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Topic: Binance in a bit to tarnish Ronaldo's image - page 2. (Read 271 times)

legendary
Activity: 1610
Merit: 1193
Gamble responsibly
Cristiano Ronaldo, a world-renowned footballer  facing a class action lawsuit is uncalled for.
Before you are advertising for a company, it is good to know the nature of what you want to advertise. We have been telling people to do away with NFTs and not to buy it because we know how they can buy at high price and sell at low price especially when the market is not good. C. Ronaldo is not wise to make investigation when Kim Kardashian was sued by United States SEC but paid I think $2 million dollars to bail herself out of the case of advertising crypto products.

These celebrities and influencers like C. Ronaldo do not cares about their followers than money. Binance will pay him huge amount for endorsing him. He care more about the money he will receive from the endorsement and not the protection of his followers. But people also supposed to make investigation before investing in anything.

NFTs are only hyped, the hype came and went. It was bull run period that Binance endorsed C. Ronaldo. He should be fearful of what can come after bull run which is bear market. NFTs are better just for rich people like Monalisa owned by rich people which is an physical artwork. That is how NFTs should be seen, but everybody wants to have NFT which makes most of them valueless.
legendary
Activity: 4270
Merit: 4534
But I don’t think ronaldo’s fans will also care too much about what’s wrong or right lots of fans blindly follow whoever they idolize so don’t be too worried about binance nor ronaldo

but his fans do care... they are blind because they trust him... its that trust that comes with responsibilities on the influencer
when fans buy things on trust of endorsement by their idol it becomes the idols responsibility to not promote bad things

much like core devs pretend they are not responsible for the code they add.. YET people just blindly trust core are good guys that wont do anything bad..
core devs actually do have responsibility for the network and its participants,

it gets especially more disgusting when the idols blame the fans for blind trust, and say things like the fans should have done their own due diligence and review and scrutinise what they use.. but stupidly dont then like people scrutinising, reviewing, critiquing the idols promotions



sr. member
Activity: 882
Merit: 215
#SWGT CERTIK Audited
The world of NFTs is endless, there is always a way to attract people to the iPhone by presenting a lineup of famous people. I personally am not too interested in the world of NFTs and lack interest, it is very complicated the process. But I like to see Messi's photo on bitget  Grin Grin.

That's Binance's right and for those who like what they promote is also legitimate beforehand if things are not comfortable in the future again, yes it's up to those who invest.
legendary
Activity: 3080
Merit: 1500
Cristiano Ronaldo, a world-renowned footballer  facing a class action lawsuit is uncalled for.
Bringing financial damages to his followers by aiding and abetting Binance’s fraudulent practices.
Binance doesn't really care about anyone's status or image but it portfolio and how to make his exchange boom, they knew Ronaldo who has more than 850 million followers across several social media platforms will go along way to make it business boom that's why they signed a multi-year contract just to promote unregistered crypto securities.
And these unregistered crypto securities promoted by Ronaldo caused a 2,5500% increase in celebrity NFT searches by his followers and the rest of the world.
whereby making Binance grew by nearly 5000%.


Why did Ronaldo sign it? What happened to his brand team? Haven't they researched properly before signing the deal? What happened to his legal team? Didn't they know that Ronaldo is promoting unregistered things?

Binance is a business organization. When businesses sign any celebrity to promote, they have two simple goals in their mind - growth and reputation! Binance paid money, Ronaldo got money and did what he was asked to do!

What's the problem? 
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
Who cares?

I have always rated Messi anyway.  Grin
newbie
Activity: 4
Merit: 0
Binance doesn't really care about anyone's status or image but it portfolio and how to make his exchange boom, they knew Ronaldo who has more than 850 million followers across several social media platforms will go along way to make it business boom that's why they signed a multi-year contract just to promote unregistered crypto securities.



Binance took advantage of Ronaldo's large following so they thought it would be easier to increase their market value. that is a good thing for them but not for ronaldo so his image is tarnished among people.
hero member
Activity: 1120
Merit: 887
Livecasino.io
Cristiano Ronaldo, a world-renowned footballer  facing a class action lawsuit is uncalled for.
I am not a fan of Ronaldo neither am I a fan of Binance. I have two arguments here.

1. I agree that he should be sued. From the time he signed the contract to accept the influencing gig at Binance he should have known that the downside is the likelihood of getting sue for promoting a very risky and volatile asset. This is not new to celebrities. Steph Curry, David Ortiz, Shohei Ohtani, Naomi Osaka, Kevin “Mr. Wonderful” O'Leary who promoted FTX were also sued. I don't know the outcome of the case yet.

