Phaver的堕落：出了什么问题？

Phaver应用程序已正式关闭操作。自2024年9月的TGE以来，令牌损失了其价值的99％。

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

分散的社交媒体应用程序Phaver停止了运营，自2024年9月的代币生成活动（TGE）以来，其代币价格下跌了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的核心团队证实，金融管理不善在挫折中发挥了重要作用。为了提高知名度和采用，他们支付了超过100万美元，以列出五个集中式交易所（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，为了保持对社区的长期信任，团队做出了有意识的决定，不要在TGE期间出售任何代币，而没有基本的运营资本。

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.

虽然为大型交流清单付费似乎是一个明智的举动，但要吸引更多的受众，但没有适当的金融跑道来维持此类费用。

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.

缺乏立即流动性左PHAVER无法支付基本的运营成本。如果没有令牌销售的稳定收入，他们的资金耗尽了，比预期的要快。

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.

这种方法（在避免短期象征利润的同时花费了大量的能见度）也许令人钦佩，但最终是不可持续的。随着代币的价格继续下降，对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.

随着Phaver的故事的展开，它是Web3初创公司的鲜明提醒：透明度和社区信任至关重要，但财务可持续性也是如此。

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

虽然避免早期的令牌垃圾场可以赢得善意，但项目还必须确保他们有足够的资源来继续建造和兑现承诺。

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.

对于希望在竞争激烈的分散景观中生存的新项目，将道德资金策略与现实的业务需求保持平衡比以往任何时候都更为重要。