Token-First Philosophy: A Dangerous Trend Sweeping the Crypto Industry

Recently, an extreme trend has been emerging in the crypto circle. Some project founders have gradually hollowed out the project itself and turned the token into the most important product.

Under this trend, volatility, transaction volume, and the number of token holders take precedence over all other metrics. Consequently, the development team minimizes technical and product development, becoming indifferent to user engagement with the actual product.

More alarming is the fact that this philosophy is gaining acceptance among market makers and exchanges. Although this approach might provide local optimization, it could ultimately lead to the destruction of the entire ecosystem.