2. As for the investors, it is just a childish behaviour to invest in a high risk asset with the potential of losing all their monies and then when they lose their monies, they turn around and accuse the influencer of deceiving them when the warnings of cryptocurrencies and NFTs are all over the internet. They are investors and in every investments risks involved that is one of the basic rules of contract law.
sr. member
Activity: 1736
Merit: 306
Binance entered a multi-year partnership with Ronaldo in mid-2022 to promote a series of his own nonfungible tokens (NFT), of which he has at least three collections tied to Binance.
Binance ain't trying to tarnish Ronaldo's image,ronaldo is definitely serving and representing as a soccer legend with mastery of influence and experience with an utmost joy and enthusiasm.

Binance wants to promote the circulation,adoption and awareness of cryptocurrencies around the world.Ronaldo seems to be the perfect image for this role but it seems Ronaldo's role have a significant effect due to his worldwide recognition and unshakable iconic efforts.
sr. member
Activity: 2618
Merit: 439
you word it how binance signed him up, but need to think about how he signed upto it too
its the same with many things.. even influencers promoting fashion/makeup need to check what they are promoting is not made in sweatshops or using illegal materials that can cause harm
The thing about ronaldo or any influencer for that matter is that they don’t care what they are promoting as long as they are getting paid. Lots of celebrities and influencers don’t care whether it might be harmful to promote a specific product or service.

Quote
he isnt just a hapless footballer scoring goals.. he is known as a influencer and a promoter and in that secondary role needs to do due diligence on the partnerships he deals with
Agreed these famous people need to know their influence is massive and they have a responsibility to uphold

But I don’t think ronaldo’s fans will also care too much about what’s wrong or right lots of fans blindly follow whoever they idolize so don’t be too worried about binance nor ronaldo
hero member
Activity: 1778
Merit: 746
Cristiano Ronaldo, a world-renowned footballer  facing a class action lawsuit is uncalled for.
Bringing financial damages to his followers by aiding and abetting Binance’s fraudulent practices.
Binance doesn't really care about anyone's status or image but it portfolio and how to make his exchange boom, they knew Ronaldo who has more than 850 million followers across several social media platforms will go along way to make it business boom that's why they signed a multi-year contract just to promote unregistered crypto securities.
He has no responsibility to his followers in terms of any promotion and it should be Ronaldo or his agent who studies the impact of the work they take on. A footballer or influencer has no responsibility in the event that their followers suffer losses, so the followers themselves must verify the truth before participating. Binance is a large exchange and of course they will look for influencers who have the largest followers on social media to promote the products they have.

There are certain strategies for people to promote their business, but nothing can be guaranteed. This is another important lesson that something we do must be researched first, not immediately accepted and used even though the person promoting it is a famous footballer or influencer on social media platforms.
legendary
Activity: 4270
Merit: 4534
you forget ronaldo promoted scammy junk.. when he signed a deal he too should have researched or his agent should have checked what ronaldo promoted

influencers promoting products also have a duty of care to their fans, so should only sign deals that wont hurt their fans

you word it how binance signed him up, but need to think about how he signed upto it too
its the same with many things.. even influencers promoting fashion/makeup need to check what they are promoting is not made in sweatshops or using illegal materials that can cause harm

he isnt just a hapless footballer scoring goals.. he is known as a influencer and a promoter and in that secondary role needs to do due diligence on the partnerships he deals with

if he can show proof that he did do due diligence and all his proof showed true beleif that his adverts were not of scammy junk, he would not be found guilty. but not doing due diligence of knowing the junk was junk is negligence and he participated anyway then that can cause problems, especially if he knew it was get rich quick junk scam and he promoted it anyway, not caring about the consequences
newbie
Activity: 23
Merit: 3
Cristiano Ronaldo, a world-renowned footballer  facing a class action lawsuit is uncalled for.
Bringing financial damages to his followers by aiding and abetting Binance’s fraudulent practices.
Binance doesn't really care about anyone's status or image but it portfolio and how to make his exchange boom, they knew Ronaldo who has more than 850 million followers across several social media platforms will go along way to make it business boom that's why they signed a multi-year contract just to promote unregistered crypto securities.
And these unregistered crypto securities promoted by Ronaldo caused a 2,5500% increase in celebrity NFT searches by his followers and the rest of the world.
whereby making Binance grew by nearly 5000%.


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