Changpeng Zhao Talks About Binance Chain
According to Changpeng Zhao (CZ), CEO of Binance, the world’s largest cryptocurrency exchange by traded volumes will unveil its own public blockchain in “a few months or so.”
Changpeng Zhao said ‘There Will be Millions of Coins and Thousands of Blockchains.”
Talking at the Forbes Asia Forum stage: Decrypting Blockchain, the CEO of Binance Changpeng Zhao (CZ) stated that the public blockchain of the company, renamed the Binance Chain, will be unveiled very soon–in the coming months.
Forbes staff columnist Michael del Castillo talked to CZ during the occasion, citing the CEO saying:
“We are launching Binancechain very soon, in a couple of months or so, and you will be able to issue tokens on that… I think there will be millions of coins and thousands of blockchains.”
Of course, the words of CZ quickly led to a wave of users inquiring the necessity for several cryptocurrencies and blockchains. It will also be exciting to witness how Binance handles and evaluates the “millions of coins” given the sharp opinions issued by CZ before. In August Zhao stated:
“We don’t list shitcoins even if they pay 400 or 4,000 BTC. [Ethereum, NEO, Ripple, EOS, Monero and Litecoin and more] listed with no fee. Question is not ‘how much does Binance charge to list?’ but ‘is my coin good enough?’ It’s not the fee, it’s your project! Focus on your own project!”
CZ also refused to predict the price of Bitcoin on the pretext that his opinion would be considered as manipulation. He said that:
“I try not to predict the future bitcoin price because anything I say will be seen as manipulation. So I lost that part of free speech.”
In the meantime, Zhao publicized that he had a tattoo of the Binance logo on his forearm as a mark of complete commitment.
We are launching Binancechain very soon, in a couple months or so, and you will be able to issue tokens on that….I think there will be millions of coins and thousands of blockchains.” @cz_binance at @ForbesAsia #ForbesBlockchain @ForbesCrypto pic.twitter.com/az5H62Pgdm
— Michael del Castillo (@DelRayMan) December 4, 2018
In a medium post explaining the idea behind the logo and the choice of CZ to obtain a tattoo, he also shared his opinion on adding new crypto coins on Binance. CZ said the devotion of founders is one of the important things required to list a coin. Clearly, the permanent stamping of the Binance logo into one’s body should inspire faith that the CEO is committed to it for the long term.