Binance: We have a responsibility to protect users and industry players in a tough market - Aliens: AI Crypto News & Markets Updates
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Binance: We have a responsibility to protect users and industry players in a tough market

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Aliens

Thu, Jun 23, 2022

In a blog post today, Binance stated that, as one of the largest industry players with healthy cash reserves, Binance has a responsibility to protect users and industry players in the current difficult market environment, even if it does not directly benefit or invest in Binance. The rate of return is negative.

In addition, Binance clarifies the standard of rescue projects: bad projects that fail simply because of poor design, management, and operation are meaningless; but Binance will have a high degree of product-market fit, a good business model, and a team Rescue projects that are decent but have made small mistakes such as insufficient reserves; the other category are projects with huge potential, cash-strapped but barely surviving, and they do not have enough budget to grow healthily. They'll either get through it, seek cash, or explore the possibility of mergers and acquisitions. Clearly, bailing out these projects makes sense from the perspective of a potential investor or acquirer.

Source: Binance

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