BNB (Binance Coin)$BNB is the native cryptocurrency issued by Binance, launched through an ICO (Initial Coin Offering) in 2017. Initially, it was an ERC-20 token based on the Ethereum blockchain, later migrated to Binance's own blockchain - Binance Chain. The primary use of BNB was to provide users with trading fee discounts on the Binance exchange, and as the ecosystem developed, its uses gradually expanded to include paying transaction fees, participating in decentralized finance (DeFi), purchasing NFTs, and paying for goods and services.
Zhao Changpeng (CZ) is the founder and CEO of Binance. He was born in Jiangsu Province, China, and moved to Canada during his youth. He has a strong background in computer science and has worked as a technical development engineer at the Tokyo Stock Exchange and Bloomberg. In 2017, he founded Binance and quickly developed it into a leading cryptocurrency trading platform globally.
Zhao Changpeng is referred to as 'CZ' due to his profound influence on the cryptocurrency industry. He is a pioneer in the crypto space, openly supporting blockchain technology and decentralization concepts. Despite achieving great success, he has also faced scrutiny and questioning from regulatory agencies in various countries.
View:
1. About BNB:
• Advantages: The BNB ecosystem is very extensive, covering multiple fields such as trading, DeFi, and NFTs, making it a powerful utility token. Furthermore, Binance regularly reduces the circulation of BNB through a 'burn mechanism', which helps its value grow in the long term.
• Risks: The price of BNB highly depends on the Binance ecosystem and CZ's management. If Binance encounters significant regulatory issues or a credibility crisis, the value of BNB may be severely affected.
2. About Zhao Changpeng:
• Positive Evaluation: CZ is a visionary entrepreneur who rapidly transformed Binance from a startup into a giant in the crypto space, demonstrating exceptional execution and technical capabilities.
• Negative Controversy: Binance faces compliance issues globally, and CZ's responses to certain events (such as regulatory reactions) have raised some questions.
Overall, BNB and Zhao Changpeng have made significant contributions to the development of the crypto industry, but they also come with certain risks and controversies.#加密市场回调
I must say that BNB has shown great investment value since I entered the crypto space! Binance is also where I made my first pot of gold! Thank you very much!!