Hasu: 90% of crypto projects should not issue tokens

BlockBeats News, December 11 — Hasu, Strategic Director of Flashbots and Strategic Advisor at Lido, stated, “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. What is angering now is that many investors are forcing startup teams to buy back tokens, promoting unverified incentive mechanisms, and proposing various governance ideas that could destroy the value of startups, causing a large amount of value to be wiped out. If I were to start a business in the crypto industry today, I would never recommend issuing tokens before being ready to ‘go public.’ Treat tokens like an IPO; even so, try to maintain the founders’ complete control over the company. Almost every founder now regrets issuing tokens because they were carried forward by that wave of seemingly ‘cheap capital,’ but now cheap capital has shown its fangs and is turning against itself. In the crypto industry, the drawbacks of ‘public disclosure’ and losing control over one’s finances are seriously underestimated and understudied issues. Around 90% of crypto projects simply should not issue tokens.”