This cycle is always repeated with new projects, only a small number of projects actually do what their whitepaper says.
Nearly 90% of the project deviates from the content of WP in the end (based on my observations since 2018) and only serves to fill exchanges as one of the options of thousands of altcoins that are constantly increasing, but that doesn't frustrate people too much.
It seems that both sides (between founders and investors) have begun to eliminate the belief in long-term potential. The important thing is they managed to double the money briefly then goodbye and good luck to the next holder.
This is a crypto world, and tokens as the currency of their respective platforms therefore they are introducing it.
Do you think that in the future every crypto startup company will have its own currency?
Don't you see that Facebook is currently launching Libra (currently rebranded to DIEM) don't you think that FB is imitating social media platforms that already have their own token? lol
Yes, because Facebook is slowly becoming a business space and I think Facebook is doing the right thing. Instead of launching Libra, Zuckerberg first introduced and gave millions of users the opportunity to use new business features on Facebook such as the marketplace, monetization, and advertising until they really felt the benefits. When people depend on Facebook for their business, imagine if Facebook only enforces Libra.