Arthur Cheong, the founder and CEO of DeFiance Capital, has spoken out against token incentive strategies on an unnamed platform, labeling them as "large-scale pick-up artist (PUA) tactics" employed by project teams. Cheong expressed his concern that these strategies are not only ineffective but also lack transparency, leading to a lack of trust among investors and users.

During the DeFi Summer, these strategies were unable to outperform actual token incentives, Cheong pointed out. He also highlighted that Pacman's Blur created points for the more vulnerable NFT community, a strategy that is now being replicated by all project founders. Cheong's disapproval of such practices is a reflection of the growing concern within the industry about the transparency and effectiveness of token incentive strategies.

Cheong criticized the practice of giving people a large number of 'junk' points, publicly revealing the total supply in a non-transparent manner, and the ability to devalue at will. He also highlighted that while the project continues to collect revenue from its usage, it can use this metric to raise substantial VC funds. Cheong's comments reflect a growing concern within the industry about the transparency and effectiveness of token incentive strategies.

The lack of transparency in token incentive strategies is a significant issue, as it can lead to a lack of trust among investors and users. Cheong's criticism of these strategies is a call to action for project teams to rethink their approach and prioritize transparency and effectiveness. By doing so, they can build a more sustainable and trustworthy ecosystem for all stakeholders.

In conclusion, Cheong's comments highlight the need for project teams to rethink their token incentive strategies and prioritize transparency and effectiveness. By doing so, they can build a more sustainable and trustworthy ecosystem for all stakeholders.