FTX aside, avoid businesses/exchanges/projects that: - are not profitable (musical chairs) - survive by selling their own tokens - give high incentives for locking your tokens - have a large total supply, but only a small circulation supply - involves loans Stay #SAFU 🙏
@cz_binance Correct boss! I am interested in "a lot of supply but little in circulation, why is that?
@cz_binance Point one is so important! Profit profit profit! Businesses built to grow with capital wasted in just customer acquisition without path to profitability are bound to get busted eventually. 👍🏻
@cz_binance Yeah. Most projects fall into this category. few real projects include $AVA @travalacom backed by Binance. $ALGO $ADA $FTM $GMX $ETH having an ecosystem and generating fees for ecosystem. $BNB not to be missed.
@cz_binance So, are you considering delisting these projects? Also, have you taken any precautions for the projects Alameda has invested in? Thank you 🙏
@cz_binance Those are exactly what we consider as founding principles of fair and neutral projects 🥇🔝🫂💎
@cz_binance Cz #binance safu, right? say it for once 🥹