30/12/2021
A MORAL LESSON THAT EVERY AGRICOIN HOLDER NEED TO LEARN FROM BINANCE (BNB.)
In 2017 CZ created Binance exchange with the profit he made during the Presale of his BNB COIN Which is about $15 million dollar.
Inside the $15 million dollar , he budgeted 35% for the expansion and standardization of his Binance exchange.
While the 50% was budgeted for marketing, and educating people about cryptocurrency business and blockchain technology.
He saved the remaining 15% of the money as a reserved for security purpose and and unforseen events.
BNB coin was initially created under ethereum network before CZ letter move it, to it own binance CHAIN which he created In 2019.
This indicate that BNB COIN has been under ERC20 NETWORK FOR 2 YEARS BEFORE IT MIGRATED TO BEP2.
BNB COIN was sold during the presale at $0.1 because CZ promise to do buy back of the BNB coin and burned it.
After BNB Was listed on an exchange instead of CZ to list It on a price above the presale price which is $0.1, so that those who bought during the presale can make huge profit quickly.
Instead he listed the BNB at $0.0321 that means all those that bought the coin during the presale are at lost if they are to sell, not talk of making profits.
CZ did so intentionally so that he get the opportunity to buy more from the aggrieved impatient earlier investors and burned it, so as to drastically reduced the maximum supply.
Many people who bought BNB earlier during presale start attacking CZ, dumping the coin, calling it scam, warning other people not to buy.
All those that bought the coin earlier during the presale have target to dump the coin immediately it was listed in a market at a higher price, so that they can cash out millions and leave the project just like many of us that invested in Agricoin.
None of them care for the usecase and authenticity of the project, they don't mind if the whole project collapsed as long as they cash out their millions.
While on the other hands the binance developers has their own plan to make their BNB COIN a world best project and largest cryptocurrency exchange market.
That's why the BNB developers used a good market strategy which help them to reach were they are today, even though they have provoked and offended many Investors that came to make quick profit.
Upon seeing what happened to BNB many unwise investors that bought the coin during presale start dumping and selling the coin at lost, start cursing CZ calling him names saying he scammed them.
In the same way some impatient Agricoin holders are selling their wallets, calling CEO all sort of names saying he scammed them.
CZ doesn't care to listen to them just the way AGRICHAINX CEO focused on the success track. He just continue buying and burning for the coin to gain ground and increase in price at the long run.
Among the people who bought BNB during presale the smartest and patient ones, instead of selling their coin despite what happened, they even put more money and buy more at cheaper price because of the future they saw on it. Just the way some Agricoin holders using their money to buy some people wallets.
Those impatient investors that sold out their BNB because they see it as a scam project, they later bought it at ALL TIME AT HIGH RATE OF $600+.
LESSON
▪️COINS that you underrated and consider to be inferior and scam might give you the shock of your life tomorrow. You will even struggle to buy a fraction of it at a reasonable price.
▪️Don't look at how fast a coin give money always, look at the people behind the project and it's USECASE at all times.
