Recent reports show that Binance founder Changpeng Zhao (CZ) owns a massive 64% stake in BNB Chain (BNB), propelling his net worth to $61 billion. Despite recent legal challenges, CZ’s influence in crypto remains strong.
As Binance continues to dominate the market, rumors suggest CZ is eyeing a new Ethereum token with immense growth potential. Let’s delve into the details.
Binance Founder’s Net Worth Soars with 64% Stake in BNB
Binance founder Changpeng Zhao (CZ) owns 64% of the BNB circulating supply. This stake in the cryptocurrency has contributed to CZ’s net worth, which Forbes estimates to be $61 billion, making him the 24th richest person.
Forbes believes CZ owns nearly 94 million BNB tokens in total. However, the report applied a 50% liquidity discount to his stake, as there is little chance Zhao could get near the full value if he tried to sell. Currently, BNB’s trading volume is about $1.6 billion worth of tokens per day, and its price has surged to $607.80, according to Coinmarketcap.
Despite CZ’s guilty plea and settlement with the U.S. Department of Justice in 2023, which included a $50 million fine and his stepping down as CEO, Binance’s dominance among crypto exchanges worldwide has increased.
According to Finbold, Binance’s share of the total spot market has risen to 42% in the six months since he left the company, up from an average of 38% in the two months before his settlement.
As CZ serves his four-month sentence in California’s Lompoc II federal correctional facility, BNB has been on a tear in 2024, surging 100% and outpacing other top cryptos such as Bitcoin (BTC), Ether (ETH), and Solana (SOL). With his increased fortune, analysts say CZ is now looking into this new Ethereum token. Let’s get all the details.
Experts Believe CZ Is Investing In The Hottest Ethereum DeFi Token
Amidst BNB’s price rise, analysts say CZ has found an Ethereum token with insane growth potential. RCOF is an Ethereum-based token that powers the RCO Finance ecosystem. But what is the RCO Finance project all about?
RCO Finance is a unique DeFi Ethereum blockchain platform enabling direct investment in real-world assets using artificial intelligence and machine learning. This blend of advanced technology makes RCO Finance a pioneering project in the DeFi sector.
The platform utilizes a robo advisor powered by artificial intelligence to provide market insights and efficiently manage portfolios. Investors can earn high returns through RCOF staking, access low-interest loans, and take advantage of up to 50x leverage.
Furthermore, no KYC requirements allow users to invest easily in Spot Bitcoin and Ethereum ETFs.
RCO Finance also features automated market makers and sophisticated trading tools with real-time data, supporting decentralized trading of derivatives like options, futures, and swaps. Users benefit from globally available debit cards and P2P transfers to enhance liquidity and convenience, ensuring quick and secure transactions.
The distribution of RCOF tokens is carefully designed to reduce the risk of pump-and-dump schemes. Half the tokens are available to the public, while a portion is set aside for liquidity.
The deflationary model, along with stage-based presale rounds and smart contract audits, boosts the utility of the Ethereum token and encourages active community participation.
Unrivaled Gains For Investors: Invest in RCOF For 10,000% Gains Today!
RCOF is an Ethereum token that goes beyond capital gains; it enhances platform security and embodies community governance and inclusion. The smart contracts driving RCO Finance’s operations are audited by Fireblocks, ensuring an added layer of trust and reliability.
Currently, the first presale of RCOF is priced at $0.0127. Sales have exceeded 18 million tokens and continue to grow. This marks a prime opportunity to buy the token, with investments potentially multiplying over 100 times during a bull market.
This cutting-edge Ethereum platform promises substantial success and a potential increase of up to 10,000%. Now is the perfect time to get involved and secure significant rewards.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.