Changpeng Zhao, CEO of Binance, has highlighted the challenges investors face seeking quick gains in the cryptocurrency sphere and emphasized supporting sustainable projects and strengthening regulations.
Zhao’s Long-Term Investment Tips
Zhao encourages investors to conduct thorough research and select reliable projects rather than pursuing short-lived gains. He noted that incidents like fraud and liquidity crises often arise from unchecked risk-taking behavior and weak projects.
Benefits of New Token Launch Regulations
Zhao suggested significant reforms in token launch procedures, including stricter token distribution rules, with 90% being released gradually. He recommends using smart contracts to lock tokens and subject them to third-party audits.
Binance’s Initiatives to Support Investors
Zhao also mentioned a Binance initiative to compensate investors impacted by recent memecoin value drops.
Focusing on long-term and reliable projects and tightening regulations can improve market stability and restore investor confidence.
