The cryptocurrency market's major disaster on October 11 caused harm to many people, but Binance launched the "Same Boat Initiative"—an action for industry recovery and rebuilding confidence: investing $400 million to help the industry recover and rebuild confidence.

We won’t focus on the $100 million low-interest loans for institutions, as we are not institutions,

The benefits for us ordinary retail investors are that Binance's "$300 million User Seed Program" will distribute USDC vouchers valued at a total of $300 million to some affected users, with amounts randomly ranging from 4 USDC to 6,000 USDC, as detailed in the rules shown in the image,

As mentioned in the announcement, this may not improve users' lives, but these are seeds of hope.

Surely someone will say, why are we flattering them for a little benefit?

If we don’t flatter the industry leaders, should we flatter those at the bottom of the rankings?

The cryptocurrency industry is famously rife with black swans; any platform could encounter issues. What matters is the attitude after problems arise—can they acknowledge it, can they provide compensation,

Do you remember which platform's market maker clearly had their own issues, losing tens of millions to users? How did they treat their users?

Banning accounts, pursuing claims, sending lawyer letters.

Regarding Binance's issues with the USDE withdrawal, Binance did not wait for an investigation to resolve the issue for users; instead, they stepped forward to provide compensation immediately and initiated the "Same Boat Initiative." As He Yi said: "I hope the relief plan can give users injured by the crash a chance to start anew."

They have done everything they should and shouldn’t do; achieving this level, they can bear the title of industry leader.😃😃😃