He Yi: Binance alpha area will put some hot memes in the community
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He Yi, the co-founder of Binance, stated on a Twitter space that many projects do airdrop to wash out users, and most projects do not have a business model. Projects with a business model are actually not valuable, because evaluating them with a Web2 model, the entire industry is in an awkward period. The ultimate understanding is that a project must be solid and beneficial to society, and truly make money and profit in order to have success in distributing to users. The policy direction in the US has made a 180-degree turn, and with the new Trump administration, it may lead to an industry transformation. Most memes will go to zero, and I cannot decide or define which tokens will survive. We have a list of over a hundred projects, but many of them cannot be touched due to various issues, such as a poor token model or inflated data. There are also many rumors of rug pulls, so it's better to put all the tokens in the alpha zone and let everyone trade. The goal is to find long-term sustainable projects. Project teams need to understand that the ultimate value comes from the project's social value, labor output, and sharing with users and the community. The alpha zone will include some community-popular memes, and it is meaningful for people to obtain some value capture in the midst of the void.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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