$BNB Most people's confidence comes from the fluctuations in token prices.

Alright, it really has dropped now, and many people are pessimistic and looking for various reasons, such as unrestrained issuance of new tokens, fleecing investors, lack of innovation, market share dropping from 50% to 30%, and some even say that Binance will abandon BNB to create some new token. These rumors hit like a critical buff during the stock price drop.

Let's respond one by one.

1. Unrestrained issuance of tokens to fleece investors

Firstly, it’s not just Binance issuing new tokens; others are doing it as well. Why pick on Binance? Is it just because Binance has a plaza? I'm not really sure about the others, I looked for OKX and it seems they don't have it, and I don’t really use it much. Other leading exchanges might be okay, but those dodgy exchanges are truly risky; you know about the exit scams. They will take your money years down the line.

2. No innovation

Launchpool can be considered an innovative business for Binance, providing substantial returns to BNB holders.

What comes after this?

Actually, I think there is still innovation. For a recent example, the bfusd in contracts. For safety reasons, previous contract accounts had to hold more USDT to prevent price spikes. However, this large margin generated no returns. bfusd has effectively solved this problem and offers good returns, albeit dynamic ones. Overall, this is much better than the returns from USDT financial products, as the tiered returns only activate at 500 USDT; with larger capital, the returns on financial products are actually just 3-5%.

3. Market share dropped from 50% to 30%

I don’t know what dimension the person speaking these words is using to refer to this market share. From the most commonly used perspective of 24-hour trading volume, Binance's daily trading volume is around 30 billion USD.

It should basically account for around 40%, and I don't understand how a 30% market share came about.

A 50% market share is indeed an exaggerated figure in most industries. I recall Alibaba's 70% market share back in the day.

I can only say that the web3 industry is not yet fully competitive. With the development of the industry, competition will become fiercer in the future. Although Binance's market share may continue to decline, its scale will further expand.

Moreover, I want to say that web3 exchanges, due to the lack of regulation, will ultimately face security issues like whether users can withdraw tokens, which will be the top priority for users. Binance has the advantage of being a first mover and has built brand equity.

4. Absurd remarks, no response needed.

Conclusion: I still have confidence in Binance. Those who are complaining should save their energy and think about how to make money instead of venting.

I will continue to stick to my BNB plan. This year, I aim for 50 BNB. If the price reaches a suitable level, I will consider shifting more to the main market, possibly increasing to 100-150 BNB.

I think, from the time BNB was issued to the current state over the past few years, this situation is nothing compared to the crises experienced during these years.