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Changpeng Zhao, widely known in the crypto community as CZ, has shared some reminiscences with his army of followers on X social media platform. The photo he published showed one day in the life of the Binance team before the exchange was launched.
This took place as Binance celebrates the eighth anniversary of its foundation, which occurred in 2017.
Secret to building the world's largest exchange, from CZ
CZ shared a throwback to 2017, one of the days when Binance was being launched. On that day, he tweeted, he had dinner for the whole team delivered to the office. The “secret” and the foolproof method that Binance shared is simple – working hard: “The Binance team worked day and night.” In the photo, people are eating Asian food with chopsticks from cartons, sitting in a conference room of an office with a big screen on a wall.
This is the only way to build a successful company, he believes: “This was how the world's largest crypto exchange was made.”
BNB soars 10,000x since launch
In a tweet published on Monday, CZ also highlighted the astounding growth of Binance Coin (BNB) since its launch back in 2017. During the Binance ICO, the coin traded at $0.06 while, by Monday, it had spiked to $698 per coin.
At press time, BNB is changing hands at $680. Along with the rest of the altcoins, BNB has been following Bitcoin’s trajectory recently as BTC scored several new all-time highs in the past week. The most recent one was reached on Monday as the largest cryptocurrency soared above the $123,000 price level and then retraced, now trading slightly above the $117,000 level.
CZ commented on the new Bitcoin historic peak, stating that in the future the current price will be just a fraction of new all-time highs. He recalled the time when, in 2017, Bitcoin first soared to an all-time high of $1,000 (after CZ bought it in 2014). That price surge caused a lot of joy and excitement, CZ recalls. However, “now, that is just a small fraction, less than 1%,” he said.
Vladislav Sopov
U.Today Editorial Team