Changpeng Zhao (CZ), the founder and former CEO of Binance, made significant statements regarding the TST memecoin within the BNB ($644.47) Chain ecosystem. CZ clarified that the website and social media accounts created during the development of TST were initiated by community members, not by Binance. He emphasized that there is no official connection between the TST memecoin and Binance, noting that the unauthorized use of the Binance logo poses potential issues.
In his remarks, CZ stated that TST memecoin is not under Binance’s control and is fully community-driven. He stressed that Binance is not directly involved with this project and urged users to exercise caution. The anonymity of the developer team behind TST indicates that it is a decentralized community initiative.
It has come to light that the TST website and X (formerly Twitter) account were not created by the Binance team. CZ pointed out that the unauthorized use of the Binance logo in community-based projects could lead to misinformation and potentially serious problems.
ETF Applications and Developments in Cryptocurrency
The sudden surge of TST memecoin is viewed as a reflection of fluctuations in the
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