Hasu, strategic director at Flashbots and advisor to Lido, has expressed strong criticism of the widespread practice of token issuance among crypto projects. Speaking on December 11, Hasu stated that 90% of these projects should not issue tokens, highlighting the negative consequences of such actions. He pointed out that token holders often pressure startups into buybacks and impose untested incentives, which can lead to detrimental governance decisions.
Hasu noted that many founders regret issuing tokens prematurely, as the influx of cheap capital has resulted in financial losses and loss of control. This sentiment reflects a growing concern within the crypto industry about the overuse and mismanagement of tokens, which can undermine the stability and success of blockchain initiatives.
Hasu Criticizes Token Issuance by Crypto Projects
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