.cz_binance: 'Being trusted by users is the best and only way to grow.' CZ's thoughts on what makes Binance successful⤵️
This article is a part of the “CZ’s
“You grow big by being crazy or the wild west.” I hear this a lot, but nothing can be further from the truth. For something to succeed, you need to do 1000 things relatively well, plus a lot of luck. For something to fail, you just need to do one thing poorly, even after you did the other 1000 things relatively well.
Those project teams didn’t have enough reserves to make their users whole. Our team did some calculations. The gap was about $6m USD. We had a quick team call. I was on a moving train. Within 10 minutes, we all agreed that Binance would use its own cash reserves to make our users whole, even for those other projects.
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