My story with 10000 BNB
In June 2017, the price of BTC reached nearly 20000 RMB each, and market sentiment was exceptionally high. The ICO chaos was rampant, and any newly issued project could be valued over 100 million. A small exchange called Binance was also born during that time.
At that time, OKCoin and Huobi, the two major exchanges, long held the first and second positions in global trading volume. CZ Zhao Changpeng, who had served as CTO at OKCoin, decided to establish Binance Exchange.
In June 2017, Binance Exchange announced it would issue its platform token BNB through an ICO. The ICO webpage attracted many big names in the crypto circle as advisors, and this star exchange project led by Zhao Changpeng became the hottest ICO project at the time.
On June 24, 2017, I became one of the first users of Binance.
On June 25, the ICO for Binance BNB officially began, and I successfully grabbed 10000 BNB as I wished.
The rules of Binance were that each person was limited to purchasing 10000 BNB, with a price of 0.5 BTC for 10000 BNB. At that time, the price of 1 BTC was between 17000-19000 RMB, and the price of 1 BNB was approximately 0.9 RMB, which means over 9000 RMB for 10000 BNB.
Soon BNB started trading, but due to the poor overall market, the coin price once fell below its issue price. A month after BNB started trading, I exchanged 10000 BNB for 0.46 BTC.
The story that followed:
In 2018, the highest price of BNB was 120 RMB.
In 2019, the highest price of BNB was 230 RMB.
In 2021, the highest price of BNB was 4400 RMB.
As of today in 2022, I have missed out on 4400 million RMB at most.
After the price of BNB reached 120 in 2018, my understanding was completely refreshed because the feeling of missing out is much harder to bear than a loss.
#势不可挡的币安社区
Ah, life.