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The idea of officially-led project incubation indeed helps concentrate resources and authority, allowing promising projects to receive support while also constraining speculative behavior. However, the problem is—this support mechanism is still far from clear.
Specifically, what kind of projects can receive official support? What are the specific support measures? What is the evaluation cycle? These standards are currently vague. This leads to two outcomes: first, participants see no definite expectations and can only continue to gamble; second, it easily evolves into another form of unfair competition.
The solution is actually not complicated—establish open and transparent support policies and evaluation standards. Whether for early-stage project teams or retail investors, everyone should be able to clearly see: why is this project worth supporting, and what tangible benefits can support bring? Only then can the market be pulled out of endless zero-sum games.