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Binance Founder Criticizes ‘Degens’, Advocates Support For Credible Projects

CoinGape LogoCoinGape13h ago

Binance Founder Criticizes ‘Degens’, Advocates Support For Credible Projects - CoinGape

Quick Summary:

Binance founder Changpeng Zhao (CZ) poked holes at degens over the rush for quick and easy gains in the cryptoverse.

Investors chasing trends and hype have lost a fortune in rug pulls, liquidity drains, and exit scams.

According to CZ’s plan, only 10% of tokens will be unlocked while the remaining tokens will require the fulfillment of strict conditions before an unlock.

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Binance Founder Criticizes ‘Degens’, Advocates Support For Credible Projects - CoinGape (Picture 1)

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Article Details

Author / Journalist: Aliyu Pokima

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-09 @ 22:07:37 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 368 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26789630

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 8 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

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The story "Binance Founder Criticizes ‘Degens’, Advocates Support For Credible Projects" has 368 words across 27 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Binance Founder Criticizes ‘Degens’, Advocates Support For Credible Projects" was covered 13 hours ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 8 news stories per day.

It's most recent story was published 10 hours ago.

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  • News ID: #26789630
  • URL: https://beamstart.com/news/binance-founder-criticizes-degens-advocates-174155

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