9.10 Misconception Ten: Only Early Participants Benefit

Skeptical Viewpoint

"This model only allows early participants to make money, all latecomers are just bag holders."

In-Depth Clarification

Phoenix Restart Eliminates Early Advantages

Traditional Project Problems:

• Early advantages: First movers get more tokens/shares
• Late disadvantages: Latecomers can only buy at high prices
• Result: Serious unfairness between early and late participants

Typical Examples:

• ICO projects: Early private sale prices extremely low
• Traditional stocks: Early shareholders have low costs
• Real estate: Early buyers have low costs

Utopia's Fairness Mechanism:

Phoenix Restart Effect:

• Periodic reset eliminates accumulated advantages
• Each cycle is a new beginning
• All participants stand at the same starting line
• Latecomers and early participants enjoy equal opportunities

Opportunity Equalization: Nth cycle participants = 1st cycle participants, starting points in new cycles are completely identical.

Continuous Creation of Network Value

Value Creation Model

• Traditional Model: Zero-sum game, if someone wins, someone must lose
• Utopia Model: Positive-sum game, network value grows continuously

Sources of Network Value Growth

• Growth in number of participants
• Growth in network connections
• Network effect amplification
• Collaborative value creation

Each new participant contributes value to the network, rather than diluting existing value.

Redefinition of Time Value

Traditional Time Value Concept

• Early participation = Time advantage = More returns
• Late participation = Time disadvantage = Less returns

Utopia's Time Value Concept:

Participation at different times = Different cycle experiences = Equal opportunities Each cycle has its unique value and opportunities Time differences do not create unfair advantages