CZ, on Pomp's podcast: almost 100% sure funding will come back

22 Feb, 2019 | Updated: 22 Feb, 2019
by Alberto Arnaldo
CZ, on Pomp's podcast: almost 100% sure funding will come back

Earlier this week, Changpeng Zhao, CEO of Binance, had a most interesting conversation with Anthony "Pomp" Pompliano, partner of Morgan Creek Digital Assets and host of the "Off the Chain" podcast. In a segment of the conversation, CZ shared some interesting insights about what he envisions for the future of fundraising for crypto projects, which could as well be understood as thoughts on ICO's.

Once funding comes back, CZ believes that his ecosystem will help entrepreneurs grow when optimal market conditions are met. The CEO mentioned that different sets of regulations and rules are in the way, and his company wants to respect them:

I’m never a revolution kind of guy, I’m not extremely libertarian like many crypto people are, I’m not against any government, any individual, any company, any organization, I just want to improve things a little bit at a time, I’m not trying to remove banks, I’m not trying to revolutionize like Tesla. I just want to provide different alternatives and let people adopt, some of these things will work, and some of them won’t. That is kind of my world view”.

On the interview, the CEO of Binance repeated several times the idea that one of the goals of his company is helping entrepreneurs to raise money. “We want fiat coming to our world, to crypto”.

CZ believes that the Binance Launchpad is a key part of their ecosystem in this task, not only for the Binance ecosystem but also for others.

CZ admits being slowed down during the 2018 market crash, as many projects were being left out and some scams popped. However, he also believes that people learned from the experience and now know how to deal with that. The CEO of Binance showed confidence in the future of ICO’s, or any other possible format for fiat coming into crypto: “I am almost 100% sure that blockchain fundraising will come back”.

Read more: Substratum CIO asks clarification, CZ hints the day-trading of ICO fundsSurvey shows that 41% of institutional investors to invest in ICOs in the 5 years

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