CZ ๐ถ BNB
@cz_binance
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DM: https://t.co/ITLXkxVNyN (fees go to charity) @BNBchain, @YZiLabs, @GiggleAcademy, ex-@binance.
Joined August 2017
Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself. Binance is no longer a baby. It is.
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Will try to keep 2023 simple. Spend more time on less things. Do's and Don'ts. 1. Education.2. Compliance.3. Product & Service. 4. Ignore FUD, fake news, attacks, etc. In the future, would appreciate if you can link to this post when I tweet "4". ๐.
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Two big lessons: . 1: Never use a token you created as collateral. 2: Donโt borrow if you run a crypto business. Don't use capital "efficiently". Have a large reserve. Binance has never used BNB for collateral, and we have never taken on debt. Stay #SAFU.๐.
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My next project. @GiggleAcademy (No logo yet). Free basic (grade 1-12 ish) education, for all. No revenue. Gamified. Adaptive. Read the Concept Paper at We are HIRING. Small team, work directly with CZ.
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gm, the food taste so good. And what a luxury to be able to have more than one piece of fruit per day!. I know some of you may have a lot of questions. I won't have all the answers. Let me chill for a bit. Then figure out the next steps. There are always more opportunities in.
gm.
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I'm giving away a DOGE Tesla & $50,000 in $DOGE. Which do you want?. To enter:.๐ธRetweet.๐ธFollow @elonmusk, @binance, @cz_binance.๐ธHave a KYC'd Binance account.๐ธTweet the prize you want & why with hashtags #DOGEorTesla & #Binance. Our favorite answer from each 'team' will win.
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Come and show us.
We're not just rebrandingโwe're refocusing. From BNB Incubation Alliance to #BNBDemoDay, weโre going all-in on helping startups achieve real success, with support from the MVB program & top VCs. Join us in Dubai ๐ . This event is sponsored by:
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I would like to thank everyone for your care and support, be it writing letters, showing support on X, or in any other form. They all mean a lot to me and keep me strong. I will do my time, conclude this phase and focus on the next chapter of my life (education). I will remain a.
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I am not against memes, but meme coins are getting "a little" weird now. Let's build real applications using blockchain.
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This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
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To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis. More details to come soon. In the meantime, please contact Binance Labs if you think you qualify. 1/2.
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Everyone expects everything to happen in one day. ๐. Good things take time.
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All crypto exchanges should do merkle-tree proof-of-reserves. Banks run on fractional reserves. Crypto exchanges should not. @Binance will start to do proof-of-reserves soon. Full transparency.
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In the spirit of transparency, might as well share the actual note, sent to all Binance team globally a few hours ago.
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It was not easy saying no to Super bowl ads, stadium naming rights, large sponsor deals a few months ago, but we did. Today, we are hiring for 2000 open positions for #Binance.
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Tweets that hurt other people's finances are not funny, and irresponsible.
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BUSD, a fully regulated stablecoin, was "capped" (no new minting) by NYDFS at $23b. Now at $5b market cap. Since then, USDT has seen tremendous growth.
Tether USDโฎ Reaches All-Time High, Surpasses Previous Market Cap High of $83.2B.
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It may take some effort, but what else have we got to do?. Let's rebuilt.
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We are truly saddened by the earthquake in Turkey ๐น๐ท. Our team has been working on a solution to help the people. There are quite a few details. I have had 4 meetings on it today. More details to come. Stay strong. ๐.
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Banks refusing to work with crypto are like bookstores refusing to work with the internet.
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Launching a new project. No, no new tokens. Education project. More details soonโฆ.
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US Strategic Bitcoin Reserve, pretty much confirmed. Crypto moving at crypto speed again.
Honored to chair the Senate Banking Subcommittee on Digital Assets.
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If you have to pick a fight with everyone, maybe you are the one at fault. ๐คทโโ๏ธ.
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Greater power with great responsibility, great. Great power with random โhumorโ, not great, and not funny.
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Another oxygen tank leaving from Singapore port to India. I am told each one can help save about 6000 lives. More on the way. Made possible by #BNB and your support. Proud to be a Binancian. ๐. @BinanceBCF #BNB
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Mashallah ๐
Inshallah.
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Unpopular opinion: ๐. All governments should track all their spending on the blockchain, an immutable public ledger. It's called "public spending" for a reason.
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๐ Don't dream. Keep building!.
