Hasu: 90% of cryptocurrency projects should not issue tokens

Flashbots' Strategic Director and Lido Strategic Advisor Hasu stated, "The worst thing is not that token holders don't care about the project, but that those who think they know how to run a company actively intervene. What is infuriating now is that many investors are forcing startup teams to conduct buybacks, pushing unverified incentive mechanisms, and proposing various governance ideas that would destroy the value of the startup, resulting in a massive loss of value.

If I were to start a business in the crypto industry today, I would never advise issuing tokens before being ready for 'going public.' Treat tokens like an IPO, and even then, try to maintain complete control of the company by the founders. Almost every founder regrets issuing tokens nowadays because they were swept along by that seemingly 'cheap capital' wave, but now the cheap capital has shown its fangs and is biting back.

In the crypto industry, the drawbacks of 'going public' and losing control over one's finances is a severely underestimated and under-researched issue. 90% of crypto projects should not issue tokens at all."