#BNB年度大会 BNB Annual Shareholders' Meeting concludes. The 10 core Q&A points from CZ.
1️⃣ How does it feel to be pardoned?
CZ: Psychologically finally 'cleared', but life hasn't changed, still working from home.
2️⃣ What are you busy with every day now?
Giggle Academy: Free education platform, 60-person team, has served 90,000 children.
YZ Labs: $10 billion ecosystem fund, has invested in nearly 70 projects.
BNB Ecosystem: No longer writing code, focusing on mentoring young entrepreneurs.
Government adviser: Discussing crypto regulation with over ten countries.
3️⃣ What data are you most proud of in 2025?
Giggle Academy: 90,000 students.
BNB Chain: Trading volume up +600% year-on-year, DAU 2.4 million.
Binance: 200 million users.
Crypto penetration rate <1%.
4️⃣ Why invest in multiple prediction markets at the same time? Is it 'horse racing'?
It's not horse racing, it's an 'open garden'.
The market needs multiple platforms.
YZ Labs principle: No exclusive investments.
In the early stage, only look at whether the team can run fast and iterate quickly.
Three points of logic: Competition enlarges the market, use the market to validate the features that users truly need, good products ≠ guaranteed success, diversifying bets is more rational.
5️⃣ What will be the next battlefield for prediction markets?
Short term: Competing in execution.
Long term: Competing in endurance + sense of mission.
6️⃣ Overview of the stablecoin war: 1.0 has ended, 2.0 has not yet begun.
Stablecoin 1.0
USDT model. No yield, all dividends go to the issuer.
Stablecoin 1.5 starts to provide yield (like USDe).
But liquidity and exchange support are limited.
Stablecoin 2.0 (ideal form)
👉 High yield + high liquidity + compliance.
"Sounds simple, but it's extremely difficult to do."
7️⃣ Current status of stablecoins on BNB Chain.
USDT: Long-term is the Wrapped version.
FDUSD: Significant friction in fiat channels.
USD1: Currently a relatively 'native' strong option.
Key change: The regulatory environment is completely different now.
8️⃣ What do you value most in investments?
In one sentence: Sense of mission. CZ is most afraid of two types of people:
Quick-money arbitrage types (earn and run).
People who change direction every three months.
Startups also need: stamina + long-term stress resistance.
9️⃣ Will AI trading bots be the next trend?
CZ's conclusion is very calm: Strategies that can really make money, no one will sell.
The more people use the same strategy, the worse the effect.
🔟 Can RWA & asset tokenization be implemented?
CZ: Currently in deep communication with high-level officials from multiple countries.
