Post
Topic
Board Bitcoin Discussion
Merits 5 from 1 user
Re: Three Big Lessons from CZ.
by
examplens
on 09/11/2022, 10:19:26 UTC
⭐ Merited by mprep (5)
Lesson for project owners from CZ
1. Never use a token you created as collateral
2. Don't borrow if you run a crypto business.
3. Don't use capital "efficiently". Have a large reserve

4. never let your direct competitor own a large share of your company's ownership

Quote
Binance has never used BNB for collateral, and we have never taken on debt. .

In this case, never say never. we don't know or can be sure about this statement.