Baskadia

CZ, or full name is Changpeng Zhao, is a name that is not too strange for the Vietnamese or worldwide crypto community. He is the founder of the Binance empire, the number one cryptocurrency exchange in Vietnam and globally. Before reaching the pinnacle of current success, CZ has had an interesting journey.

CZ was born on February 5, 1977, in a family with parents working as teachers, in Jiangsu province, China. CZ's father was a professor, but at the same time a bourgeois intellectual. His family decided to immigrate to Vancouver, Canada in 1984. At that time, CZ had to work to support the family economically. During the day, he worked at McDonald's and worked part-time at a gas station at night.

Not long after, CZ met his first love, a 280 DOS computer that his father bought for an expensive $7000. Since then, Zhao has shown an interest in programming. Later, he obtained a Computer Science Degree from McGill University.

CZ got his first job at the Tokyo Stock Exchange, he created the agency's first order matching system. He then spent his time at Bloomberg Professional Services and became Head of Tradebook Futures Development (from 2001-2005).

But CZ's ambition does not allow him to stop there. He quit his job at Bloomberg despite being promoted to team manager in New Jersey, London and Tokyo. Zhao and his friends built Fusion Systems , a fast trading system for brokers.

CZ got to know Bitcoin in 2013 through a venture capitalist, his rival at the poker table. Destiny came, CZ immediately learned about this market and joined the ranks of developing Blockchain.info e-wallet (currently blockchain.com ), the oldest wallet of the crypto world to this day.

After 1 year, Zhao left the company to join the OkCoin exchange as CTO - Chief Technology Officer. Since the arrival of CZ, Okcoin has achieved many impressive achievements such as topping the Chinese market and expanding into the futures business. But after only 9 months, this relationship broke down due to disagreement between CZ and Okcoin's management.

So after only a few years, Zhao has experienced working at the two extremes, centralization and decentralization of the crypto market. At the same time, CZ created a pure exchange for trading electronic assets for its own. Working time at Okcoin has helped him understand Bitcoin or crypto, which is a market without a legal framework, if it gets involved with financial institutions or fiat money will cause problems later. So, how do you have enough money to get started?

But luckily, Vitalik had an answer to help CZ. In the year 2017, 2 years after the Ethereum blockchain officially launched, the number of projects built on this blockchain is increasing day by day. Leading to the problem of raising capital is not only CZ's headache. At this time, the form of ICO - Initial coin offering (initial coin offering) was born.

Simply explained, ICO is when you invest money in a project at an early stage (almost nothing or the product is just on paper), in exchange for that amount of coin / token. of the project (undervalued). If the project is successful in the future, your investment will increase many times. If the project fails, then no more.

The ICO wave of 2017 raised more than $20 billion into the crypto market, a fraction of which is CZ's Binance. In July 2017, Binance conducted an ICO, selling a total of 100 million $BNB coins, at the price of $0.15, earning themselves $15 million. Marked the beginning of a force to this day.