How a Tutorial Token Became Real

A “tricky” situation on the BNB Chain led to the launch of an accidental crypto token that has gained notable traction.

Binance founder Changpeng Zhao (CZ) has shared an amusing incident involving a “tricky” situation on the BNB Chain that led to the accidental launch of a crypto token. In an X post on Friday, CZ shared how a BNB Chain team member explained the events surrounding the token, named TST.

According to CZ, the BNB Chain team created TST for a tutorial on launching meme tokens on the four.meme platform. However, unexpectedly, a Chinese community KOL picked up on the TST token included in the tutorial video and began trading and promoting it. By the time the BNB Chain team member reported the incident to CZ, the token had already reached a market cap of $494,560.

“A BNB Chain team member just told me this: We did the step by step video education for launching meme token on https://t.co/74psayTeug platform.

In this video, we launched a token named TST as the example.

When we posted the education video yesterday,… https://t.co/lD77CaQDCj

The team member then proceeded to delete the video, although CZ noted that it might be too late for that, considering how the internet stores data. He then joked that they should re-upload the tutorial video since taking it off the internet wouldn't change the situation.

CZ also included a disclaimer in his post, emphasizing that he was merely sharing the information and not endorsing the token in any way. He clarified that the BNB Chain team member had deleted the private key for the creator address used in the tutorial, which holds 0.13% of the TST token. As of when CZ posted, no member of the Binance team held any of the TST tokens.

Situations like these highlight the decentralized nature of the crypto ecosystem, which is often evident in the organic rise and market activity of certain cryptocurrencies. It is important to note that the rapid rise and fall of crypto assets can be influenced by various factors, including community engagement, market speculation, and hype. While some cryptocurrencies may gain significant traction and value, others may not fare as well. Ultimately, it is recommended to approach crypto investments cautiously and conduct thorough research before making any decisions.