During the ICO boom in 17 years, a very important reason for advocates was that ICOs were fair for everyone, and good assets could be bought by retail investors and institutions on the same terms. This is very rare in traditional finance, and almost all good assets are advanced institutions, advanced small circles, and ordinary people are taking over the wheel. It's just that the next story didn't follow the original script, the extremely low threshold for issuing coins brought about the indiscriminate issuance of tokens, as well as the expulsion of good coins from bad coins, coupled with a large number of VCs, retail investors gradually became the weak side and exited liquidity in the game of token issuance. The current RWA boom is actually an upgraded version of the ICO, allowing retail investors to buy good assets from all over the world, not just the current US stock tokens. JUST IMAGINE, ARGENTINIAN BOND TOKEN, PAKISTAN'S MINERAL TOKEN, RUSSIA'S ENERGY TOKEN, AND EVEN FRANCE'S WINE TOKEN, THESE ASSETS THAT ORDINARY PEOPLE DO NOT HAVE A CONVENIENT WAY TO INVEST IN CAN BE BOUGHT ON THE CHAIN THROUGH RWA TOKEN IN THE FUTURE. Ordinary people only need to research whether the issuer is a licensed large institution to ensure that they can redeem it and not run away. RWA makes investment more and more fair, the test is more of the investor's own cognition, rather than the origin and circle, which is the original intention of Bitcoin and blockchain, anyone can buy Bitcoin at any time, at this moment before the purchase of Bitcoin is profitable, and it is normal for retail investors to hold more coins than institutions. --- written on the occasion of BTC's xxxth ATH