Post
Title: Binance Life - Launch Day
On July 14, 2017, Binance went live. CZ waited so many years, and finally got the exchange up and running. What happened? BNB opened and tanked. Sell orders slammed the screen, while buy orders barely trickled in. Just hours ago, people were chasing him for limits, and now they’re all throwing shade. The chat was flying by, filled with “greetings” for his family. He said, “I don’t care about the hate, but there’s a pressure weighing on me—I’ve got thousands of people who believed in me and invested their money, and now they’re all in the red.” For those three weeks, the office was all-nighters. He went live every other day, and the chat was full of insults, but he kept going. He said, “I don’t want to hide behind PR and speak in corporate jargon. I want users to see—I'm here, we’re building something.” Some advised him to stop streaming, that the more he streamed, the more hate he’d receive. He replied, “Even if I get flamed, I have to stream. Users have lost money, at least they need to know what I’m doing.” Three weeks later, BNB finally started to rebound. A person who came out from the darkness endured the price drop, faced the users' wrath, and weathered regulatory pressure. It wasn’t painless, but he felt: the users’ money is at stake, he can’t just hide.
Planted seeds: Facing the heat + Accountability to users
#CZ #BinanceLife #FromZeroToHero
On July 14, 2017, Binance went live. CZ waited so many years, and finally got the exchange up and running. What happened? BNB opened and tanked. Sell orders slammed the screen, while buy orders barely trickled in. Just hours ago, people were chasing him for limits, and now they’re all throwing shade. The chat was flying by, filled with “greetings” for his family. He said, “I don’t care about the hate, but there’s a pressure weighing on me—I’ve got thousands of people who believed in me and invested their money, and now they’re all in the red.” For those three weeks, the office was all-nighters. He went live every other day, and the chat was full of insults, but he kept going. He said, “I don’t want to hide behind PR and speak in corporate jargon. I want users to see—I'm here, we’re building something.” Some advised him to stop streaming, that the more he streamed, the more hate he’d receive. He replied, “Even if I get flamed, I have to stream. Users have lost money, at least they need to know what I’m doing.” Three weeks later, BNB finally started to rebound. A person who came out from the darkness endured the price drop, faced the users' wrath, and weathered regulatory pressure. It wasn’t painless, but he felt: the users’ money is at stake, he can’t just hide.
Planted seeds: Facing the heat + Accountability to users
#CZ #BinanceLife #FromZeroToHero