Earlier this month, "Teacher Li is not your teacher", a Chinese artist living in Italy and one of the largest anti-communist KOLs, announced the issuance of the cryptocurrency $Li through Pump.fun. Teacher Li said that this is to ensure that the team's operating funds are independent. A foundation with transparent financial flow will be established in the form of multi-signature. The team holds 25.8% of $Li tokens and will only sell tokens to maintain operating costs. currency. Recently, another overseas KOL, Wang Zhian, conducted an exclusive interview with Mr. Li, in which he talked about the controversy over the incident and the details of the currency issuance.
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ToggleSelling coins is only used to maintain operations. Li coins are Politifi 2.0?
After the White Paper Movement, the Twitter account "Teacher Li is not your teacher" gradually became an overseas understanding of China's internal situation. On the 18th, it announced the issuance of $Li through Pump.fun. The main reason is that the team's financial flow has been suppressed by the Chinese Communist authorities, and in order to maintain independent operations, it needs to raise additional funds. Therefore, $Li is issued to establish a foundation to support teams with ideals and ambitions. The Snowflake Foundation, which operates the Twitter account, holds 19.5% of the currency, Mr. Li himself holds 2%, and the rest of the team members hold 4%.
Teacher Li said that part of the foundation will only sell coins while maintaining operating costs, and any team or individual with ideals and ambitions can present their project in the community, and then $Li holders will vote. Whether to provide funding. The goal is to become a decentralized overseas Chinese community. Regarding the issuance of the currency, only one engineer in the team who was familiar with the crypto knew about it. The night before the currency was issued, Mr. Li taught other members how to use the Solana wallet.
Inspired by DeSci, $Li will be used for team operations and supporting KOLs
In the exclusive interview, Wang Zhian, a journalist by training, constantly raised questions, such as why Mr. Li did not use his 300,000-followed Youtube channel to make money, but chose to issue coins. Teacher Li said that he does not like to speak on videos. He is more like a writer and YouTube is not his career. Wang Zhian believes that filming can be left to the team, but the current situation is that the team's current output is of poor quality.
As early as the White Paper Movement, someone had suggested issuing coins to him, but the decision to issue coins came when his address in Italy was discovered a while ago. Under Wang Ju's constant questioning, he also revealed that the operating cost for one month is about 15,000 euros. Some people also dug up Mr. Li’s past belief that cryptocurrency was a scam, but he said that after continuing to learn more about it, he began to believe that cryptocurrency is the future. The issuance of $Li and the establishment of a foundation were inspired by DeSci, which was popular a while ago.
Because DeSci's operating model also raises funds through currency issuance and then invests them in scientific research and development.
( What is DeSci famous for? BIO Protocol ecological guide for Vitalik and CZ synchronization platforms )
In response to community questions about the second coin issuance, Mr. Li: The first coin issuance encountered robot positions
Regarding the community's doubts about the previous issue of $Li coins, Mr. Li said that after the first version was created, he originally planned to wait until December 18 to make it public, and he also held 25% first. However, after the currency was issued, a robot participated in the transaction, so he decided to abandon this version and sell the tokens in his hand. It was not until December 18 that the token was re-launched on Pump.fun and the news was made public.
However, under the interview video, there are more doubts about Teacher Li than trust. If you are interested, you can click on the video to watch.
Risk warning
Cryptocurrency investing carries a high degree of risk and its prices can fluctuate wildly and you could lose your entire principal. Please assess the risks carefully.
