"Is Li Bi cutting suckers?" In an exclusive interview, Wang Zhian, the largest anti-Communist KOL overseas, Li Laoshi, revealed that the issuance of Li coins was actually inspired by DeSci.

Earlier this month, Li Laoshi, a Chinese artist residing in Italy and one of the biggest anti-communist KOLs, announced the issuance of the cryptocurrency $Li through Pump.fun. Li Laoshi stated that this is to ensure the operational funding of the team is independent, and a transparent foundation will be established in a multi-signature format. The team holds 25.8% of $Li Tokens and will only sell tokens to cover operating costs. Recently, another overseas KOL, Wang Zhi'an, interviewed Li Laoshi, discussing the controversies surrounding the event and the details of the coin launch.

(Decentralized self-rescue! Overseas anti-communist KOL Teacher Li escapes censorship with $LI coin)

The sale of coins is only used to maintain operations, is Li Coin Politifi 2.0?

After the white paper movement, the Twitter account 'Teacher Li is not your teacher', which gradually became overseas understanding of the situation in China, announced on the 18th that it will issue $Li through Pump.fun. The main reason is that the team's funds have been suppressed by the Chinese Communist Party, and to maintain independent operation, they need to raise additional funds. Therefore, the issuance $Li establishes a foundation to support teams with ideal aspirations. The Snowflake Foundation, which operates the Twitter account, holds 19.5% of the coins, Teacher Li himself holds 2% of the coins, and the rest of the team members hold 4%.

Teacher Li stated that the foundation will only sell coins to cover operating costs, and any team or individual with ideals and aspirations can showcase their projects in the community, and then the $Li holders will vote to decide whether to provide support. The goal is to become a decentralized overseas Chinese community. As for the launch coin, only one engineer familiar with the coin circle in the team was informed. On the night before the launch coin, Teacher Li even taught other members how to use the Solana wallet.

Inspired by DeSci, $Li will be used for team operations and support KOLs.

During the interview, Wang Zhian, who has a background in journalism, constantly questioned why Mr. Li chose to launch a coin instead of making a profit from his YouTube channel with 300,000 followers. Mr. Li explained that he doesn't like to speak in videos; he sees himself more as a writer, and YouTube is not his career. Wang Zhian suggested that he could delegate video production to his team, but the current output quality of the team is not satisfactory.

As early as during the White Paper Movement, some people suggested to him to launch coin, but the decision to launch coin was made when his address in Italy was discovered some time ago. Under the constant questioning of Director Wang, he also revealed that the monthly operating cost is about 15,000 euros. Some people have also dug up Professor Li's past belief that all Cryptocurrencies are fraudulent, but he said that after continuous understanding, he began to believe that Cryptocurrency is the future. The establishment of the foundation for issuance $Li was inspired by the prevailing DeSci some time ago.

Because DeSci's operating model also raises funds through issue coin and invests them in scientific research.

(What is DeSci? The BIO Protocol ecosystem guide synchronized by Vitalik and CZ.)

In response to community questions about the second launch coin, Teacher Li said that the first launch coin was affected by robot holdings.

Regarding the community's doubts about the previous issuance of $Li Coin, Mr. Li stated that after the creation of the first version, he originally planned to wait until December 18th to make it public, and he already held 25% himself. However, after the launch of the coin, it was involved in trading by bots, so he decided to abandon this version and sell the tokens he held. It was not until December 18th that the Token was reactivated on Pump.fun and the news was made public.

However, there are more doubts than trust under the interview video towards Teacher Li. If you are interested, you can click the video to watch.

This article "Li Coin Harvesting Leeks?" Wang Zhian interviews the overseas largest anti-communist KOL, Teacher Li: issuance Li coin was inspired by DeSci and first appeared in Chain News ABMedia.