Changpeng Zhao, former CEO and co-founder of Binance, plans to add several BNB in liquidity to the weekly winning meme projects from the BNB chain competition.
CZ has claimed that this will help boost the BNB ecosystem. He said, “I will add a few hundred BNB in liquidity to the BNB Chain weekly winners until no funds are left.”
The crypto community supports CZ’s decision to strengthen the BNB project’s liquidity
CZ has maintained that he wants to provide consistent liquidity to the BNB chain ecosystem.
In an X post on February 28, the former CEO claimed he would donate BNB from his own address until the funds were fully exhausted.
Some analysts agree that Zhao’s weekly BNB injections could stabilize the meme projects’ liquidity and even mitigate price volatility.
This could help build a more predictable space for developers and users.
Not to mention, Zhao has claimed that they will probably expand their initiative to include more crypto assets and not just meme coins.
Multiple X users have already expressed gratitude to Zhao, saying that the liquidity program is a great initiative.
One user even stated that Zhao deserved the gains from every project that would see increased liquidity.
CZ says he will not return tokens that are sent to his address
However, in his X post, CZ asked the crypto community not to send any funds to his BNB address. According to Zhao, once he donated 150BNB, about $100,000, he received over $1 million back.
He warned those sending him tokens to his address, hoping they’d have an interaction with him once he sends the tokens back, that he wouldn’t return the tokens. He even called them out for being “greedy.”
He further argued that returning tokens would be more tedious for him.
Moreover, he plans to either leave the tokens or burn them, adding that he has no intention of promoting them.
He also stated that he considered selling them to BNB, like Vitalik. However, he claimed that doing so could harm crypto projects and alter crypto prices. He even claimed that selling the tokens would be more work for him, saying he’d choose the “least amount of work.”
Nevertheless, Zhao has maintained that he doesn’t know when he’ll have time to deal with those tokens; however, he reserves his right to change his plans regarding them.
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