Chen Weixing, founder of Pancheng Capital, said on Weibo today that the IEO is hot and has nothing to do with the blockchain. It only opened the gambling on the exchange, eliminating the risk of not getting the exchange. The realization of the value of any technology requires logic, and the blockchain is no exception. Finally, we can see how we can solve the problems of human society. The number of speculators that "believe" is the fundamental aspect of trading. Consuming these "believes" is equivalent to consuming fundamentals. The essence of IEO is consumption. Therefore, the air currency market will continue to decline.