Let me share a little story on the largest ever single payment from @Binance, the $6m in 2017!
I hope this will help you better understand the #Binance culture.
Binance launched on July 14, 2017, having successfully raised $15m in its ICO two weeks prior.
Less than 6 week later, on Sept 4th, 2017, China issued a ban on crypto exchanges, crypto mining, as well as recommending any ICO projects to return users investments in full should the users want it.
With the announcement, many tokens dropped below their ICO price. BNB dropped from 22x to 6x of its ICO price. Luckily, it was still 6x. So no one wanted to return $6 for $1.
However, four other projects on Binance fell below their ICO prices. The teams behind those projects lacked the funds to fully reimburse their users.
Our team ran some calculations. The gap was about $6 million USD.
The team called me and asked if we should use our own funds to make our users whole, even though those were neither our projects, nor our obligation.
$6m million might not sound like a lot today, but to put it in perspective, we had raised $15 million just eight weeks prior. We were not profitable. We were buying servers and hiring people. We were burning cash.
Giving $6 million to users would deplete our corporate treasury by more than 40%.
I joined the call on a moving train in Tokyo. I asked if anyone had any objections.
No one objected. I said, “let’s do it”.
Percentage wise, that was the single largest transaction in our corporate history.
That announcement immediately received overwhelming responses from the crypto community, not only in China, but around the world.
No other company had protected its users to such an extent, even to this day.
The market rewarded us. Users from around the world joined us. They saw that Binance protected users with not just words, but with action and funds.
When we made the decision to make users whole, we had about 35,000 users. A month later, we had 120,000 users. We became profitable, and have been ever since.
Two months after that, we became the world’s largest crypto exchange, and have been ever since.
Hence our core value: Protect Users!
Jiu Jitsu Black Belt vs Kids Yellow Belt… Can the Yellow pull it off? https://t.co/uDkLfdrVV0 via @YouTube@TheFlowHorse sent me this vid and I love it. Great to see a respectful match between young and wise. Kid’s a beast.
In 2021, Nancy Pelosi was asked if Congress should be banned from trading stocks.
Her Response: "No… This is a free market."
While serving 38 years in Congress with an annual salary of $223,500, she increased her net worth to an estimated $263,000,000.
I'm buzzing with excitement for the $SOON token listing from @tonstationgames! These guys are the hottest gaming platform out there, w/ Season 2 coming & bringing millions in Airdrop soooon! Excited like me? Let’s go: https://t.co/6CiwSARQXe #SOON#tonstation
The situation is escalating and causing significant harm to our community.
Since our launch, we have been a positive force within the @ton_blockchain ecosystem, collaborating with and adding value to numerous projects, including @wcoin_io , @CatizenAI , @sphynx_meme , @SeedCombinator , @the_vertus , @thedotcoin , @BitgetWallet , @catgoldminer and many others.
Despite the ongoing public attacks and defamatory statements from the other Yescoin, we have consistently sought to resolve this matter amicably.
We are concerned that their continued public attacks and defamation could severely damage our reputation, harming not only us but also the broader community.
This situation is unjust and threatens to undermine all the positive contributions we have made.
As the original creators of Yescoin, we took the necessary step of filing the trademark. From the very first day we filed, we notified the other Yescoin of our actions.
It is important to highlight that no opposition to our trademark was filed within the deadline, which expired on July 12, 2024.
Additionally, it’s worth noting that the filing was not done in some obscure jurisdiction, but in one of the most reputable in the world the UK, recognized by the World Intellectual Property Organization (WIPO).
The other Yescoin was aware of this from day one. We made multiple public posts, which garnered hundreds of thousands of views, clearly stating that we had filed the trademark.
Moreover, they themselves made a public post acknowledging that they were fully aware of the trademark filing.
At that moment, instead of merely making a post, they had the opportunity to file an opposition and secure the exclusive right to the name Yescoin.
They chose not to do so because they knew they couldn't win the opposition.
Given all this, they cannot justifiably complain now that we are seeking the exclusive right to use our own name.
That said, as the situation continues to escalate, we are now prepared to take legal action and do whatever is necessary to protect our community and our integrity.
🔥 Listen up, this is amazing! TON Station wants to compete in @TONOpenLeague (TOL) & bring you growth, development & prizes! You can help make it happen!
📌 Step 1: Connect wallet to TON Station
📌 Step 2: Complete quest for connecting wallet
→ If we’re in, I’ll open new quest for Check-in transactions for you to farm even more $SOON!
→ In case we take a prize, 100% funds to be distributed among participants! 🎁
Now, go, make Mr. Soon proud! 🚀
Today, We stand with Pavel Durov - Creator of Telegram.
In support of the #DigitalResistance, we are updating Toncoin’s logo and profile pictures across TON Community channels to the global symbol of Digital Resistance — the Resistance Dog. Pavel Durov started this movement during his fight to maintain the privacy of Telegram users and protect freedom of speech.
Join the #DigitalResistance, #FREEDUROV. Activate the Resistance Pack:
1️⃣Share this post using #FREEDUROV Hashtag
2️⃣Put 🆓emoji in username
3️⃣Change avatar to Resistance Dog (our profile photo)
🚀 Big News: Airdrop Share Increased to 43%! 🚀
Thanks to the incredible community support during the Catizen Vibe - Heal the World event, an additional 1% of the strategic allocation has been redirected to players. The airdrop share is now an impressive 43%! 🐱❤️
The real investors are the players, who have shown immense passion and dedication. Together, let's continue to heal the world and make a brighter future for our feline friends. ✨
Catizen's vibe: Play for the airdrop🪂, Heal the world! 🌍
#TON #Mantle #Catizen