In his latest post on X, Zhao revealed an email exchange where an “acclaimed innovator” offered to partner on or sell an idea.
Changpeng Zhao, the former CEO of Binance, has shot down an acclaimed innovator’s proposal to collaborate on an idea for tokenizing assets.
In his latest post on X, Zhao shared an email exchange where an “acclaimed innovator” reached out to partner on or sell an idea.
A real exchange I had on https://t.co/TEEwkPQFIa. An example of what not to do.Incoming message (paid 0.6 BNB):Proposal for a Revolutionary Asset Tokenization Model Dear cz, I hope this message finds you well. My name is X, and I am based in Dubai. I am reaching out to you today with an exciting proposal for a collaboration on an innovative concept that I believe could revolutionize the asset tokenization landscape and unlock new avenues for financial inclusion and growth. As an acclaimed innovator in the FinTech space, I have dedicated years to developing a comprehensive framework for seamlessly integrating real-world assets onto the cryptocurrency domain. Through this pursuit, I have had the privilege of advising several startups in their early-stage development, guiding them to secure substantial funding from renowned venture capitalists. In essence, my passion lies in identifying promising ideas and nurturing them into fully realized projects that leave a positive impact on the global financial ecosystem. I am writing to you today because I am brimming with an idea that I feel could be truly transformative, and I immediately thought of you as the ideal person to collaborate with on bringing this vision to life. I have developed a novel model for tokenizing assets such as real estate, commodities, and stocks, an area that has seen limited progress despite significant potential. My proposal provides a complete blueprint, encompassing the technical architecture, legal considerations, and economic feasibility of this endeavor. It also details how we can best cooperate to bring this idea to fruition, whether through a partnership or a potential acquisition of the concept. I am open to discussing both options further. I am available at your earliest convenience to schedule a call or continue our conversation. In the meantime, you can learn more about my work and contributions to the FinTech space through my website: [link to website]. I look forward to hearing from you soon and exploring the possibilities of transforming this idea into a resounding success. Best regards, X Incoming message (paid 0.6 BNB):Proposal for a Revolutionary Asset Tokenization Model Dear cz, I hope this message finds you well. My name is X, and I am based in Dubai. I am reaching out to you today with an exciting proposal for a collaboration on an innovative concept that I believe could revolutionize the asset tokenization landscape and unlock new avenues for financial inclusion and growth. As an acclaimed innovator in the FinTech space, I have dedicated years to developing a comprehensive framework for seamlessly integrating real-world assets onto the cryptocurrency domain. Through this pursuit, I have had the privilege of advising several startups in their early-stage development, guiding them to secure substantial funding from renowned venture capitalists. In essence, my passion lies in identifying promising ideas and nurturing them into fully realized projects that leave a positive impact on the global financial ecosystem. I am writing to you today because I am brimming with an idea that I feel could be truly transformative, and I immediately thought of you as the ideal person to cooperate with on bringing this vision to life. I have developed a novel model for tokenizing assets such as real estate, commodities, and stocks, an area that has seen limited progress despite significant potential. My proposal encompasses the technical architecture, legal considerations, and economic feasibility of this endeavor. It also details how we can best cooperate to bring this idea to fruition, which could involve a partnership or a potential acquisition of the concept. I am open to discussing both options further. I am available at your earliest convenience to schedule a call or continue our conversation. In the meantime, you can learn more about my work and contributions to the FinTech space through my website: [link to website]. I look forward to hearing from you soon and exploring the possibilities of transforming this idea into a resounding success. Best regards, X
Changpeng Zhao replied:
Hello X,
Hope you are having a productive day. Thanks for reaching out and sharing your thoughts. I am a strong believer in the potential of blockchain technology to transform various industries, and I am always interested in connecting with like-minded individuals who are pushing the boundaries of innovation.
However, I am not personally focused on buying ideas, especially not for a large sum. My investment strategy is primarily focused on startups and projects that are already demonstrating strong fundamentals, such as a viable product, a growing user base, and the potential for future revenues or profits. I am also keenly interested in the strength and experience of the team behind the project. These are the key factors that I consider when deciding where to allocate my investments.
Moreover, I prefer to invest early in projects that I believe in and hold them for the long term. Of course, investing in startups carries inherent risks, and many ventures unfortunately fail. However, I believe that the disproportionate rewards from the few projects that do
