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Korea-based Steemhunt has accused Binance of stealing their product concept for Chatcasso to launch the change’s AI product- Bicasso.
Main crypto change Binance launched the beta model of Bicasso on March 1. The AI product was designed to permit customers to simply flip their photos and texts into NFTs utilizing AI know-how.
Binance accused of copying Chatcasso
In keeping with Steemhunt member- ggoma, the staff pitched the concept for Chatcasso in the course of the BNB Chain hackathon held in Seoul again in December 2022.
Chatcasso won first place within the BNB hackathon and acquired the profitable worth of $5,000.
“We have been ecstatic, to say the least. We thought our arduous work paid off, and that we had an important product basis we may hold constructing on.
Nevertheless it looks like Binance had different plans,” ggoma stated.
Barely two months after, Binance allegedly copied Steemhunt’s product concept and launch their AI product- Bicasso.
Ggoma expressed dissatisfaction with Binance’s transfer and complained that the similarity within the product names and options will confuse customers and hamper the expansion of their innovation.
The Steemhunt staff has known as on Binance and its CEO Chengpeng Zhao to take the required steps to proper their wrongs.
Credit score ought to be given to Steemhunt
Members of the crypto group have expressed dissatisfaction over Binance’s method to launching Bicasso.
Some Twitter customers stated that Binance ought to have a minimum of given due recognition and credit score to the staff earlier than copying their concept.
A Twitter user- Zilliboka- stated that small companies should be protected to keep away from circumstances of stealing their concepts with out compensation.
“Small companies deserve safety and folks’s concepts ought to be revered. If not innovation will undergo,” he added.
Some customers have additionally acknowledged they’d not assist Binance and its Bicasso venture as a consequence of Chatcasso’s declare.
As of press time, neither Binance nor its CEO Changpeng Zhao has responded to the general public allegations trailing Bicasso’s launch.
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