Binance founder Zhao Changpeng seeks community opinion: Where will the 1 million BNB donation go?
Binance founder Zhao Changpeng (CZ) faces a major decision: how to donate more than $1 million in BNB tokens? This huge sum comes from the BNB donation wallet, which is intended to help victims of the meme coin price crash. CZ sent a signal for help to the BNB community on social media, hoping to find the most appropriate donation method.
CZ revealed that he has donated $100,000 (150 BNB) from the fund pool, and this good deed has been supported by the majority of community members. However, in the face of such a huge donation, CZ does not intend to decide how to use the funds alone. Instead, he hopes to listen to the opinions of the community and find the best solution together.
Community members have made suggestions, among which non-profit donations are favored. CZ also expressed similar ideas, but emphasized that the organization receiving the donation must support cryptocurrency and have a transparent mechanism for funds. This means that the donation should not only help those in need, but also promote the development of cryptocurrency.
In addition to non-profit donations, CZ also considered several other options. One is to use part of the funds to destroy tokens, which may increase the value of BNB. Another is to deploy funds into liquidity pools to indirectly give back to the community. CZ believes that these options are feasible, but the best way may be to adopt a hybrid approach that combines the advantages of multiple options.
Although the airdrop plan has gained some support in the community, CZ believes that it is difficult to implement. He predicts that the selection of individuals who meet the airdrop conditions will cause heated debate, so this plan is not optimistic.
Now, CZ is looking forward to more suggestions from community members. This discussion about the 1 million BNB donation is not only about how to help victims, but also about how to promote the unity and development of the cryptocurrency community
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