Bankless plans to submit a governance proposal to clarify brand boundaries and destroy all BANK tokens.

BlockBeats reported on November 27th that David Hoffman, co-founder of Bankless, responded to recent community criticism. He acknowledged that he needs to improve his acceptance of constructive criticism when dealing with unfair attacks on Bankless. He stated that the community's concerns mainly revolve around the potential confusion caused by Bankless and BanklessDAO sharing a brand as two separate entities, which is particularly prominent in the sensitive environment of the cryptocurrency industry. To address this issue, Bankless plans to submit a governance proposal to BanklessDAO to clarify the brand separation between the two entities and will destroy all BANK tokens after the proposal. This measure aims to eliminate concerns about potential conflicts of interest in the market and enhance Bankless' credibility in the cryptocurrency industry. Hoffman hopes that this action will strengthen communication with the community and express gratitude for all constructive criticism.