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The sham project plague

Binance

Cryptocoins Exchanges / Binance 267 Views

the binance smart chain seems to have become an easy target for sham projects that seldom have any use case other than the disenfranchize speculators and grab cash from beginers. The low transaction fees and permissionless nature of the bsc eco system seems to be an encouragement to the trend. One common similarity between most 9f the start ups on bsc is that they intend to be community owned, but in reality, these projects have centralized owners who can make decisions that affect their networks, without consideration of or inputs from their respective community members. This is not only in direct conflict with the principle of decentralized economy but it makes the community vulnerable financially. one probable solution to this problem is to ensure that oenership of community based token smart contracts is transfered to a DAO contract that requires input from community members to make network basrd decosions....

submitted by /u/Which_Breadfruit_867
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