Baskadia

If Archimedes needed someone to give him a fulcrum to lift the earth, then CZ knew how to create his own “fulcrums” and put the crypto world on his shoulders.

CZ is commonly known to the masses as the CEO of Binance. But beyond that, he has many more products, such as BNB Chain network, Binance Labs investment fund , Trust wallet .

To understand the power of CZ, let's take a look at some of the above products.

Binance Labs : considered by the community as a tier A fund in the crypto market. Founded in 2018, Binance Labs has so far invested in more than 200 projects from 25 different countries. The investment appetite of the fund is quite diverse, ranging from Defi, infrastructure to gamefi.

But what makes the brand of Binance Labs lies in the investment method of the fund. Not using the inflatable method like Alameda Research, Binance Labs often selects projects carefully and with support, participating in development. Thanks to being the arm of Binance, the foundation's incubation programs attract a lot of potential projects to come and try, which is also the main source of projects for Binance Labs.

Trust wallet : Is one of the early decentralized wallets on the market with more than 25 million users. Although CZ is not a builder, he bought this piece in July 2018 (1 year after Trust wallet was born).

Trust's initial orientation was to focus on the mobile market, but now the wallet has also launched a desktop version. Recently, Trust wallet has received a large number of "migrants", stemming from the fact that the parent company of Metamask (the largest decentralized wallet in the market) Consensys has changed its terms , allowing Metamask to have user's IP tracking. This has made a part of users feel quite scared and switch to using Trust wallet. Proving, the position of Trust wallet is somewhere behind only Metamask, the most popular wallet today.

BNB Chain - Launched in September 2020, BNB Chain has so far been the 3rd largest blockchain with total key assets in the market ( about over $4 billion USD ), with 163 million users and over 1,300 applications. is operating on the chain. In the community, BNB Chain leaves the impression that the blockchain has cheap transaction fees, many applications, and is very stable.

The $BNB coin also impresses in holding the price, having only dropped about 67% from the peak, while $BTC, $ETH have dropped about 75% and other coins have sunk over 90%. This ability is possible thanks to the very “strong” burning mechanism that BNB Chain is using.

There are 2 combustion mechanisms operating in parallel:

BEP-95 mechanism : mechanism that allows burning of $BNBs in real time. Accordingly, 10% of the $BNB reward of each block will be burned, the rest will be sent to the validator. So far, this mechanism has burned 142,700 $BNB (~$54 million USD) (check real time at )

In addition, every quarter, a certain amount of $BNB is burned (calculated based on Binance profits, the price of $BNB, the circulating supply of $BNB and the number of blocks generated). It is estimated that the amount of $BNB burned each quarter will be worth up to half a billion Biden. (See details at )

Thanks to these two “strong” burning mechanisms, BNB has become the top coin keeping the best price currently.

In addition, we can highlight some more products: Binance Pay (supporting crypto payment methods), Binance Academy (a knowledge-providing platform for users), Binance NFT marketplace (NFT trading marketplace). ) and Binance Charity (a nonprofit that promotes donations).

However, all these pieces of the puzzle revolve around only one main product of CZ. Binance Exchange. Most of us know that Binance is a giant, but to have the most general view, we need statistics, specifically:

Binance is active in over 100 countries with 50 user-selectable addresses .

The trading volume in 2021 is $9.5 trillion, accounting for more than a quarter of the trading volume of the entire market (up more than 7 times compared to 2020).

Earning $20 billion in profit in 2021. (Almost 3 times Coinbase's $7 billion, the exchange is in the top 2) (Waiting for figures in 2022, I will add more)

Reaching 30 million users milestone by early 2022

And currently has a reserve of assets of about $55 garlic Biden

With so many products in hand, CZ has become the most powerful man in this crypto world. The 45-year-old man is holding a fortune of about $17.4 billion (Due to market influences, this figure has decreased by about 3.7 times from $65 billion at the beginning of the year). He appeared in 2 Forbes lists: Billionaires 2022 (#19) and Singapore's 50 Richest .

In the community, CZ is a person with great contributions to the crypto market, especially in the field of law. CZ spends a lot of time traveling to different countries to discuss a legal corridor for the crypto world. In June 2022, Zhao stopped in our Vietnam and had a discussion on this topic.