CZ 🔶 BNB
@cz_binance
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@binance co-founder and former CEO, holder of #bnb #btc
Joined August 2017
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Pinned Tweet
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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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". 🙏
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Two big lessons:
1: Never use a token you created as collateral.
2: Don’t 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
.🙏
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I'm giving away a DOGE Tesla & $50,000 in $DOGE. Which do you want?
To enter:
🔸Retweet
🔸Follow
@elonmusk
,
@binance
,
@cz_binance
🔸Have a KYC'd Binance account
🔸Tweet the prize you want & why with hashtags
#DOGEorTesla
&
#Binance
Our favorite answer from each 'team' will win.
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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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Elon probably did not research how much energy is required to run other (non crypto) currencies that Tesla accepts. 😂
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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 USD₮ Reaches All-Time High, Surpasses Previous Market Cap High of $83.2B
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We are truly saddened by the earthquake in Turkey 🇹🇷. 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. 🙏
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It may take some effort, but what else have we got to do?
Let's rebuilt.
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Banks refusing to work with crypto are like bookstores refusing to work with the internet.
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If you have to pick a fight with everyone, maybe you are the one at fault. 🤷♂️
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Greater power with great responsibility, great.
Great power with random “humor”, not great, and not funny.
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Launching a new project.
No, no new tokens.
Education project.
More details soon…
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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. 🙏
@BinanceBCF
#BNB
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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
🙏
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When you use electricity to run cars, it’s environmentally friendly.
When you use electricity to run the most efficient financial networks in the world, it’s an environmental concern.
😂🤷🤷♀️
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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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I am not smart.
I am not good-looking.
I don’t 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! 🙏🙏🙏
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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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It's not the end of crypto. Far from it. It's the beginning of a new chapter.
Just noted today’s crypto price for future reference.
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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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Remember:
Maximum greed happens at top.
Maximum fear happens at bottom.
Not financial advice. Just stating a fact.
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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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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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HODL = Hold on for dear life.
I only learned this only 3 days ago. Learn something new everyday. 😂
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It's mathematically impossible to print trillions without inflation. 🤷♂️
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Time to take care of our users. 🇹🇷❤️
#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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In non-English speaking countries, knowing English often doubles people's income. Read it somewhere.
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1. At
#Binance
we prioritize user protection. We made the decision to suspend LUNA and UST trading. Here's why.
A thread 👇
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No value is created by issuing a coin. Value is created when people use it.
Build use cases.
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In bear markets, it is actually easier to spot the weak projects, and founders who are money driven instead of mission driven.
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Appreciate the support. But will try to stay off twitter for a while. 🙏
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The "news" title is bad. Article itself isn't so bad actually (but who reads). It described how
@binance
collaborated with law enforcement agencies to fight bad players, but somehow made it look like a bad thing... 🤔 Anyways. Back to work.
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“My” first computer. Dad paid $7000 CAD for this x286, a few months of his salary in 1990. It remains the most expensive computer we/I ever bought. Looking back, it definitely helped start me on the right track. I’m forever grateful. 🙏
So here it is. The second, and craziest video I've made with Midjourney AI.
"When CZ meets Schwarzenegger" 🔥
Starring:
@cz_binance
and
@Schwarzenegger
💪
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So much FUD today.
It's a pain for some, an opportunity for others.
NFA.
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4.
Our team is all standing by, ensuring systems are stable, including withdrawals, and deposits.
We will issue a response once we see the complaint. Haven't seen it yet. Media gets the info before we do.
🙏
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When I was working at McDonald's, I made $4.5/hr.
30 years ago, in Vancouver.
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What are some of the best apps for kids (not adults) to learn English for the first time?
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