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Defiance founder: The points program is just a large-scale PUA strategy of the project

BlockBeats news, on May 29, Arthur Cheong, founder and CEO of DeFiance Capital, wrote: "All these points programs are just large PUA strategies of project teams. In DeFi Summer, they can't beat actual token incentives. Pacman's Blur created points for the more vulnerable NFT community, and now all project founders are copying these strategies. I will not support such a thing.

Give people a lot of garbage points, opaquely disclose the total supply, and devalue them at will, while projects continue to collect income from their usage and can use this indicator to raise large VC funds."

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Defiance founder: The points program is just a large-scale PUA strategy of the project

Binance SAFU wallet transferred out 7,500 BTC half an hour ago, possibly to replenish reserves for affected assets.

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