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.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Solana co-founder Toly calls on encryption founders to conduct "disaster drills" every quarter.
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.