Been thinking a lot about tokenholder value lately. HYPE (Hyperliquid) has been the best-performing high-capitalised crypto asset this cycle, and this case should be studied by everyone deploying a token for their company. As far as I can tell, it’s clear that Hyperliquid, as a platform, would have never attracted as much volume and as many users without its token being launched in an egalitarian way with the clear intention of “price going up”. Bringing value to token holders should be one of the key targets, if not THE key target for projects. Yet the reality is usually the opposite, and the most obvious rule of driving shareholder value is so abstract for companies creating tokens that only Hyperliquid introduced it to crypto with its TGE. Accrued value gets diluted through Venture Capital emissions, or there is simply no revenue/value that can trickle down to holders. I strongly believe that every upcoming crypto company should take a deep look at what Hyperliquid does and adopt a similar model. More Token Holder Value -> More End-users More Token Holder Value -> Easier to understand for institutional investors More Token Holder Value -> Better network effect for the company $KLED deeply believes that this will be the right tactic as we advance. More to come very soon.