Chase, a former Binance listing manager, has shared insights from his experience evaluating over 1,000 cryptocurrency projects and participating in around 100 token issuances over two years. He presents a model from an exchange perspective, emphasizing that the crypto market is fundamentally driven by liquidity and market-making mechanisms. Short-term pricing is often determined by liquidity, attention, and token structure rather than cash flow narratives. Chase further explores how trading signals are formed, how information is monetized, and the potential impact of stablecoins and microtransaction settlements in the AI era on the crypto landscape. His analysis provides a unique viewpoint on the dynamics of the cryptocurrency market.