FTX aside, avoid businesses/exchanges/projects that:
- are not profitable (musical chairs)
- survive by selling their own tokens
- give high incentives for locking your tokens
- have a large total supply, but only a small circulation supply
- involves loans
Stay #SAFU 🙏
💩 journalism.
#BUSD is issued by Paxos, a NYDFS regulated entity, not Binance. The numbers are all wrong too.
These are users assets, in the form users choose to store with us. We don't convert for them.