Recently, I've been pondering a question: What is the true value of a token?

We've seen countless fluctuations in the market, and hot spots rotating is just part of the game. But if you ask what a token can truly leave behind after experiencing the ups and downs of a bull and bear market, few have given it serious thought.

The story of AT has helped me understand some things. It seems it's not about chasing the trend, but about doing something more pragmatic—embedding the token's value into specific business processes.

Think about it: opening a DeFi protocol and seeing price feeds from Chainlink, does that feel surprising? No. It has become the industry standard; not having it would be strange. But if you open an RWA platform and find it uses AT for asset status verification, the feeling is completely different. You might think: Why this one? It must be offering something others can't.

This turning point marks the beginning of value sedimentation.

Essentially, AT is binding the token to a unique need—accountable data verification. Currently, most data services are like consumer goods: once used, they're gone, leaving no record. But if each use accumulates credit, and every interaction becomes part of an asset, it turns into a fixed asset.

This reminds me of the early days of AWS. Initially, everyone saw it just as a server seller, but later realized that the entire internet infrastructure runs on it. Its value was never in the hardware itself, but in its widely relied-upon position.

The same applies to tokens. What truly matters are projects that can continuously accumulate value over time.