Original｜Odaily Planet Daily ( @OdailyChina )
Author: Wenser ( @wenser 2010 )
Last weekend, the market on BSC continued, and CZ played the role of ecosystem tester as usual. In addition to mentioning two meme coins, BNBCard and LUXUN , he also tried to open a long position in Mubarak through an on-chain contract on APX Finance ; at the same time, the Binance coin voting event is still going on, and there are less than 3 days left to announce the final winner. Although the market of Solana ecosystem meme coins is gradually warming up, BSC is still the hottest ecological paradise at the moment. Odaily Planet Daily will briefly sort out the CZ-style weekend market in recent days in this article. (Recommended reading The popularity has not decreased for a week, is BSC Meme really going to enter a new era this time? )
CZ’s Meme Coin learning journey continues, this time it’s on-chain contract exchanges
At 0:36 a.m. on Monday, March 24, Beijing time (Sunday night in Dubai time), CZ posted on the X platform: Some on-chain tests were carried out as usual on Sunday, nothing to get excited about. Ten minutes later, he updated again in the comment section: Testing is complete.
CZ admits: I have never traded a contract on CEX
Just when everyone was confused and guessing whether CZ had used a wallet to buy a certain Meme coin again, CZ then retweeted a revealing tweet released by crypto KOL 0x AA, and posted : Today is the first time to test the on-chain contract. I am trying to experience it, and also trying to see if (BSC) still has MEV (clamp). You may not believe it, but I have never traded futures contracts on Binance (CEX). But I have seen many product demonstrations.
Test results: CEX experience is better than on-chain transactions
When someone in the comments asked about the experience, CZ responded : “To be honest, it’s not as good as CEX. Also, I don’t understand why everyone can see your trading operations? My understanding of futures contracts is that you never want others to know your closing price. Maybe I’m out of date?”
Furthermore, he stressed : “Decentralization and privacy are different things. They can both be achieved simultaneously, for example using zero-knowledge proofs.”
CZ: I realized very early on that I was not suited to trading and I had no intention of becoming a trader
In addition, CZ also answered questions in the comment section that many people are concerned about, such as A product manager who doesnt want to be a user is not a good product manager. He mentioned : I have dealt with many futures systems in my career. I have traded before. I soon found that I am not a good trader. He also emphasized : I dont plan to be a trader. 😂
It can be seen that CZ is very self-aware of the level of his trading operations.
It also proves a simple truth: A successful person does not have to be omniscient and omnipotent. The key is to do the right thing at the right time.
Influenced by the above news, APX tokens rose by more than 38% in a short period of time, and its market value subsequently soared to US$924 million. As of the time of writing, according to GMGN data , APX is temporarily reported at US$0.076, and its market value has fallen back to around US$760 million.
APX Token Information
CZs Preview Alpha: APX and Mubarak related information has already been mentioned
It is worth mentioning that as early as the afternoon of March 23, CZ forwarded the news that Astherus launched the Mubarak and Bananas 31 contracts, and commented: Contracts on BSC. High risk, high volatility.
It can be said that CZ has continued his previous behavioral trajectory - preliminary announcement - small step attempt - announce to the community - look back at construction.
As an on-chain contract exchange invested by YziLabs (Binance Labs), Astherus, after integrating Apollox, has previously issued a statement stating that subsequent APX tokens will be directly exchanged for ASS tokens, thereby carrying out a wave of premeditated marketing for product interactions and token launches.
In addition, some people in the market speculate that as an investment project of Yzi Labs, although Astherus has not yet conducted TGE, there is a high probability that the ASS token will be listed on Binance in the future.
For more interactive tutorials about Astherus, please pay attention to the related articles published by Odaily Planet Daily.
CZ’s “Three Axes for Ecosystem Construction”: Speech Support, Operational Behavior, and Community Construction
Looking back, after experiencing the initial unsuitable platform of one call and one cool down, CZ has gradually figured out the different ways of calling for Meme coins and even using Meme coins to promote and assist the construction of the ecosystem.
In the first stage, CZ will often use his strong influence to spread some token projects or meme-like pictures through verbal support, so as to attract more market attention and even capital liquidity.
In the second stage, CZ will transition from verbal support to operational actions, such as buying TST and Mubarak tokens. Compared with the first stage, the support will be stronger, and the corresponding Meme coin projects will also be more boosted. At the same time, it can maximize the perception of the communitys views, suggestions and opinions on different token projects.
In the third stage, CZ will often promote the development of the Meme coin community through the path of small community driving big community, thereby driving the development of the BNB community and the BSC ecological community. It is quite clever, like small ball driving big ball and child coin driving parent coin.
The latest DEX platform data also confirms the effectiveness of this strategy.
According to Deflama data , the top three DEXs in terms of weekly trading volume are:
-Pancakeswap, with a weekly trading volume of $14.1 billion and a weekly increase of 41.93%;
- Uniswap, with a trading volume of $8 billion and a weekly decline of 43.83%;
-Raydium, with a trading volume of $2.5 billion and a weekly decline of 17.32%.
It can be said that benefiting from the proactive operations of CZ and He Yi, in the current market where BTC is volatile and altcoins are falling, the activity of the BSC ecosystem is temporarily in the first place.
As to whether BSC can continue this momentum and achieve the “Meme coin craze” that lasted for more than half a year like the Solana ecosystem, it still needs longer-term testing.
