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He Yi: Binance Alpha Zone will feature some trending memes from the community.

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#DeFi
吴说
718Words
Dec 18, 2024

Binance co-founder He Yi stated in a Twitter Space that many projects conducting airdrops to attract users do not have real users. Most projects lack a business model, and those that do have one are often undervalued because they are assessed using web2 models, leaving the entire industry in an awkward position. Ultimately, the understanding of a project should be grounded in its social benefits; true profitability is what leads to success that can be shared with users. The entire policy direction in the United States has made a 180-degree turn, and with Trump's new policies, it may lead to industry transformation. Most memes will eventually go to zero; I cannot determine or define which coins will survive. We have a list of over a hundred projects, but indeed, many projects are difficult to commit to due to various issues, such as poor token models or inflated data. There are also many rumors of insider trading; it would be better to put all coins in the alpha zone for everyone to trade. The goal is to find projects that can survive long-term. Project teams need to understand that ultimately, the project must have social value, labor outcomes, and be shared with users and the community. Alpha will include some community hot memes, as gaining some value in the midst of emptiness is also meaningful.

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