Recently, At the Launch of Liechtenstein Cryptoassets Exchange (LCX), Changpeng Zhao, Binance’s CEO reportedly told Michael Arrington, TechCrunch founder that 90 percent of the exchange’s employees receive their salaries in BNB coin since they themselves prefer to.
Arrington disclosed it on Twitter saying,
“Just one of the interesting things @cz_binance told me this week at LCX event: 90% of binance employees choose to receive their salary in BNB tokens. Smart people,”
Starting a trend, are we?
Binance Coin, popularly referred to as BNB, refers to the native token of Binance, the world’s largest cryptocurrency exchange.
Binance created BNB coin in 2017 with the motive to creating enough funds through it’s sale to cover the operational costs and further development of the exchange and the firm has been since buying back it’s tokens off the market through it’s profit share.
Though the news won’t be a shocker considering the disclosures from a few companies in last few months, who are propelling the mass adoption of cryptocurrency and blockchain through it’s main services.
For example, ETHBerlin, the biggest Ethereum meetup based in Germany, has chosen to replace all of it’s centralized services with decentralized alternatives, Since August, switching to dApps for it’s majority of applications like to livestream its events, book hotels for speakers, and to conduct raffles, among other operations.
Apart from paying their employees salary in BNB, there are other initiatives by Binance like the development of a decentralized exchange and a blockchain project accelerator to enhance the current cryptocurrency ecosystem.