Former Benance CEO Changpeng Jhao has announced a plan to support BNB Chain Ecosystem by providing liquidity to the weekly program winners, while addressing efforts to attract his attention through tokens.
In an X post on 28 February, Zhao said that he would add “a few hundred BNB (BNB) to” liquidity “to the BNB chain weekly winners, until its allotted funds decrease. He said that the program administrators would probably expand the eligibility beyond the meme tokens to include large market cap projects and additional areas.
The initiative aligns with the BNB Chen Mem Liquidity Support Program launched on 18 February. The program highlights top meme coins by adding permanent BNB liquidity to win the pool of projects from the Wallet of BNB Chen Foundation.
Eligible tokens should be originally launched through approved platforms on BSC including four. Meme, burve, gra.fun, pinksale, flap, tokenfi, beeper, holloworldai, and pankakeswap springboard.
Zhao: The token sent will be left or burnt
Expecting the announcement of Zhao, expecting a response, came with a warning to those who tried to send tokens to their address.
“If you send money at this address with hope that I will send them back so that you have a linked transaction or conversation with me, you are greedy,” he said.
The former exchange head reported that returning such tokens will do unnecessary work and will encourage more opportunistic sending. Instead, Jhao has planned to either leave the token untouched or burn them. “I won’t support any tokens,” they insisted.
Zhao also briefly considered converting the token obtained to BNB, which sends unwanted tokens of atherium founder vitallic beeturine. However, he abandoned the idea after considering market influence concerns and necessary extra efforts for existing holders.
“I usually choose the least work,” said Jhao.
The statement shows Zhao’s approach during its limited participation in the crypto markets, while the money laundering is serving a four -month prison sentence for violations. They have maintained a surprisingly active social media appearance during this period, commenting on the situation of the market regularly.
Addressing market instability in a recent post, Zhao advised that investors who feel stress should consider reducing their exposure.
“Dips are a part of free markets. No financial advice. If you insist about it, you probably should reduce your investment size, “Jhao wrote, avoiding Crypto as a” world vision shift “.
Jhao resigned as CEO of Benance in November 2023. He succeeded by Richard Teng.
