Xiaocong APP, August 22nd, by Long Yue. Please indicate the source when reprinting
Xiaocong APP, August 22nd, by Long Yue. Please indicate the source when reprinting.
Recently, Zhao Changpeng, the founder of Coin An, revealed to the public that 90% of Coin An's employees would choose to receive salary in the form of Coin An Coin. Before Coin An, there were already many cases of using cryptocurrency to pay salaries. Will this become a new trend in the cryptocurrency industry?
90% of employees in Coinage choose Coinage as their salary
Recently, Michael Arrington, co-founder and former editor in chief of investment firm CrunchFund, revealed on Twitter that Zhao Changpeng, CEO of Coin An, stated that 90% of Coin An workers' unions choose to receive their wages in the form of Coin An Coin.
Zhao Changpeng himself also forwarded this tweet:
In response, Forbes analyst Joseph Young stated on Twitter that he was surprised to see Coin Pay pay 90% of his salary using Coin Pay. Digital currency companies and projects must establish a case to promote the use of Token.
In fact, many companies had already adopted this method to pay employees before Coin On.
According to CCN, after venturing into Bitcoin mining, Japan's GMO Group has also provided employees with the option to receive salaries in cryptocurrency.
In addition, Overstock.com, the first retailer to accept Bitcoin (BTC) as a payment option in 2014, began offering employees the option of using Bitcoin as a salary as early as 2015.
What does this mean?
From the perspective of Coin An and its employees, this form of salary payment provides employees with more options, and it has a similar effect to the employee shareholding mechanism.
Coin An Coin is a platform currency issued by Coin An, and its price is somewhat correlated with Coin An's performance. If employees choose to receive wages in the form of coins and coins, it will to some extent encourage them to be more deeply bound to the company, thereby playing a motivating role for employees.
If up to 90% of employees voluntarily choose the latter between fiat and BNB, it means that the vast majority of Coin An employees are willing to bear the risk of a decline in BNB coin prices and are to some extent optimistic about the prospects of Coin An.
Under the tweet mentioned at the beginning of the article, netizens were full of gossip and conducted various analyses.
A netizen named AlailiAbdallah proposed a very interesting logic, believing that paying tokens to employees is not feasible in any case:
If the currency price rises, employees will become wealthy and therefore will no longer want to work. If the currency price drops, employees will either demand legal currency or switch jobs directly. The only way to solve these problems is to manipulate prices.
Some netizens believe that after receiving BNB, employees of Coin An will sell at least half of it because rent and daily living expenses cannot be paid with BNB.
In addition, on the forum, some netizens believe that one of the benefits of using Coincoin to pay salaries is that taxes are not required. However, this remains to be confirmed.
(More exciting stock information,)
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