Disclaimer: This article does not constitute any investment advice.Editor: Remember to follow meCompilation: MoonCoin An encourages the project team to relocate to BinanceChainOn March 5th, Zhao Changpeng, CEO of Coin An, gave a brief introduction to a series of products such as BinanceLaunchpad, BNB, and BinanceDEX during the video Q&A event (AMA)
Disclaimer: This article does not constitute any investment advice.
Editor: Remember to follow me
Compilation: Moon
Coin An encourages the project team to relocate to BinanceChain
On March 5th, Zhao Changpeng, CEO of Coin An, gave a brief introduction to a series of products such as BinanceLaunchpad, BNB, and BinanceDEX during the video Q&A event (AMA).
1. Project delisting
Zhao Changpeng first talked about the delisting issue of the project. He said, "To prevent unethical teams from short selling tokens, Coin An will not issue a delisting notice in advance. We will strictly keep the information confidential until the delisting notice is issued, and users will not see a sharp decline in the coin price. Although delisting may damage the coin price in the short term, in the long run, the level of the coin price is determined by the quality of the project itself
When it comes to measuring standards for a project, Zhao Changpeng believes that if your user base is large enough, it means that most users are using your service or product, which also indicates that your projectHas practical valueAnd this is the simplest criterion for determining whether a project has value.
2.BinanceLaunchpad
On January 28th, BTT completed its first token sales on the BinanceLaunchpad platform, earning a net profit of $7.1 million and selling 50 billion tokens within 15 minutes.
Since then, with the potential advantages of its mainstream crypto exchanges, King'an has fully stimulated the exposure of ICO projects, thus promoting tokens to market. And this precisely confirms Zhao Changpeng's evaluation of BINANCELAUNCHPAD: "Basically, BINANCELAUNCHPAD is a platform aimed at helping high-quality project fundraising, but its role is not only for fundraising, we hope it can help project parties improve exposure and market recognition
according toMars Finance (WeChat: hxcj24h)Observation: Fetch. AI (FET) was sold out by users within 22 seconds after launching BinanceLaunchpad on February 25th.
During the event, Zhao Changpeng clarified, "If we want to obtain profit distribution from certain projects, we are fully capable of obtaining more resources, so we believe there is really no need to share profits with users
Public sales are really just about selling tokens to the public. If we want to give tokens to a large number of 'whales', such as wealthy BNB holders, we can do so without affecting public sales, but in reality we haven't done so
BNBaccording toBNB
3. BNB Price and Application Scenarios
Zhao Changpeng admitted that he does not want to make any predictions about prices. He believes that the changes in prices are basically related to the psychology of the masses, and group psychology often overreacts.
In addition, he pointed out that BNB is not a security token, but a practical token.
Subsequently, Zhao Changpeng talked about the application scenarios of BNB. He pointed out that "users can use BNB in many places, they can use it to buy air tickets, stay in hotels, serve as collateral for loans, and so on
He stressed that BNB will soon become the original token on BinanceChain, and BinanceChain's main application is BinanceDEX.
4. BinanceChain and BinanceDEX
Zhao Changpeng encourages other ERC-20 projects or ERC-20 tokens to migrate to BinanceChain.
In his view, BinanceChain is a faster chain that will reduce network congestion and lower transaction costs. In addition, creating tokens on BinanceChain is very easy.
In the video, Zhao Changpeng once again reiterated that Coin An will provide marketing services to the cooperating project parties, linking the brand reputation of both parties.
It is worth mentioning that Coin An will reduce coin issuance fees, and may even reduce coin registration fees, and provide subsidies for projects transferred to BinanceChain. Currently, approximately 8 projects have been confirmed to relocate to BinanceChain.
In addition, in order to reduce the number of fraudulent projects, BinanceDEX, a decentralized exchange on Coin An, will increase its coin listing fee, which is expected to be nearly $100000.
Original source:
https://www.binance.com/en/blog/309684261033291776/AMA-with-CZ-On-Delisting-DEX-Launchpad-and-More
Mars Finance (WeChat: hxcj24h)
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