Korea-based Steemhunt accuses Binance of copying Chatcasso to launch Bicasso

    Korea-based Steemhunt has accused Binance of stealing their product thought for Chatcasso to launch the alternate’s AI product- Bicasso.

    Main crypto alternate Binance launched the beta model of Bicasso on March 1. The AI product was designed to permit customers to simply flip their pictures and texts into NFTs utilizing AI know-how.

    Binance accused of copying Chatcasso

    In keeping with Steemhunt member- ggoma, the workforce pitched the thought for Chatcasso in the course of the BNB Chain hackathon held in Seoul again in December 2022.

    Chatcasso gained first place within the BNB hackathon and acquired the profitable value of $5,000.

    “We were ecstatic, to say the least. We thought our hard work paid off, and that we had a great product foundation we could keep building on.
    But it seems like Binance had other plans,” ggoma mentioned.

    Barely two months after, Binance allegedly copied Steemhunt’s product thought and launch their AI product- Bicasso.

    Chatcasso vs 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 workforce has known as on Binance and its CEO Chengpeng Zhao to take the mandatory steps to proper their wrongs.

    Credit score needs to be given to Steemhunt

    Members of the crypto group have expressed dissatisfaction over Binance’s method to launching Bicasso.

    Some Twitter customers mentioned that Binance ought to have at the very least given due recognition and credit score to the workforce earlier than copying their thought.

    A Twitter user- Zilliboka- mentioned that small companies need to be protected to keep away from circumstances of stealing their concepts with out compensation.

    “Small businesses deserve protection and people’s ideas should be respected. If not innovation will suffer,” he added.

    Some customers have additionally acknowledged they might not assist Binance and its Bicasso venture on account 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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