Star Xu said that the OKX team's task is to find valuable utility tokens for clients at an early stage. Each token listed on the exchange undergoes thorough research – analysts monitor the performance of the coin over a long period of time.
“We do not accept presentations of tokens for listing. We independently research crypto projects, and our listing committee will make independent decisions, without any outside influence. If you keep sending out token information to OKX team members, it still won't help. So please stop.”
wrote Xu in X.
CryptoQuant founder and CEO Ki Young Ju expressed his shared concern about the memcoin rally. This type of digital assets only harms the crypto industry, the businessman is sure.
“It is unfortunate to see billion-dollar memcoins overshadowing the hardworking teams that create quality products to advance the industry. Easy money does not promote progress, as the ICO boom of 2018 showed,”
complained Ki Young Joo.
Recently, analysts from Franklin Templeton announced that memcoins are useless and unstable, although traders can make quick money with their help.
Source: Bits
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