Changpeng Zhao, co-founder of Binance, cautions AI developers against the hasty release of crypto tokens. He emphasizes the importance of developing valuable products before launching tokens.
Changpeng Zhao's Concerns
Zhao expressed concern that many AI developers are focusing on token launches without having a solid foundation of useful products. He views this as 'putting the cart before the horse.' Hastily launching tokens can lead to speculative bubbles and investor disappointment.
Priority on Useful AI Solutions
Zhao advises developers to focus first on creating quality AI agents. This allows achieving product-market fit and creating real utility for the token when integrated into the ecosystem of already useful products. Such application enhances the token's value and ensures long-term sustainability.
Examples of Successful and Unsuccessful Projects
An example of a successful project: firstly, creating an AI platform, and then launching a token to provide additional functionality. An example of a failure is issuing a token with only empty promises and no working prototype.
Changpeng Zhao reminds us that only by creating valuable solutions can AI developers ensure long-term success in the crypto market. A product that meets users' needs will always be valuable, opening up new opportunities for innovation and growth.
