There has often been a debate between overseas projects and domestic projects in the circle. Currently, the vast majority of retail investors tend to shy away as soon as they hear about domestic projects. Many projects even have Chinese teams but still bring in foreigners to serve as the face of the project. However, the core difference ultimately lies in the mindset and approach of the project party's founders.

In business, the ultimate goal is to make money and earn profits, but the experience given to customers in the process is different, resulting in a stark contrast between the final outcome and reputation.
Many founders of domestic projects honestly say that many, even if they have washed the mud off their feet and become respectable people, still cannot change the ingrained mindset of being stingy that was developed during the years of material scarcity. It's like the story of an old retiree in Beijing who, after retiring from a bureau-level position, picks up a ski board; holding a shiny silver sickle that is both quick and bright, yet unwilling to let even a bit of broken silver slip through his fingers. As everyone plays and cuts more, of course, they will remember, so the reputation becomes bad. There is no way around this; it takes three generations to become aristocrats, and time is needed for accumulation.
Many overseas projects have founders who grew up in materially rich environments. Every year during Christmas, they personally experienced a month filled with the joy of giving, creating beautiful childhood memories. They understand the happiness of sharing material wealth with the community, so during the process of making money for users, there is both giving and feedback, making the experience enjoyable. One does not strike a smiling face; founders are willing to invest a bit initially, perhaps by offering airdrops or pumping prices to high levels without immediately harvesting with a large bearish candle, but rather by creating an ecosystem that encourages more participation and gradually monetizing it. Naturally, the reputation is excellent.