Ansem responds to creator token controversy: won't run away and uses Dogecoin and BONK as examples to explain the concept

Comparing news, crypto KOL Ansem is responding to the controversy sparked by the recent launch of the creator token trend. He admits that he was cautious about issuing coins to celebrities before because he misjudged that the other party would have the same moral standards as himself and would not cut chives for millions of dollars. This assumption was wrong, but he would not make the same mistake again, and emphasized that he was not a celebrity and had no plan to cut chives.

Ansem said he believes there is a way to issue coins that can be a win-win for everyone: attract new users into the crypto industry, allow people to participate through speculative targets, re-provide liquidity to old leeks at the bottom of a bear market, and then channel the attention gained from this to really meaningful projects and teams within the industry. He used Dogecoin and BONK as examples — the former started at 0 and still has a market capitalization of $11 billion and was a major customer acquisition event in the crypto industry; the latter revived the Solana ecosystem at the bottom of the market where FTX crashed and airdropped tokens to core developers and teams.

Ansem also revealed that since entering the business in 2017, he quit his job as a software engineer in 2021 and is now co-founding the trading app Bullpen.fi and running a podcast program. He stressed that this is the first project he has led and controlled the supply of most tokens. Many degen coins he previously supported were all smashed due to anonymous teams hoarding coins in advance and using their influence to speculate.

This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)