Changpeng Zhao, the former CEO of Binance, once again distances himself from the TST token, despite its growing popularity and the use of the Binance logo on its website and social media.
Distance from TST Token
The TST token initially caught attention after a BNB Chain team member created an educational video demonstrating how to launch memecoins on the four.meme platform. Although intended only as a demonstration asset, the token quickly surged, reaching a $41 million market cap. Zhao clarified that the token was never an official project of Binance.
Warning on Copyright Infringement
Zhao also warned the team behind TST against unauthorized use of the Binance logo, emphasizing it as an infringement and demanding changes. He stated he has never invested in TST and highlighted the token as a complete community-run initiative.
Investor and Brand Risks
Community-driven tokens often emerge from collective interest, which can lead to innovations but also risks for investors and brands. Unauthorized branding, like Hackathon G-AI's use of the Solana logo, raises concerns.
The unauthorized use of the Binance logo underscores the risks of unchecked brand usage in the crypto space. Investors must exercise caution and make informed decisions.
