Phaver的墮落：出了什麼問題？

Phaver應用程序已正式關閉操作。自2024年9月的TGE以來，令牌損失了其價值的99％。

Decentralized social media app Phaver has ceased operations, with its token price down 99% since the Token Generation Event (TGE) in September 2024.

分散的社交媒體應用程序Phaver停止了運營，自2024年9月的代幣生成活動（TGE）以來，其代幣價格下跌了99％。

Phaver’s core team confirmed that financial mismanagement played a major role in the setback. In a move to increase visibility and adoption, they paid more than $1 million to list on five centralized exchanges (CEXs).

Phaver的核心團隊證實，金融管理不善在挫折中發揮了重要作用。為了提高知名度和採用，他們支付了超過100萬美元，以列出五個集中式交易所（CEXS）。

However, in a bid to preserve long-term trust with the community, the team made the conscious decision not to sell any tokens during the TGE, leaving them without essential operating capital.

但是，為了保持對社區的長期信任，團隊做出了有意識的決定，不要在TGE期間出售任何代幣，而沒有基本的運營資本。

While paying for major exchange listings might seem like a smart move to reach a wider audience, it backfired without the proper financial runway to sustain such costs.

雖然為大型交流清單付費似乎是一個明智的舉動，但要吸引更多的受眾，但沒有適當的金融跑道來維持此類費用。

Lack of immediate liquidity left Phaver unable to cover basic operational costs. Without a steady income from token sales, they ran out of funds faster than anticipated.

缺乏立即流動性左PHAVER無法支付基本的運營成本。如果沒有令牌銷售的穩定收入，他們的資金耗盡了，比預期的要快。

This approach — spending big on visibility while avoiding short-term token profit — was perhaps admirable but ultimately unsustainable. As the token’s price continued to spiral downward, confidence in the platform faded quickly.

這種方法（在避免短期象征利潤的同時花費了大量的能見度）也許令人欽佩，但最終是不可持續的。隨著代幣的價格繼續下降，對平台的信心很快就消失了。

As Phaver’s story unfolds, it serves as a stark reminder for Web3 startups: transparency and community trust are crucial, but so is financial sustainability.

隨著Phaver的故事的展開，它是Web3初創公司的鮮明提醒：透明度和社區信任至關重要，但財務可持續性也是如此。

While avoiding early token dumps can earn goodwill, projects must also ensure they have enough resources to keep building and delivering on their promises.

雖然避免早期的令牌垃圾場可以贏得善意，但項目還必須確保他們有足夠的資源來繼續建造和兌現承諾。

Balancing ethical funding strategies with realistic business needs is now more important than ever for new projects hoping to survive in the highly competitive decentralized landscape.

對於希望在競爭激烈的分散景觀中生存的新項目，將道德資金策略與現實的業務需求保持平衡比以往任何時候都更為重要。