Zak Folkman, co-founder of World Liberty Financial (WLF), revitalizing his first coin product (ICO) in a panel discussion with Tron founder Justin Sun, saying, “I want to make ICOs great again.” He expressed his desire to become a part of the world. The Hong Kong event will be held on February 19th. The two discussed various challenges within the crypto space, including adoption of decentralized finance (Defi), memecoin regulations and impact. Industry venture capital.
Folkman pointed out that venture capitalists often force platforms like WLF to sideline and adopt anti-VC stances. He criticized the way VCS manipulates the market to ensure benefits, saying, “What they want to do is to design everything for them to win, and even if it sacrifices someone else. “Folkman argued that this exploitation contributed to the erosion of trust in the code, explaining in the past that ICOs are an open opportunity for everyone to take part in the project. He said, “ICOs were good back then. People were able to take part in the project and everyone had access to the same thing.”
The discussion also highlighted concerns about the meme coin, particularly the lack of regulations. Folkman warned that people risk losing substantial amounts of money in meme coins, noting that many Twitter users have expressed their complaints about saving lives on failed projects. “How many people on Twitter now complain about losing their lives savings with the robust meme coin?” he stressed the need for clear and consistent rules to guide the industry. I asked.
While the Folkman was critical of the current state of memecoin, the Sun remained optimistic about their future, claiming that the meme was a “crypto future.” However, Sun agreed that the industry needs to address the way tokens are launched, criticizing the high-risk nature of some meme coins. “Most meme coins we see in the market today have a market capitalization that is high at launch and are zero,” Sun said, and when many investors lose faith in tokens after their value collapses, they lose faith in tokens. I’ve explained it.
Folkman also warned of what he calls “anti-crypt” by allowing venture capitalists to invest in projects in ways that are not publicly accessible. For Falkman, Crypto is about democratizing and providing equal opportunities for all. He argued that the system must be fair and transparent to all involved.
Both Folkman and Sun highlighted the importance of properly adjusting meme coins to avoid past pitfalls, such as fraud and rug pulling. While Falkman advocated restoring the ICO to its previous form, Sun continued to focus on ensuring that the future of memecoin is built on a stable and reliable foundation.