Recently, I noticed an interesting fundraising phenomenon—some projects launch segmented funding rounds just before going live on the platform. At first glance, it may seem a bit lengthy, but a closer look at their fundraising guidelines reveals the underlying logic.

This design actually contains a hidden mechanism: the participation thresholds for each funding round gradually increase, and the corresponding rights also exhibit varying degrees of long-term binding characteristics. In other words, the later the funding round, the higher the required capital amount, and the rights allocated also have clear time locks in terms of liquidity and release cycles. This stepwise mechanism not only ensures the stability of fundraising but also filters participants of different levels.

The reason why this project has garnered significant market attention is closely related to its frequent appearance in mainstream crypto research reports. As a highly tracked innovative project, its fundraising strategy and token distribution model have become focal points of market discussion, further amplifying the project's popularity and engagement.