Small post on token inflation:
Adjust your targets and don't forget that many old projects had their token supply inflated heavily since last cycle.
$woo last cycle at $880M MC was 1.5$. This time that's going to be around 0.5$. Not telling you to lower/increase your targets. Just telling you to be AWARE of that.
$AR in NOV 2021 when it peaked had half its current circulating supply. Keep it in mind.
$FET currently has $3.6B already. Be rational please when you expect price appreciation.
Same goes for so many others. If you check CMC history you will see that when TOTAL hit $3T ALTS prices were MUCH higher than now. This is good, it means there is so much more steam left in the market. But be realistic.
last time $SOL was 250$ its market cap didn't even reach 100B. Look at it's current MC and you will understand how important token inflation is.
This is why FA matters no matter what. You can't just rely on TA alone. Check marketcaps and circulating supply. While it's true FDV won't matter since the spike is short-term, already inflated tokens will have much less room for growth this time around. I am seeing so many crazy target valuations that put ZERO consideration to token inflation in comparison to last cycle.
Any Republican Senator seeking the coveted LEADERSHIP position in the United States Senate must agree to Recess Appointments (in the Senate!), without which we will not be able to get people confirmed in a timely manner. Sometimes the votes can take two years, or more. This is what they did four years ago, and we cannot let it happen again. We need positions filled IMMEDIATELY! Additionally, no Judges should be approved during this period of time because the Democrats are looking to ram through their Judges as the Republicans fight over Leadership. THIS IS NOT ACCEPTABLE. THANK YOU!
KAMALA BROKE IT, BUT I WILL FIX IT! With your VOTE, inflation will END. The border will be SAFE & SECURE. We will have PEACE across the globe. WITH YOUR VOTE, AMERICA WILL ENTER A NEW GOLDEN AGE! Vote TRUMP to MAKE AMERICA GREAT AGAIN! #BringBackTrump
80% of Octobers were green
100% of election years had a green October, November and December
100% of the years with a green September had a green October, November and December
Q4 starts TOMORROW
Will our game economy be sustainable? 💰
Of course! Let us know in the comments if you know what that means👇
If you don't know just stay tuned because we are revealing more in a second! 👀
Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.
Binance is no longer a baby. It is time for me to let it walk and run. I know Binance will continue to grow and excel with the deep bench it has.
I’m pleased to announce that @_RichardTeng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today.
Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. He will ensure Binance delivers on our next phase of security, transparency, compliance, and growth.
Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.
With Richard and the entire team, I’m confident that the best days for @Binance and the crypto industry lay ahead.
As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed, consistent with the framework set out in our U.S. agency resolutions.
What’s next for me?
I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years.
After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi.
I can’t see myself being a CEO driving a startup again. I am content being an one-shot (lucky) entrepreneur. Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately. If for nothing else, I can at least tell them what not to do.
On that note, I am proud to point out that in our resolutions with the U.S. agencies they:
- do not allege that Binance misappropriated any user funds, and
- do not allege that Binance engaged in any market manipulation.
Funds are SAFU!
With that, I look forward to seeing the new leadership take the reins. Please join me in congratulating Richard on his well-deserved promotion.
Onwards!
CZ
Next time when there is a dip or capitulation, you will see me buying or just telling you I’m still holding. I will get disrespectful comments because of this. This year most of my alts are making ATH’s everyday and still get disrespectful comments. Next year when I’m out of all the markets, I know trollers that bought much later than me will try to bring me down. I know this will happen and this time it wont be different
Usually these things demotivates me but I’m now getting used to it. Because I know we made more money together than anyone else in this space. I will continue to do what I’m best in for the people that appreciates what we do here.