CZ from Binance goes live on Twitter; Talks about xRapid, Amazon, Justin Sun and QuadrigaCX
The CEO of Binance, Changpeng Zhao, showed up on Twitter for a live stream. He had a few questions ready from some of his avid followers, and some questions from the comments sections on his posts. Here are some of the notable ones listed out.
Q: How much is the listing fee on DEX?
A: I want to deliberately set it high to filter out the scam projects. It would be close to $100k USD.
Q: Can we store BNB on Ledger Nano S?
A: Yes, of course. It will support Binance Coin. We’re also working on supporting it on the Ledger Nano X.
Q: Prove that DEX is truly decentralized.
A: The private keys will never leave your device. We have multiple ways to prove it. From that perspective, it is definitely decentralized and you’re the only one who would have access to your private keys.
Q: What utility will BNB have on Binance or DEX?
A: It’s very simple. Binance coin on the Binance chain is like Ethereum coin on the Ethereum network. You can use it to pay for network transactions and as gas. Also, when you pay using BNB, we offer the chance to pay using the token with a discount.
Q: Can Binance survive another year of the bears?
A: I think Binance can survive any number of years whether its bear or bull. We don’t really look at the market too much. We’re very stable, both financially and in terms of the team. We’ll be here for a while.
Q: What would you like to say to the upcoming crypto entrepreneurs?
A: There’s a lot of noise in the crypto industry. The best advice I’d like to give is to keep your head down, avoid the noise, and figure out a project and use your strength to build a product that other people will use.
Q: Funds are ‘Saifu’?
A: Yes, they are quite ‘Saifu’. We use multiple levels of security at Binance. We have traps, which if triggered, would alert us immediately.
Q: Any development about the partnership between Binance and xRapid?
A: We’re focussing more on the features of Binance and are working with a number of other partners. There’s nothing going on right now between us and xRapid, but we would definitely want to add them as a partner.
Q: Do you think Amazon will have their own stablecoin and crypto exchange?
A: I think anything is possible. I’ve already tweeted Amazon should issue a token sooner or later, but that’s just my guess.
Q: What’s your relationship with Justin Sun?
A: I just know him as a friend. There’s no other relationship such as cross-ownership or investments.
Q: What do you think about the QuadrigaCX exchange issue?
A: I don’t like to comment on other exchanges, but I feel there’s something fishy going on.
Watch the recording of the live stream here:
— Binance (@binance) February 7, 2019
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