APX (APX)

Is buyback just self-deception? “The market isn’t short of buyback stories, it’s short of long-term growth stories” — this question hits the nail on the head, but it indeed gets to the point.

In this Binance Square “Blockchain 100 People” live interview, we invited Aster founder Leonard @Leonard_Aster, a person managing hundreds of millions of TVL, yet always stays low-key online.

When talking about @Aster_DEX’s recent tokenomics upgrade, his answer was: buyback itself doesn’t create value, it only amplifies or transmits existing value; if the product isn’t competitive, the yield won’t be sustainable, and buyback naturally can’t hold up.

This answer is worth noting — many project teams tend to tell a story first then add logic, he did the opposite this time: first discuss whether the product works, then talk about whether buyback is worth it.
In the end, perhaps this is the original intention of most product founders, but the market is too noisy; whether one can keep persisting is the real test.

If you could prove only one thing to the market, would you aim to be “the most profitable DEX” or “the fastest-growing DEX”?
He chose the latter — market share is more important than short-term profit; if users disappear, the money earned can’t be recovered.

The full interview can be re-watched on Binance Square 👇 head to the comment section

#区块链100人 #币安广场

After Binance went overseas, Zhao Changpeng's Biji Technology has been selling exchange systems in China. This is Zhao Changpeng's old main line and the original core business.

When GMX became popular, they developed a GMX‑mode exchange, issued a token called APX. Resources were good, but both operation and technology were weak. It stayed lukewarm, never took off, and the technology fell short. It has suffered numerous security incidents (search "APX stolen" for details).

After the hype, they copied the hype and built a new exchange, then changed the APX token to ASTER. Operations remain weak, technology remains weak (after all, it’s the same group of old staff).

Relationship between APX and Biji: similar to the relationship between "Honor of Kings" and Timi Studio.

Relationship between Biji and Binance: similar to the relationship between Timi Studio and Tencent.

Right @cz_binance
#hype #bnb #okx #binance #aster