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Don't remind me again today

Investing is really not something that can be clearly defined in black and white.



A couple of days ago, it was said that CZ and He Yi's operation was to push GIGGLE to become the leading meme on the BSC chain, and soon someone jumped out to question: doesn't that mean Binance's future is doomed?

Come on, who says there can only be one winner?

I used to think highly of Binance as the leader because its narrative in Chinese is solid, the community concept is large, and market expectations are high. This judgment is correct.

But the situation is very clear now - CZ doesn't want to get involved in murky waters and doesn't plan to personally promote Binance's life. Instead, he is redirecting resources to GIGGLE. The reason is simple: GIGGLE's revenue model is directly linked to him and his wife, with 50% going to a charity fund and 50% for burning. In any case, they benefit, and promoting it has a reputable backing.

This does not mean that Binance's life is doomed. A good narrative has always progressed in a wave-like manner; which of BNB or ETH hasn't gone through this?

Think from a different perspective: CZ's non-participation is instead a disguised benefit for Binance's ecosystem. Without a major player controlling the market, the community can prosper spontaneously, truly achieving decentralized co-construction. This kind of purely community-driven narrative in Chinese may have a higher potential ceiling.

Looking back at my earliest judgment, I mentioned that GIGGLE and Binance Life each have their advantages, and it's hard to say who will come out on top. Even if Binance Life can truly become the leader, it will be a long-term battle, so don't expect a short-term surge.

DOGE took a full 7 years to go from zero to an 80 billion dollar market cap.

My strategy is simple: buy and hold, let time prove it. A ten-thousandfold increase is the return I deserve, and if it goes to zero, consider it a contribution to the Chinese meme ecosystem.

During the sideways period of Binance life, you can pay attention to other opportunities in the Chinese track. Short-term hot targets like Hakimi and the vulgar penguin can be participated in, but remember not to stick to these pure memes for the long term; pull out after enjoying the benefits.

One thing must be clear: Binance Life is the pioneering work of Chinese memes. The more prosperous the Chinese track is, the stronger its potential explosiveness. This is the underlying logic.
GIGGLE-0.19%
BNB0.57%
ETH3.73%
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TokenEconomistvip
· 12-03 02:32
actually, let me break this down—the incentive alignment here is what's really interesting. think of it this way: when you remove the principal (CZ) from direct control, you're essentially decentralizing the governance structure, which in traditional economics we'd call reducing moral hazard, ceteris paribus the token performs better long-term.
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