CZ Shares Golden Advice for Cryptocurrency Builders

Changpeng "CZ" Zhao once again provided valuable advise for young developers and entrepreneurs in the cryptocurrency space. In a recent post on X, the former CEO and co-founder of Binance directly conversed with developers about what really matters when building and introducing products to investors. The Binance Executive Leadership Informs That Simple Offers Will Be The Most Effective In his post, CZ encouraged entrepreneurs not to take shortcuts. He emphasized that the top priority should be to build a strong product, rather than flashy presentations. According to him, a strong product does not need too much embellishment. The time spent making the product aesthetically pleasing should only be dedicated after the product itself is functioning well. He advises young entrepreneurs to prioritize the following factor, which is that the product must come first. Moreover, this Chinese-Canadian entrepreneur also shared some tips on how to present products to investors. As a successful investor, he believes that a presentation does not need to be lengthy or complicated. It is better to present concisely, clearly, and focus on what adds value to the product. He said that this method is more effective than trying to impress with flashy slides or grandiose words. CZ Still Has a Strong Voice in the Field of Cryptocurrency Although Changpeng Zhao is no longer the CEO of Binance, he is still actively involved in the cryptocurrency space. He shares his views, gives advise, and supports important efforts in the industry. In May, CZ confirmed that he had applied for a presidential pardon from Donald Trump, although he had previously declined. This occurred after CZ met with the World Liberty Financial team (WLFI) in Abu Dhabi in April. At the meeting, Zhao discussed strategies for global cryptocurrency development and improving the industry. He urged leaders to build trust and make cryptocurrency more accessible and beneficial for people everywhere. CZ is also known for his contributions to the cryptocurrency community. At a charity dinner, he offered to help those who lost money in the LIBRA token scam. BNB Hits Record Before Rapid Decline This advise is given right after Binance Coin (BNB), the native token of Binance, reached an important milestone. Earlier this week, BNB reached a new all-time high of $859 per coin. This is the third time this cryptocurrency has broken its record in just one week. This strong increase has significantly boosted CZ's net worth, as he is believed to own over 60% of the total circulating BNB. Some community members even believe that CZ has surpassed billionaires like Bill Gates and Warren Buffett in terms of wealth. However, the surge of BNB did not last long. At the time of writing, BNB has decreased by nearly 5% and is trading at around 782 dollars, according to data from CoinMarketCap. The market value of this cryptocurrency has also decreased from 119 billion dollars to around 110 billion dollars. However, analysts remain optimistic that BNB may continue to rise in the long term. In early May, analysts from Standard Chartered predicted that the price of BNB would reach 2,775 dollars by 2028.