1. Since the end of 2016, the cryptocurrency community has started to talk about blockchain + concepts, including storage, finance, medical care, education, games, metaverse, etc.

2. In 2017, the ICO era was flourishing, and in the bear market of 2018, a few sparks escaped, including ethlend (aave) and filcoin, and the rest almost all returned to zero.

3. In early 2019, Binance entered the IEO era, and from this time on, Binance began to try various blockchain + concepts. It launched axs sandbox defi products, etc.

4. Until now, Binance is still trying various blockchain +, not only Binance, but the entire cryptocurrency market is trying various blockchain +, this concept. It's just that Binance is working harder, and at this point, he may realize that he has the responsibility to lead the industry to grow.

5. Rather than calling it Blockchain+, what it actually does is to lower the minimum threshold for retail investors to participate in investment.

6. Since the establishment of the Amsterdam Stock Exchange in 1602 by the Dutch East India Company, the threshold for retail investors to use their own funds to participate in market changes has become lower and lower. This lower threshold leads to: one advantage is that the lower entry threshold can make the capital more efficient, and the fully market-oriented behavior can make technological innovation more prosperous. One disadvantage is that the low threshold will also lead to a lower threshold for fraud. It can even be said mercilessly that most projects are fraudulent in the name of so-called technological innovation!

7. What Binance does, and what the entire blockchain market does, is essentially this: lowering the threshold for retail investors to participate in technological innovation. At the same time, it also greatly increases the risk of being deceived.

8. In 2018, there was an article about an interviewer asking CZ, what is the vision of Binance? CZ said it is the next Nasdaq. When I saw this article in 2018, I was shocked. But now looking back, he should have thought about the future direction of the entire blockchain market and Binance at that time. He understood that lowering the threshold for the general public to participate in the financial field is a historical trend.