At first I assumed fixed yield meant simplicity, that FT tokens just paid investors over time like a savings account would. But the zero-coupon structure works differently. There's no coupon at all, no periodic payout to anchor expectations along the way. Instead the token is sold at a discount and matures at par, so the yield sits inside the entry price itself rather than being distributed in installments. That changes behavior more than I expected. Holders aren't checking for payments, they're just waiting. No claiming, no reinvesting, no small decision points to keep attention engaged until maturity arrives. It strips out a layer of friction, but it also strips out a layer of engagement. Nothing to do often means nothing to notice. The real question is whether that silence signals stability or absence. A token that asks nothing of you until redemption might be holding demand quietly, or it might just be waiting to be remembered.
@TermMax #TermMax