Binance Founder Changpeng Zhao Says He Has Never Sold BNB Holdings
Zhao stated he purchased BNB during its token generation event eight years ago and has held it since, except for some spending.
BNB
Summary
Binance founder Changpeng Zhao revealed he bought BNB in the first month of its token generation event eight years ago and has held it without selling, except for some spending. He stressed that his holdings were acquired with personal funds and not allocated by Binance.
Terms & Concepts
- BNB: Binance Coin is the native cryptocurrency of the Binance exchange, used for trading fee discounts and various ecosystem applications.
- Token Generation Event (TGE): An event marking the creation and initial distribution of a cryptocurrency token to participants.