How to describe the primary market in the past two years? Chaotic. Insider trading is rampant, with details about who invested what and at what price always known only at the last moment by retail investors.

Recently, I came across the Synbo project and found that its approach is somewhat different. This "Position Consensus Mechanism" is not just a hollow slogan about decentralization, but actually makes the entire game rules transparent—retail and institutional investors finally stand on the same starting line to compete.

Why am I optimistic about it? A few reasons:

**Information symmetry is especially crucial.** The biggest pain point in the primary market is information asymmetry. Those with insider knowledge make huge profits, while retail investors are always in the dark. Synbo’s mechanism directly addresses this problem at its root.

**The technical foundation is different.** Projects that can showcase themselves at conferences like ETHShanghai have solid technical backing. This isn’t a team that raises funds and then disappears.

**The model itself is imaginative.** The prototype of an "on-chain exchange" once the pattern is operational, will be a disruptive force against traditional primary financing. Early entrants are effectively securing a position in this new track ahead of others.

It’s still very early days, and this stage tests one’s vision the most. Just like in the early days of Web2, those who can accurately identify trends and position themselves early will reap the growth dividends.