The classic three-character term of blockchain forces you to ask: since ICO, how many tokens exchanged for ETH have surpassed the price increase of ETH itself?
In the world of cryptocurrency, some see the project as a sickle, some as an investment, and others as their own child. This emotional investment means accepting its entire lifecycle—from conception, labor pains, growth to independence. Besides Bitcoin and Ethereum, the story of Binance Coin (BNB) is indeed a heartfelt growth history.
Nurturing a life called 'Binance' and coining the word BINANCE
Before every healthy life is born, thorough preparation is needed. For a blockchain project, this means a solid 'health assessment': a clear product framework, a feasible financing plan, a sustainable token economic model, and real market competitiveness.
In 2017, Binance initially gained nourishment in the wave of ICOs. Subsequently, the industry faced the '94' shock, which became the 'prenatal test' of Binance's core competitiveness. While other exchanges hesitated, Binance decisively went overseas, embracing BTC, ETH, and USDT trading pairs first, completing crucial nutritional reserves.
Behind this are the excellent genes and meticulous care of the 'parents.' Founder CZ possesses experience in developing systems for the Tokyo Stock Exchange and understands the trading game well; while He Yi, known as 'Sister Yi,' brings a strong background in content and operations, injecting powerful brand and community affinity into the project. They formed the initial team, like creating a warm home for a newborn.
The first cry of new life.
In July 2017, BNB entered this world at a price of $0.15. However, the arrival of new life is not always filled with flowers. The price once dropped to $0.096, which raised many doubts and complaints in that fervent era. It's like a newborn arriving with some 'jaundice,' causing anxiousness among the 'family' filled with expectations. But this pain is a baptism that most lives must go through.
Full moon and 'February uproar': the first leap in growth.
Coincidentally, BNB's 'full moon' coincided with the industry's elimination wave, akin to a baby's 'February uproar,' with emotional fluctuations and frequent cries. However, experienced parents know that this is often a prelude to accelerated growth. The Binance team stabilized the 'child's' emotions, after which BNB began an astonishing growth trajectory, with prices climbing steadily. Every correction felt like a necessary 'cleanup' in the process of growth; true family would never disdain it, as it is a part of their own bloodline.
Experiencing a major illness: a global test.
At the end of 2019, the COVID-19 pandemic swept the globe, causing market crashes. This felt like a sudden major illness attacking all 'children' and 'adults.' At this time, what 'parents' can do is provide the most steadfast protection: supplementing liquidity (feeding water) and maintaining confidence (not maliciously shorting). The resilience of life erupts in crises; the child's antibodies increase, and the body becomes stronger, with BNB being reborn from $6.
Three years of independence: building one's own little world.
At three years old, children begin to learn self-care and explore a larger world. Correspondingly, the Binance Smart Chain (BSC) mainnet was launched. BNB is no longer just a platform token; it has its own home and ecosystem.
The emergence of applications like PancakeSwap is like a child making its first group of friends at school, starting rich interactions and learning. Of course, the new world is not without the 'bad uncle' scams (scammer MEME), marking the beginning of learning to discern risks.
Towards a broader world.
Now, BNB is like a seven-year-old schoolchild. The exchange is its warm home, while the thriving on-chain ecosystem is the school it attends daily. There, it learns, socializes, and creates value. It has learned to use wallets, make payments, and understand meme culture.
From nurturing to watching over, an endless companionship.
Looking back on BNB's journey, from the meticulous planning during the conception phase, the anxious labor pains at birth, the illnesses and storms during growth, to now stepping into the independent phase of youth, isn't it a complete narrative of life's growth? Investment and construction sometimes require not only rational calculations but also a kind of patience, faith, and unwavering commitment, akin to how one treats a child.
I wonder how many people can accompany a project through cycles with such a mindset? But it is certain that those 'children' cherished by their parents will eventually grow their unique vitality under the nurturing of time. BNB is like this, and every idealistic project should be too.