Star, founding father of crypto change OKX, has expressed sturdy criticism of sure market practices. Star famous that some tokens, as soon as listed, focus solely on issuing new tokens and lowering belongings, actions that in the end hurt customers.
OKX Founder Criticized Market Practices
He emphasised that exchanges shouldn’t act as accomplices of such initiatives that don’t contribute positively to the market or its individuals.
Star additionally acknowledged that OKX has confronted difficulties with its itemizing practices, citing the present lack of regulation concerning itemizing and holding discount as problematic.
He referred to as for a collective business introspection on methods to safeguard the market and defend investor pursuits, particularly within the absence of clear supervisory frameworks.
One of many tokens Star talked about, AEVO, has skilled a big drop in worth, falling from its preliminary excessive value of $3.70 at launch to its present value of $0.44. This sharp decline triggered considerations within the sector, particularly amongst traders who suffered losses.
AEVO’s decline and Star’s statements underscore a broader concern in regards to the want for higher oversight and moral requirements within the cryptocurrency market, notably concerning the processes surrounding the itemizing and administration of latest tokens.
*This isn’t funding recommendation.
