Trump Coin is the ultimate harvester! The founder of AllianceDAO claims that most AI tokens are short-term speculation, and the industry needs to return to its original intention.

With the recent launch of TRUMP (TRUMP), the crypto assets market has once again surged. Imron Khan and Qiao Wang, co-founders of the Web3 venture accelerator AllianceDAO, engaged in a heated discussion on the current market sentiment in the latest episode of the podcast. The integration of cryptocurrency and AI also became a focus, and both expressed a critical attitude towards the idea of AI leading the development of the encryption field.

Trump's Coin Bull vs Bear, is it the end of madness or a new bull market?

The two founders believe that the current market sentiment is quite extreme. Some bulls believe that as the global economy stabilizes and grows, Bitcoin (Bitcoin) still has room for upward movement as a macro asset. On the other hand, some bears believe that the launch of 'meme coins' like TRUMP (TRUMP) reflects an overheated market and often occurs at the end of a cycle. 'The launch of TRUMP is like the ultimate harvester, historical data shows that tokens like this usually occur at the end of the market.' Nevertheless, the two also acknowledge that there may still be significant volatility in the market in the short term.

Two are dissatisfied with the claim that 'AI encryption drives AI innovation'.

In addition to Trumpcoin, the issue of AI tokens is also making a lot of noise. Some projects claim that AI combined with blockchain can lead technological development, but both of them say that most AI token projects actually rely heavily on open AI models such as OpenAI, Google, Anthropic, etc. Not only is the innovation potential limited, but it also attracts too much market capital. Both of them bluntly say, 'Most of these projects are short-term speculation and do not really promote technological progress.'

The impact of Trump Coin is either an industry driving force or a market disaster

The launch of TRUMP(, also known as Trumpcoin, has attracted a lot of attention but has also been controversial. Two experts believe that although Trumpcoin brings liquidity to the encryption market and stimulates DeFi potential, the Trump team controls nearly 80% of the token supply, and the harvesting behavior is quite obvious, which may damage the credibility of the encryption industry. The two experts said: 'Trumpcoin feels like a public extortion of the encryption industry. Although it may promote adoption in the short term, there are still risks in the long run.'

Celebrity tokens and future prospects, operators need to stick to their original intentions

With the increasing popularity of Trumpcoin, it has also sparked discussions in the market about the mode of celebrity tokens )Celeb tokens(. Two of them pointed out that the current market is exploring more token economic models, such as time-based tokens )Time-based tokens( and creator economy )Creator economy(, but it still needs to establish a healthier mechanism to avoid excessive speculation. "Trumpcoin may provide a precedent for future celebrity tokens, but this model may have a negative impact at present. The future design needs to be more transparent and towards sustainable development," the two emphasized.

Although Trumpcoin and other emerging tokens have brought a lot of heat, the industry has also begun to reflect on the core value of the encryption industry. The two also called for a return to the principles of "enhancing freedom" and "eliminating malicious behavior", and supporting more practical products like stablecoins.

)Trump credits Bitcoin for consecutive all-time highs. Bitcoin Magazine: Trump Coin is like shit (

This article Trump Coin becomes the ultimate harvester! The founder of AllianceDAO claims that most AI tokens are short-term speculation and the industry needs to return to its original intention. First appeared in ChainNews ABMedia.