A new L1 wants liquidity. The CEX path: the exchange runs your nodes, builds deposits and withdrawals, parks your coin in its hot wallet, carries the custody risk and the legal review. Months of engineering and a bill. The NEAR Intents path: one bridge route, then any market maker who wants to quote your coin brings its own inventory. Settlement is a contract on NEAR. Nobody runs an order book or a withdrawal desk for your coin. And the same day your coin is in the 1Click API. Ledger, Trust Wallet, Brave, Rabby, SafePal, LiFi and SwapKit already run on it. Each of them can switch your coin on with a config change. No nodes, no custody, no listing talks. PEARL got all of this today without asking a single exchange.