JST's destruction strategy is interesting. One-time destruction easily becomes a marketing gimmick; the real moat lies in whether a sustainable and implementable deflation mechanism can be built. JST has completed a key leap in these two rounds of destruction — from theoretical validation to mechanism implementation. This step is very critical. Whether the Real Yield logic can be successfully and practically implemented mainly depends on the timing. A deterministic deflation expectation often can create a premium, while those vague promises are more prone to failure. From this perspective, JST combines model validation with actual implementation, and this approach is indeed more worth paying attention to. A continuous deflation mechanism and predictable yield release — this is the long-term competitiveness of the project.