In my opinion, this 3-phase distribution has both positive and negative impacts. On the positive side, there will not be a massive sale of coins that have just been distributed, because the quantity is still limited, and buying and selling is also normal, so the price will not go down immediately. The negative impact, sometimes the 3-phase distribution is late, makes us lose the moment to sell coins when the price is high. However, this is actually not a problem if the coin hasn't entered the market yet.