Binance CEO CZ Talks Decentralized Exchanges, Launchpad, BNB Price and More in AMAIn the second "Ask Me Anything" live session, Binance CEO Changpeng Zhao, known as CZ, answered questions about decentralized exchanges, the Binance ecosystem, and other topics. He also shared Binance's vision for the future
Binance CEO CZ Talks Decentralized Exchanges, Launchpad, BNB Price and More in AMA
In the second "Ask Me Anything" live session, Binance CEO Changpeng Zhao, known as CZ, answered questions about decentralized exchanges, the Binance ecosystem, and other topics. He also shared Binance's vision for the future.
On "Delisting"
CZ spoke about the criteria and process behind Binance's delisting of tokens, emphasizing the platform's rigorous screening and evaluation process. He explained that Binance assesses projects based on criteria such as team, product, and user base before listing them. If a project doesn't meet the standards within a certain period, Binance will delist it without prior notice.
CZ explained the necessity of delisting, acknowledging that it could harm Binance itself. However, he believes that such decisions are crucial for maintaining the health of the market. In the long run, he emphasized that a project's value should be determined by its performance, not short-term price fluctuations.
On "Binance Launchpad"
CZ delved into the workings of Binance Launchpad. He stressed that Launchpad's objective is not only to help promising projects raise funds but also to enhance their visibility and exposure. Launchpad employs a "first-come, first-served" token distribution mechanism to ensure fairness.
Addressing misconceptions about Launchpad, CZ openly stated that Binance doesn't reserve any tokens for itself or individuals, nor does it engage in insider trading through the platform.
On "Criticism"
CZ acknowledged Binance's receptiveness to criticism, particularly constructive feedback. He highlighted the importance of community interaction and assured users that Binance would strive to address their feedback. However, he chooses to ignore negative comments, believing that focusing on growth is more meaningful.
On "BNB Price"
CZ refrained from making any price predictions, recognizing the difficulty of valuing cryptocurrencies. He believes that BNB's value should be determined by its utility, emphasizing Binance's ongoing efforts to increase BNB's use cases, including payment for flights, hotel bookings, and mortgages.
On "Binance Chain and Binance Decentralized Exchange"
CZ explained the features of Binance Chain and the level of decentralization in the Binance Decentralized Exchange. He emphasized that Binance Chain is a fast and cost-effective blockchain and encouraged other ERC-20 projects to migrate to it. He also introduced Binance Chain's bug bounty program, rewarding users who discover vulnerabilities in its testnet.
CZ also outlined the future direction of the Binance Decentralized Exchange, aiming to make it more popular than any centralized exchange.
On "Binance Charity"
CZ explained that Binance Charity Foundation focuses on supporting transparent charitable projects, requiring all charitable activities to be tracked on the blockchain. He shared the foundation's future direction and the projects it currently supports.
On "Binance Incubator"
CZ introduced Binance Incubator's investment philosophy and its global expansion plans. He mentioned that Binance Incubator focuses on investing in infrastructure projects that contribute to the development of the blockchain ecosystem.
On "Binance's Vision"
CZ stated that Binance's ultimate goal is to become a fundamental infrastructure provider in the blockchain space, offering high-quality services in areas such as trading platforms, decentralized exchanges, and wallets.
On "Other Topics"
CZ also answered questions about trading fees on Binance Jersey, the development of fiat exchanges, the removal of the iOS app, and shared his insights on Ripple and Tesla.
Conclusion
CZ announced the intention to host regular "Ask Me Anything" sessions to facilitate deeper communication with the community.
Disclaimer: This content does not constitute investment advice.
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