#Pre-TGE Seeing the BTW Pre-TGE announcement, I'm reminded of many stories from friends who suffered losses on new projects over the years. The point threshold of 216 points and consuming 15 points to participate—this setup itself is fine, but what really deserves attention is that "important notice"—tokens have a lock-up period, and the unlock time may not be announced in advance.

This statement carries significant weight. I often tell friends that before participating in Pre-TGE activities, you must clarify three questions: How long is the lock-up period? When will it unlock? What's the liquidity like after unlock? This isn't trivial because it determines when your funds can actually be utilized.

Projects not announcing unlock times in advance may have various reasons, but for participants, the risk is clear—you may face prolonged waiting periods or even uncertainty. In such circumstances, the amount you participate with must be within your risk tolerance. My advice is to treat Pre-TGE as an interesting attempt, but definitely not as the focal point of asset allocation.

Using 15 points to exchange for an uncertain opportunity—ask yourself first: Can I accept having these funds locked for three months, half a year, or even longer? If the answer is "no," then there's no need to participate. What long-term mindset truly tests is maintaining rationality amid such uncertainty.