CZ on the HAPPY-SCI Donation Zero Incident: Charity should not become a tool for Meme speculation.
Background: Recently, the Meme coin project HAPPY-SCI donated tokens worth approximately $420,000 to the academic public welfare project Siyuan (Siyuan). However, the Siyuan team chose to burn the entire donation. Due to the massive proportion of the total supply involved, this burn directly caused liquidity to dry up, causing the token's market value to nearly collapse from $4 million to zero, triggering a strong backlash from the community (P Xiaojiang).
CZ's Core Points:
Reject moral blackmail: The decentralized world should respect individual choices. While project teams may attempt to ride the wave of popularity, if the recipient declines such gestures, the initiator must accept the outcome.
Preserve the purity of charity: Genuine charity should not be associated with Meme coins whose origins are unclear and carry speculative elements. The Siyuan team's decision to destroy the donation was to maintain the project's 'integrity' and avoid being perceived as using charity as a cover for炒作.
Avoid conflicts of interest: In compliant institutions, insider trading is strictly prohibited. If employees or project members are deeply involved with external Meme coins, conflicts of interest cannot be explained. Siyuan's choice was an inevitable measure to eliminate 'conflict of interest' risks.
Conclusion: CZ urges the community not to blame the recipient, but to understand and respect researchers' commitment to the seriousness of academic public welfare.
#CZ #HAPPYSCI #Siyuan #Meme币 #慈善捐赠
Background: Recently, the Meme coin project HAPPY-SCI donated tokens worth approximately $420,000 to the academic public welfare project Siyuan (Siyuan). However, the Siyuan team chose to burn the entire donation. Due to the massive proportion of the total supply involved, this burn directly caused liquidity to dry up, causing the token's market value to nearly collapse from $4 million to zero, triggering a strong backlash from the community (P Xiaojiang).
CZ's Core Points:
Reject moral blackmail: The decentralized world should respect individual choices. While project teams may attempt to ride the wave of popularity, if the recipient declines such gestures, the initiator must accept the outcome.
Preserve the purity of charity: Genuine charity should not be associated with Meme coins whose origins are unclear and carry speculative elements. The Siyuan team's decision to destroy the donation was to maintain the project's 'integrity' and avoid being perceived as using charity as a cover for炒作.
Avoid conflicts of interest: In compliant institutions, insider trading is strictly prohibited. If employees or project members are deeply involved with external Meme coins, conflicts of interest cannot be explained. Siyuan's choice was an inevitable measure to eliminate 'conflict of interest' risks.
Conclusion: CZ urges the community not to blame the recipient, but to understand and respect researchers' commitment to the seriousness of academic public welfare.
#CZ #HAPPYSCI #Siyuan #Meme币 #慈善捐赠