All functions must be accessed through API calls. No backdoor access of any kind is permitted. Anyone who does this will be fired. Have a great day!

In 2002, Amazon's Bezos made a bold statement: all company systems must communicate with each other through service interfaces. Wall Street laughed at the time, thinking the retailer had gone mad, spending enormous resources to dismantle its own architecture. But Bezos was right—he understood that infrastructure capable of handling Amazon's peak traffic would eventually become the industry standard. The rest of AWS's story, everyone knows.

August 2025: a leading crypto exchange reached a similar crossroads. By destroying tens of millions of tokens and permanently locking the total supply at 21 million, the exchange completed a thorough "decluttering"—cutting the umbilical cord between tokens and exchange profit buybacks, pushing it toward true on-chain sovereignty.

The logic behind this deserves closer examination. Four perspectives make it clear:

( 1) The scarcity argument for a fixed 21 million supply;

( 2) The token's hidden cash flow model;

( 3) Layer 2 solutions' gas consumption and deflationary feedback mechanisms;

( 4) Ecosystem wallet infrastructure value and token growth potential.

Let's look back from this turning point. From "exchange servers" to "on-chain utilities," what does this transformation reveal?

That night in 2002, an idea took shape in a Seattle office……