The platform ensured it gained’t be a gatekeeper, however that it’s additionally not right here to unfold hate.
A proliferation of racist tokens has pushed DEX Screener, a real-time DeFi token analytics platform, to overview its token profile moderation coverage.
“We’ll be reviewing our token profile moderation coverage within the coming days,” mentioned the platform’s X account, including that it, “will not be the gatekeepers of what occurs on-chain, however we’re positively not right here to unfold hate.”
The announcement, made late Friday, March 22, got here as quite a few unsavory token profiles started popping up on the platform–most of that are surfacing on Solana.
A few of these embody derogatory phrases and symbols primarily based on race and faith, in addition to different hateful language.
Permissionless for Good or Unhealthy
Racist memecoins spotlight an odd scenario within the cryptocurrency area. For one, it exhibits an unpleasant underbelly within the ecosystem, with individuals inquisitive about creating and buying a lot of these tokens.
In the meantime it additionally exhibits the permissionless nature of open blockchains, and the very fact the know-how permits the liberty to create something a developer or consumer needs–for good or dangerous.
Memecoins have taken the cryptocurrency ecosystem by storm in current months.
Some, like DogWifHat and E-book of Meme, have climbed the market cap ladder extraordinarily shortly. The previous trades for $2.21 with a $2.2 billion market cap, whereas BOME–which reached a $600 million market day in much less than two days–now sits at $800 million, buying and selling for $0.01.
