Source: X
Author: Roger Bojack
1/ Binance is reshaping the largest infrastructure in the crypto industry
Not just an exchange , through diversified issuance models such as spot , contract , Alpha , Launchpool , Wallet IDO ,
Liquidity will be "tiered and priced" according to different dimensions. If other exchanges cannot provide launches and trading depths with a higher cost-effectiveness than Binance's various launch models , other platforms will basically be "killed".
Crypto's liquidity and pricing power will be more concentrated in Binance's hands.
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2/ Reverse Reconstruction: The Counterattack of Public Chain + Wallet
Through Alpha, Binance is doing Crypto infrastructure “in reverse”:
* Airdrops are just a facade; behind them lies the daily usage habits fostered by Wallet, Alpha, and Cex.
* Increasing crowds such as the ground promotion team, the hair promotion team, and relatives are rushing in ;
* All listed projects must be mapped on the BNB Chain;
* Gas fees are reduced to 1/10 of the original price, making transactions cheaper, assets of higher quality, and users more concentrated.
This makes BNB Chain a true Tier 1 public chain of "high-quality assets + low-cost transactions", and it has a massive number of users , forcing project parties to deeply participate in the construction of BSC and give benefits to Binance users.
Suddenly I realized that Web3 PDD was none other than Binance. Binance did Crypto over again .
Here is a tribute to: "Huang Zheng｜Turning Capitalism Upside Down"
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3/ The charm of wild growth
After Cousin CZ 's return, Binance once again showed its "startup's wildness":
> What is the core of the chain?
Liquidity = Users = Trading Volume
Returning to the first principles, the public chain + wallet will first solve the problems of liquidity and users, and then gradually expand the ecosystem:
Once you take the first step, you will get twice the result with half the effort .
Focusing and making the most of a small effort is the winning formula for innovative companies and phenomenal products.
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4/ The challenge of balancing vested interests
The most difficult thing for large companies is to seek change within existing interest groups :
* In the past, BNB holders were idle and did not contribute, or MEV bots were rampant, resulting in a rigid incentive mechanism;
* Alpha + Wallet IDO bypasses the existing market, attracts new blood with minimal resistance , and reshapes ecological incentives;
* This is not only about product innovation, but also about restructuring governance and incentives (which is more difficult).
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5/ What would happen if Binance implemented YAP on Square?
Imagine this:
* CT started publishing high-quality content on Binance Square,
* Users began to interact with content in Binance Square,
* The project will give more YAP airdrops to Binance Square;
The loyalty system has not yet been added.
Maybe this is the NASDAQ ✖️ TikTok for young people.
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6/ When Web2+Crypto is highly integrated
In the era of Trump's rise to power, pragmatism and Crypto-friendliness go hand in hand:
* Exchanges, public chains, and infrastructure platforms are all gaining ground ;
* Binance has integrated native liquidity + pricing power and actively embraced Web2 capital and politics;
There are not many options and time left for other projects
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7/ The new meaning of compliance: votes determine the fate of the princes
New generation, you have more users = more young votes = more capital friends,
"Compliance" is no longer an external label, but an internal driving force to control votes and control the princes .
Binance is rebuilding a new generation of "crypto capitalism" with CEX, Alpha, Wallet, BSC and IDO.
Dear project owners, investors, and practitioners, are you ready to keep up with this wild growth curve?
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