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Binance: A Case Study of BNB’s Success
Technical side, Binance has the ability to handle 1.4 million orders per second, combined with its ability to host 20 million users, and multilingual support, the exchange has huge capacity when it comes to taking on more users without slowing or stalling.
Forbes • Error PageSecurity Violation (403)
A basic model for evaluating web 2 hypergrowth tech businesses is looking at Customer Acquisition Cost (CAC) versus the Lifetime Value (CLV). Everytime you give away tokens can be likened to web 2 marketing spend (CAC), while CLV is the total of economic rewards (such as protocol earnings) that a user brings by using the platform.
Zee Prime Capital • Improving Community Distribution
In two years, Binance’s share of crypto trading had boomed, from 10 percent to 50 percent. It offered financial products that local regulators either had banned or had yet to approve, and the regulators did not seem willing to do much about it. Binance’s own exchange token, called BNB, was an example. BNB was to Binance what FTT was to FTX: a claim
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
NFX has proposed a similar idea called network bonding theory. According to this school of thought, tokens give early users a financial incentive to participate in a network. The addition of those users then allows the network to increase its utility and reach liquidity.