The Disappearing Trust Recently, I've been repeatedly pondering a question: Why did VC coins crash? On the surface, it may seem like a lack of sentiment and poor liquidity; but fundamentally, it's the trust mechanism of the entire industry that is collapsing. Any project is basically composed of these four roles: the project party, investors, market makers, and the community. Theoretically, these four should be co-building and co-winning; But the reality is increasingly resembling a zero-sum game of "whoever runs faster wins." Everyone is wary of each other, distrustful, and even willing to deceive one another just to run faster. This structural issue not only fails to create trust but also amplifies human weaknesses: greed, shortsightedness, and opportunism. Over time, we also come to accept that this industry is filled with deception, forgetting that the core value of blockchain is not competition, but consensus and trust. Many people only see trust collapsing, but overlook a simple truth: anything that can collapse downwards can also rise upwards. Therefore, what we need to further contemplate is: how should trust among these four parties be built? The answer probably lies not within the four roles themselves, but in stepping outside a single role perspective to construct a trust relationship based on positive-sum games from a mechanism standpoint. From a business model perspective, the key is to find that fulcrum that carries trust and develop it into a core capability, then build an iterative feedback mechanism around this fulcrum. Among these four roles, the only ones truly capable of building a trust fulcrum are the investors and market makers. So, how should these two fulcrums leverage the trust flywheel? With these two roles as the fulcrum of core capabilities, the stronger the capability, the more value it can create for the community. By sharing early profits with the community, those who believe can earn money, thus generating more and more value resonance, ultimately pushing the community to give back to its core capabilities. Over time, more and more project parties will actively seek cooperation, and there will be real choices in selecting quality projects. Capability brings value, value brings trust, and trust in turn reinforces capability. This may be the solution that aligns with business logic.