PANews reported on May 26 that Solana co-founder Toly stated that the founders of encryption projects should conduct a “disaster drill” once a quarter, assuming the market experiences a big dump of 95% and lasts for 18 months. They should pre-plan strategies to cope with this, including: 1) the core products to focus on during this period; 2) the most suitable team to execute the task; 3) whether there is enough short-term US Treasury reserve to ensure survival. He emphasized that thinking ahead will help projects cope with potential winters.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.