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Binance has been promoting its Futures contracts are literally agreements to buy or sell an asset on a future date and for a fixed price.... More Affiliate Program with its CEO, Changpeng Zhao, telling his followers to “monetize your friends.”
Would you monetize your friends? Some people might find the comment a little strange, but Binance CEO Changpeng Zhao thinks it’s a good way to promote his exchange’s referrals.
In a recent retweet, Zhao promoted Binance’s Futures Affiliate Program where one can earn up to 40% on trading fees. Any friends you invite also receive a 10% discount. As Zhao put it, the opportunity is perfect for those looking to “monetize their friends.” A strange comment, no less, and it was met with general confusion.
Is it appropriate to see your friends as opportunities for monetization? Some on cryptocurrency Twitter didn’t take too kindly to the insinuation.
— crypto bullet (@SilverBulletBTC) January 31, 2020
LMFAO WTF LOOOOL
— Anon255 (@Anon2553) January 31, 2020
Perhaps Zhao’s latest comments provide us with a window into how he thinks of ‘friends’—or maybe it was just intended as a joke. Still, roping your friends into referrals is generally a bad idea, especially if they start blaming you for their losses in the future. Many of us who went through the 2017 bull run know this very well, especially after coming back for the holidays in 2018 to disappointed faces.
Zhao is among the most outspoken individuals in the blockchain industry which has often garnered some unwanted controversy for the Binance CEO. For example, as BeInCrypto has previously reported, Zhao has been unrepentant amidst critics who say that he outright shills he wrote in a tweet earlier this month.(BNB) and (BTC). “I will personally continue to shill both,”
His most famous tweet, however, remains the one from August 2019 when he told users to “slap yourself if you sold BTC under $10,000.” That prediction has been the butt of endless jokes ever since Bitcoin dropped under $10,000 last year.
if you sold $BTC under $10,000.
— CZ Binance (@cz_binance) August 1, 2019
Zhao likely won’t stop being as outspoken in 2020 and we can be assured that the controversies will continue to follow.
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