Charles Hoskinson Criticises Inconsistency in Meme Crypto Tokens, Questions Launch of New Projects

Charles Hoskinson said that he is happy that people like his pet animal pig but he is not happy with the $Nike token. 

Charles Hoskinson is the founder of the Cardano blockchain network. After leaving the Ethereum (ETH) blockchain project in 2023, he started working on Proof-of-stake (PoS). Hoskinson never supports development related to market trends & he only supports those works that can push the ability of the Cardanoo blockchain to the next level & make blockchain technology more useful in the practical world. 

On 29 June 2024, Charles Hoskinson suggested that promoting a new project (BBQ) doesn’t make sense if an existing project ($Nike token) is still active and influential. 

He implied there should be internal consistency and coherence within the namecoin ecosystem before launching with new initiatives.

In short, Hoskinson suggested that meme crypto projects also should be ready with their pre-plan before launching the token, in order to specify the future development works related to blockchain technology. 

In a follow-up tweet, Hoskinson said that he is trying to understand the rules of meme coins which seem nonsensical to him. However, he is pleased that their “pig” is being appreciated, especially given its difficult past, but he is not happy for his Pig-inspired meme token $Nike. 

It is worth it to note that the majority of the people are supporting Hoskinson for this new meme token in the Cardano ecosystem. 

Some crypto enthusiasts said that the trend of meme tokens on the Cardano blockchain is not going to stop here and there are huge chances that many new tokens are coming to the Cardano blockchain.

If any crypto trader wants to buy this new meme tokens on Cardano, then follow the attached steps in the Tweet but first do self research on this token because it might be highly risky.

Read also: Cardano meme token $Nike seems unstoppable but Cardano founder is not happy