Hasu: 90% of Crypto Projects Should Not Issue a Token

BlockBeats News, December 11th, Flashbots Strategic Director and Lido Strategic Advisor Hasu posted, stating, "The worst thing is not that token holders don't care about the project, but those who think they know how to run a company and actively intervene as token holders. What is infuriating now is that many investors are forcing early-stage teams to engage in buybacks, pushing unverified incentive mechanisms, and proposing various governance ideas that would undermine the value of the early-stage company, resulting in a significant loss of value."

"If I were to start a business in the crypto industry today, I would never suggest issuing tokens before being ready to 'go public.' Treat tokens as an IPO, and even then, try to maintain full control of the company by the founding team. Almost every founder regrets launching a token today because they were initially swept along by the wave of seemingly 'cheap capital,' but now that cheap capital has shown its fangs and is backfiring."

"In the crypto industry, the downsides of 'going public' and losing control of one's finances are severely underestimated and underresearched issues. 90% of crypto projects should not issue tokens."