In fact, based on respecting the objective laws of capital market operations, there isn't much to complain about in the current performance of the cryptocurrency circle. The wealth effect is still much stronger than in traditional financial markets. Moreover, the opportunities to make money and those who make money are inherently few, and quality assets are also scarce.
Currently, the NASDAQ, Hong Kong Stock Exchange, and Shanghai Stock Exchange each have two to three thousand listed companies, most of which are small-cap stocks with poor performance, while the representative quality assets are limited to a few leading companies. In fact, capital markets are interconnected. The cryptocurrency circle will also have this pattern.
The new coins criticized by some retail investors and KOLs for high opening prices and long-term declines are actually showing similar trends to most stocks. The maturation of the cryptocurrency circle must inevitably go through a process similar to that of the stock market, as the secondary market is interconnected. However, through the sands of time, quality mining coins like SUI from the May 2023 Launchpool will still be selected and stand out over time. I have often heard a research guru from my former brokerage firm recommend the concept of 'core assets' during presentations, repeating that 'excellence is brewed over time.'
Yesterday, it was agreed to promote the establishment of a regular information disclosure system for project parties: referencing the stock market, requiring project parties to publish quarterly, semi-annual, and annual reports, regularly disclosing financial conditions, major events, and other announcement information. At the same time, provide risk reminders to investors, who should already be doing their own research (DYOR). This is very meaningful. Besides that, I have a proposal for reference: 🌹🌹
Highlighting the value of BNB and deepening the BNB HODL concept, establishing the official community Binance Club (in conjunction with Binance Square), with a threshold of holding 0.01 BNB in the account. All users holding more than 0.01 BNB will be given a club member designation (similar to Walmart Sam’s Club members, JD PLUS members). I believe those who criticize Binance probably don’t even hold 1 BNB; otherwise, they would have already enjoyed the benefits of new coins and wouldn’t have such complaints. If someone doesn’t even buy 0.01 BNB, how can they claim to be part of the Binance community?
Launchpool is a very good way to strengthen the BNB HODL concept and reflect the value of BNB through BNB mining rewards. The recent projects in Launchpool with FDUSD mining rewards have even greatly exceeded BNB. In fact, the mining ratio and rewards of FDUSD could be reduced, serving instead as a bonus to encourage long-term holding; mining should not be a main function of FDUSD, as that would be counterproductive.
🌟 The FDUSD mining portion could consider changing 10%-15% of the new coin FDUSD mining portion to a discounted purchase after the launch (if there are compliance risks in pre-launch subscriptions). For example, Plan 1️⃣: Members holding more than 0.01 BNB in their accounts can invest up to 100 FDUSD within one hour after the new coin launch and purchase the launched new coin at half the average trading price in the first hour of trading proportionally. This way, the 0.01 BNB threshold is low enough (but this threshold must exist), providing ordinary small investors with an opportunity to buy new coins at a low price, allowing them to enjoy the discount benefits while deepening their understanding of the value and benefits of BNB HODL, encouraging more ordinary users to grow into BNB HODLers. This connects a large number of small investors, BNB, and FDUSD.
If the above plan is too complicated, or Plan 2️⃣: simply become a Binance member holding more than 0.01 BNB, use FDUSD to buy the new coin in the first hour after the new coin launch and hold it for more than one hour after the purchase, and receive a refund of up to 50% of the purchase amount in FDUSD (i.e., a maximum refund of no more than 50 FDUSD), achieving the goal of providing small investors with the opportunity to buy new coins at a 50% discount at launch.
In fact, it is about distributing the interests of FDUSD speculators to all ordinary Binance users and prompting them to recognize the value of BNB. If they want to earn more such rewards, they will reinvest in BNB, attracting and nurturing them to grow into larger BNB HODLers. This simultaneously empowers FDUSD + BNB. Therefore, attracting retail investors to buy the new coin at a 50% discount with 100 FDUSD is more meaningful than just benefiting the previous Launchpool’s FDUSD pool of no more than 200,000 FDUSD participants.
Combining Launchpool, Mega Drop, and HODLer Airdrop makes the BNB HODL concept deeply rooted in people’s hearts. By using BNB as a lever, the platform's development dividends can be passed on to more users. Empowering the platform token is empowering the platform itself. 👉 If someone doesn’t even hold 0.01 BNB, they are not worthy of being called a member of the Binance community and have no right to criticize Binance; if they hold more than 0.01 BNB, then becoming a Binance Club Member can allow them to use no more than 100 FDUSD for discounted purchases of new coins after each launch, which is pretty good for ordinary retail investors.
