CZ proposes an Industry recovery fund. - page 2.

kennycarder

newbie

Activity: 9

Merit: 0

Quote from: Bananington on November 14, 2022, 05:24:14 PM

The aim of this project is to;

Quote

to support “strong” companies and projects that are struggling with liquidity

and CZ urges that this initiative be supported by other investors.
Link to news

All this is due to the recent issues with FTX.

What do you think about this initiative?

This is indeed good news, and it is also a model of currency autonomy and self-help, but the problem is that I still have a skeptical attitude towards these actions of centralized exchanges. Is there a decentralized public welfare fund? Specifically to solve such problems.

shinratensei_

legendary

Activity: 3164

Merit: 1025

Leading Crypto Sports Betting & Casino Platform

A good step from CZ but to be honest that will need a very big amounts of money. So many people were shorting the market and many of people rushing to withdraw their money from exchange site. this creates shorting on their liquidity too.
It seems like that binance wanna try to make a comeback to the market but its seems like that there are so many crypto fans who enthusiast with it. At least CZ has been revealing the truth of centralized exchange site and so this gives more exposure to the decentralized ecosystem in the market.

It's better to try rather than never. So many companies have low liquidity at this moment especially for cex.

vanesha

full member

Activity: 649

Merit: 100

Binance #SWGT and CERTIK Audited

CZ took advantage of all these events, he came as a hero for many in order for the crypto to get an immediate price recovery. This is a great move for Binance It looks like Binance will continue to gain additional trust if this works. investing in BNB may also be our way of taking profits.

diminizio

full member

Activity: 585

Merit: 100

Binance #SWGT and CERTIK Audited

No wonder binance earned the title as the world's No. 1 exchange because of its CEO's cleverness in solving a problem. even helps FTX solve the problem. I believe if this works out it is likely that Binance can attract a lot more investors to the Binance exchange as this adds value to Binance's trust.

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

He's trying to still stand out although he already stood out with what he had exposed with FTX.

I think it's a good thing to support those struggling companies but really has the potential. What it's like is an insurance like they'll be distributed with money for their recovery and then if they go back in shape.

They'll be the next one to contribute for those projects that might have been seen struggling. If I understand this, CZ is trying to weigh and balance thing from the perspective of these exchanges and huge companies.

But all I think is that he's trying to make an organization for which he'll be the leader of them all.

crzy

full member

Activity: 2128

Merit: 180

If this is enough to compensate the losses of many, then why not?
The question is, who will be the one to manage this? And is other site ok with this if their competitor handle the funds or security for them? I applaud Binance and CZ for this initiative, but there’s a lot of questions to be answered first and its up to the investors if they will support this or not.

Bananington

sr. member

Activity: 1428

Merit: 344

The aim of this project is to;

Quote

to support “strong” companies and projects that are struggling with liquidity

and CZ urges that this initiative be supported by other investors.
Link to news

All this is due to the recent issues with FTX.

What do you think about this initiative?

Topic: CZ proposes an Industry recovery fund. - page 2. (Read 194 times)