Binance Coin [BNB] a perfect example of how cryptocurrencies have changed fundraising, says CFO Wei Zhou

2019-6-7 10:30

Wei Zhou, Chief Financial Officer at Binance, spoke at the Money 2020 conference and outlined how tokenization has changed the way to raise money. Zhou stated that tokenization has gained traction ever since Bitcoin started going mainstream.

He added that the world had entered a tokenized world ever since Bitcoin gained mainstream attention, which happened over the last few years. Zhou further said,

“I think what we witnessed through the Ethereum blockchain enabled by the ERC20, it has enabled the creation of the smart contract and what has allowed for at least one type of use-case, is basically raising capital on the blockchain.”

ERC20 is one of the most most significant tokens today, considered as a technical standard used for almost all smart contracts on the Ethereum blockchain for token implementation.

Additionally, Zhou said that ERC20 tokens have not only allowed for users to raise capital on the blockchain, but it has also led to the development of many types of tokens like the utility token, security token, and payments token. Further, Binance Coin is one such utility token that serves multiple use-cases, one of them being a 50% off when trading.

Zhou added,

“We have more tokens in the world and that is something that did not exist in the world prior to the ERC20 chain, and what that has allowed companies to do is to use a different form of fund raising.”

Unlike the traditional way of raising capital, cryptocurrencies have changed the way to raise a token, Zhou said, adding that Binance Coin was a perfect case study for the same.

Binance Coin was an ERC20 token previously, but it has since migrated to its own chain and has allowed Binance to conduct one of the most successful IEOs in the cryptocurrency ecosystem. Projects that have migrated have seen a massive surge in trading volume of their respective tokens.

Binance Coin has been the best performing asset in 2019 so far. It has surged by over 350% since the start of the year, and is currently sitting as the seventh largest cryptocurrency on coin charts.

The post Binance Coin [BNB] a perfect example of how cryptocurrencies have changed fundraising, says CFO Wei Zhou appeared first on AMBCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Money ($$$) на Currencies.ru

$ 0.0004099 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -2.27 %
Cегодня L: $0.0004099 - H: $0.0004099
Капитализация $18.807k Rank 99999
Доступно / Всего 45.887m $$$

zhou binance wei changed money tokenization gained

zhou binance → Результатов: 30


Binance CFO Has Choice Words for Facebook’s Mark Zuckerberg About Closed Blockchain Ecosystems

Binance CFO Attacks Facebook Creator Mark Zuckerberg For Creating Closed Blockchain Ecosystem Wei Zhou, the CEO of Binance, the largest exchange in the world, has recently called Mark Zuckerberg a megalomaniac who is creating blockchain and crypto projects in order to squeeze crypto-based companies out of their current dominance in order to take over the […]

2019-4-27 22:57


Binance Makes Its Singapore Crypto Exchange Launch Official, Opens With BTC/SGD Trading Option

Binance Launches “Limited” Crypto Exchange In Singapore, CFO, Wei Zhou Tells All! In an interview conducted on Wednesday, April 24, 2019, with Coin Telegraph, the Chief Financial Officer of Binance, Wei Zhou supposedly shared the news that the successful crypto exchange was able to officially launch in Singapore. Announcement regarding its launch in April (without […]

2019-4-25 19:48


Фото:

Binance запустит торговую площадку в Сингапуре уже на следующей неделе

Запуск крипто-фиатной торговой площадки компании в Сингапуре произойдет на следующей неделе. Об этом рассказал финансовый директор криптобиржи Binance Вэй Чжоу (Wei Zhou).

2019-4-19 15:00


Фото:

Крипто-фиатная биржа Binance в Сингапуре будет запущена на следующей неделе

Финансовый директор криптобиржи Binance Вэй Чжоу (Wei Zhou) сообщил CoinDesk, что запуск крипто-фиатной торговой площадки компании в Сингапуре произойдет на следующей неделе. В начале апреля глава биржи Чанпен Чжао (Changpeng Zhao) анонсировал открытие Binance Singapore в текущем месяце.

2019-4-18 12:02


Фото:

Binance продолжает приносить прибыль даже в условиях медвежьего рынка

Криптобиржа Binance остается прибыльным бизнесом, не смотря на медвежьи настроения на криптовалютном рынке. Об этом заявил финансовый директор биржи Вэй Чжоу (Wei Zhou), подчеркнув, что рентабельность Binance не целиком зависит от состояния рынка.

2019-2-16 13:45


Binance Chief CZ: Bitcoin (BTC) Is Oversold, Crypto Still Growing

Bitcoin (BTC) Is Oversold  The most-anticipated crypto-centric event of early-2018, the Binance Blockchain Week in Bitcoin capital Singapore, has arrived, and this nascent community is buzzing. As the event is a Binance-led initiative, the upstart’s C-suiters and foremost executives have made appearances at the conference, coupled with the subsequent hackathon.

2019-1-22 04:22


Фото:

Криптобиржа Binance внедрит автоматизированное KYC-решение компании Refinitiv

Криптовалютная биржа Binance подписала партнерское соглашение с компанией Refinitiv с целью внедрения автоматизированного приложения “знай-своего-клиента” (KYC). Сотрудничество позволит бирже следовать действующим глобальным правилам по борьбе с отмыванием денег (AML) и укрепить доверие со стороны регулирующих органов и финансовых институтов, пояснил главный финансовый директор Binance Вэй Чжоу (Wei Zhou).

2018-11-21 14:01


Binance CFO Interview: 2 Main Things Will Drive Mainstream Crypto Adoption

Wei Zhou, the chief financial officer of Binance, believes two main factors will drive the mainstream adoption of crypto in the long-term. Solid cryptocurrency exchange infrastructure that increases the ease of purchasing cryptocurrency and an increase in the number of high-quality projects in the ecosystem will fuel the growth of the cryptocurrency sector, Zhou said […] The post Binance CFO Interview: 2 Main Things Will Drive Mainstream Crypto Adoption appeared first on CryptoSlate.

2018-11-14 11:00


Фото:

Binance will launch its first cryptocurrency-to-fiat trading pairs in Uganda

After a registration process lasting some four months, Binance will finally offer fiat-to-cryptocurrency trading pairs through its new Uganda exchange, with deposits opening on Wednesday. Announced via press release, Ugandans are now able to fully submit identity documents and begin depositing fiat ahead of live trade, something expected to start in two weeks.

2018-10-15 14:54


Чанпен Чжао: Binance не собирается выходить на IPO

CEO крупнейшей в мире криптовалютной биржи Binance заявил, что его компания пока не собирается проводить первичное публичное предложение (IPO). Слухи о возможном выходе Binance на IPO распространились после появления информации о том, что финансовым директором Binance стал опытный специалист по рынкам капитала и риск-менеджменту Вэй Чжоу.

2018-9-8 19:29


Фото:

Binance CEO: We Have ‘No Plans for IPO’

Cryptocurrency exchange Binance CEO Zhao Changpeng dismissed rumors he planned to perform an initial public offering (IPO) September 7, following fintech startup Robinhood. Finance Skills ‘Very Much Needed’ After a report by Sludgefeed which suggested Binance’s recent hiring of Wall Street executive Wei Zhou as its CFO this week meant it was seeking to IPO, Changpeng denied this was the company’s goal.

2018-9-7 15:00