Insight into the Cryptocurrency Industry: 90% of L1/L2 BD Teams Engage in Favor Swapping
Publication Time:2024-08-19 16:01:09
In a recent interview, Polygon's Chief Information Security Officer, Mudit Gupta, shed light on a widespread issue within the industry. He revealed that in Layer1 and Layer2 business development (BD) teams, there is a prevalent practice where team members, in their capacity as advisors, directly seek shares or airdrops from ecosystem projects as compensation. Such actions not only compromise project fairness and transparency but also pose a challenge to the ethical standards of the entire crypto community. Gupta pointed out that this phenomenon is not rare but rather a common occurrence within the industry. He stressed that if the media or the public wants to understand this issue more deeply, they can simply set up a pretend decentralized exchange (DEX) and then interact with different Layer1 and Layer2 BD teams to empirically confirm the validity of his claim. Gupta's comments have garnered significant attention and discussion within the industry, encouraging more people to reflect on the ethical and regulatory issues inherent in the cryptocurrency sector. This disclosure reminds industry practitioners that honesty and transparency are key elements in building a healthy and sustainable cryptographic ecosystem.
Airdrop
Cryptocurrency industry
Shares
Insight Disclosure
Favor Swapping