Post
Topic
Board Bitcoin Discussion
Re: Three Big Lessons from CZ.
by
Esther C
on 09/11/2022, 11:01:35 UTC
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

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


Can someone please explain the no. 3 more in-depth please.