Binance Founder Cites Amazon’s Rise as Crypto Faces Cleansing of 99.9% of Useless Tokens
- Lady of Crypto says 99.9% of tokens shouldn’t exist and hopes they stay gone.
- Binance co-founder CZ compares crypto failures to early e-commerce, referencing Amazon.
- CoinMarketCap lists 14 million tokens, sparking calls for a market clean-up
A crypto debate is heating up over the huge number of tokens hitting the market. Widely followed crypto commentator “Lady of Crypto” expressed concerns about the number of unproductive crypto assets in circulation.
Binance founder Changpeng Zhao (CZ) joined the conversation by stressing that innovation sometimes needs failure to succeed. He referenced Amazon’s rise, saying trial and error helped the e-commerce giant succeed.
In a post on X, Lady of Crypto drew attention to the large volume of low-value tokens in the crypto space. “99.9% of cryptos should not exist. I hope they don’t come back after we recover,” she wrote, referencing what many see as excessive market clutter.
Her statement echoes growing frustration over the number of inactive, scam-related, or redundant coins cluttering major exchanges and databases.
Related: Global Liquidity Reaches ATH as BTC Analyst Points to Potential Price Catalyst
Wh…
The post Binance Founder Cites Amazon’s Rise as Crypto Faces Cleansing of 99.9% of Useless Tokens appeared first on Coin Edition.
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Binance Founder Cites Amazon’s Rise as Crypto Faces Cleansing of 99.9% of Useless Tokens
- Lady of Crypto says 99.9% of tokens shouldn’t exist and hopes they stay gone.
- Binance co-founder CZ compares crypto failures to early e-commerce, referencing Amazon.
- CoinMarketCap lists 14 million tokens, sparking calls for a market clean-up
A crypto debate is heating up over the huge number of tokens hitting the market. Widely followed crypto commentator “Lady of Crypto” expressed concerns about the number of unproductive crypto assets in circulation.
Binance founder Changpeng Zhao (CZ) joined the conversation by stressing that innovation sometimes needs failure to succeed. He referenced Amazon’s rise, saying trial and error helped the e-commerce giant succeed.
In a post on X, Lady of Crypto drew attention to the large volume of low-value tokens in the crypto space. “99.9% of cryptos should not exist. I hope they don’t come back after we recover,” she wrote, referencing what many see as excessive market clutter.
Her statement echoes growing frustration over the number of inactive, scam-related, or redundant coins cluttering major exchanges and databases.
Related: Global Liquidity Reaches ATH as BTC Analyst Points to Potential Price Catalyst
Wh…
The post Binance Founder Cites Amazon’s Rise as Crypto Faces Cleansing of 99.9% of Useless Tokens appeared first on Coin Edition.
Read More
How Binance Alpha Generates Mutual Value for Users and the Platform