Binance Founder Slams ‘Degens’ – Why You Should Invest Like a Grown-Up! 💸

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So, here we are, in the wild, wild west of crypto, where Binance founder Changpeng Zhao (CZ) has decided to take a break from counting his millions to poke fun at those oh-so-ambitious “degens.” You know, the ones who think investing is just a game of hopscotch with their life savings. 🙄 CZ is here to tell us that maybe, just maybe, camping out with credible projects is a better long-term strategy than chasing after the latest shiny meme coin. Who knew? 🤷‍♀️

A Fortune Is Spent Investing In Shady Projects, Says Binance Founder

In a recent Twitter rant (or should we say, “X-treme” opinion), CZ took a few jabs at the “daring” degens who seem to think that throwing money at low-cap tokens is a surefire way to get rich quick. Spoiler alert: it’s not. 💸 According to our dear CZ, these investors are basically tossing their fortunes into a black hole, hoping for a miracle while rug pulls are lurking around every corner. Talk about a risky game of musical chairs!

He went on to reveal that most of these thrill-seekers rarely see their funds again. It’s like playing poker with a bunch of raccoons—sure, it’s fun until you realize they’ve taken your wallet. 🦝 CZ suggests that instead of chasing after the latest trend, investors should focus on “ethical teams” that are actually building something useful. Because, let’s face it, chasing hype is so last season. 🚫

“In crypto, too much money is spent chasing small, quick gains,” CZ lamented. “Focus on ethical teams that build for the long term. Big money is built slowly with stamina.” Well, if that’s not the most adulting advice I’ve ever heard! Who knew investing could be so… responsible? 😅

While CZ didn’t drop any names of credible crypto projects, it’s clear he’s hinting at teams with actual credibility and a community that doesn’t resemble a circus. 🎪

CZ Offers Suggestions on Tokenomics For Crypto Projects

Now, let’s talk tokenomics, shall we? CZ has rolled out some suggestions that might just save us from the next rug pull disaster. His plan? Only 10% of tokens will be unlocked initially, with the rest requiring some serious hoops to jump through before they see the light of day. Sounds like a fun game of “Simon Says,” doesn’t it? 🎉

Under this brilliant proposal, issuers will unlock new tokens every six months, but only 5% at a time. CZ’s plan relies on smart contracts to keep everything in check, because who doesn’t love a little techy oversight? 🤖

And just when you thought it couldn’t get any better, CZ has also stepped up to support the victims of the BROCCOLI and TST memecoin crashes, raising over $1 million in cryptocurrencies. Because nothing says “I care” like throwing money at a problem, right? 💰 He also believes that AI projects can use L1 and L2 blockchains to achieve their efficiency and decentralization goals. Because, of course, we need more acronyms in our lives! 🤓

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2025-03-10 01:11