@Rhythmtrader Keep dreaming. Bitcoin is never going to hit $100,000!.
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FTX aside, avoid businesses/exchanges/projects that:. - are not profitable (musical chairs).- survive by selling their own tokens.- give high incentives for locking your tokens .- have a large total supply, but only a small circulation supply.- involves loans. Stay #SAFU ๐.
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When you use electricity to run cars, itโs environmentally friendly. When you use electricity to run the most efficient financial networks in the world, itโs an environmental concern. ๐๐คท๐คทโโ๏ธ.
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There will only be 21 million bitcoins to ever exist. 19.8 million bitcoins have been mined. Controlled by math.
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Have you ever thought to yourself, "I wish I had. ". bought bitcoins early.bought the dip.held.learned about crypto early.ignored FUD. But when the opportunity presents itself again, will you act?. Today is earlier than all the days to come. ๐คทโโ๏ธ. Not financial advice.
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Some updates on @GiggleAcademy. We got a team of 10 now. Some part time, some full time. All remote. We have calls together 3 times a week, in addition to adhoc smaller chats. Hiring is on-going. I do a dozen interviews a week. We are targeting a 15 people team initially. We.
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What a sh!t show. And it's going to be crypto's fault, (instead of one guy's fault).
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As #bitcoin make successive new all time highs, apply proper risk management. There will be many dips (and highs) in the future. Make sure you can handle them. Control your greed. Don't put all your eggs in one basket. Ape slowly.
If you can't hold, you won't be rich.
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It's not the end of crypto. Far from it. It's the beginning of a new chapter. Just noted todayโs crypto price for future reference.
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I am not smart. I am not good-looking. I donโt have (fiat) money. I am not good at most things. I bond people together, even though I am bad at socializing too. Thank you for your support and follow! ๐๐๐
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10 years ago today, I quit my job, sold my house, and aped into #bitcoin. No, I am not saying you should do the same. Many people asked, how could you take such risks? Me, I knew I could easily get a job. Everyone's risk profile is different. Learn risk management.
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Two year ago this week, bitcoin price was at a low of $16,000. Many were panicking. A few kept building.
#bitcoin is not dead. We are still here.
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Slap yourself, . if you sold #BTC under $100,000.
Slap yourself,. if you sold $BTC under $10,000.
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Remember:. Maximum greed happens at top. Maximum fear happens at bottom. Not financial advice. Just stating a fact.
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They didn't sue FTX.
Being sued by the SEC used to mean you probably did something wrong. Now it means you're probably doing something right.
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Them: congrats! you made a lot of money on bitcoin, right?. Me: No, not exactly. I still have the same number of bitcoins. It's just that everything else became a little cheaper, relative to bitcoin.
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Unpopular opinion:. In crypto, too much money is spent chasing small, quick gains. Focus on ethical teams that build for the long term. Big money is built slowly with stamina.
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No, I currently have no plan to make a meme coin. But I am guessing a few other country leaders might be thinking about it. $71 billion FDV! ๐
@cz_binance I am waiting for a CZ coin now.
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You know how some people say, "oh, he is so lucky that he bought bitcoins so early"?. Well, what you are feeling now is the pain that we had to endure many times before too. Hold is never easy.
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4 years ago today. Some things never change. ๐.
If you can't hold, you won't be rich.
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Waiting for the new headline: #Bitcoin "CRASHES" from $101,000 to $85,000. Save the tweet.
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I will be attending the Binance Blockchain Week in Dubai on Oct 30-31, in my personal capacity. Itโs one of the biggest web3 events of the year. See you there. โ.
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In non-English speaking countries, knowing English often doubles people's income. Read it somewhere.
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Liquidating our FTT is just post-exit risk management, learning from LUNA. We gave support before, but we won't pretend to make love after divorce. We are not against anyone. But we won't support people who lobby against other industry players behind their backs. Onwards.
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Happy Thanksgiving! ๐ฆ. No need to FUD. All good now. ๐
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Time to take care of our users. ๐น๐ทโค๏ธ. #Binance to Airdrop $100 USD in BNB to Users in Turkey Earthquake Regions. Total roughly $5m USD (94m TRY). More efforts still being worked on.
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It's mathematically impossible to print trillions without inflation. ๐คทโโ๏ธ.
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The FOMO is just starting. .
Everyone has FOMO. Just do it responsibly. ๐.
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