Binance's CZ Sets $120 Fee to Limit Inquiries, Boost Interaction Quality

Changpeng Zhao, commonly known as CZ, the CEO of Binance, recently took to social media to address the influx of messages he received following the launch of the Pay to Reach product. CZ expressed his frustration with the volume and nature of the inquiries, which ranged from trivial questions like "Are you there?" and "What did you have for dinner?" to requests to evaluate meme coins and broad questions about entrepreneurship. He advised users to refrain from seeking paid consultations for questions that are either too short or too broad to provide a meaningful answer.

CZ's message highlights the challenges faced by public figures in managing the volume of inquiries they receive, especially when those inquiries are not conducive to productive conversations. By setting a consultation fee of 0.2 BNB, approximately $120, CZ aims to limit the daily message volume to around 10 messages. However, he acknowledges that this may not be feasible given the nature of the questions received. Many of the messages are either too short or revolve around grand themes, making them difficult to respond to effectively.

This directive from CZ is part of a broader effort to enhance the quality of interactions within the Binance community. By encouraging users to ask more focused and detailed questions, CZ aims to ensure that consultations are productive and beneficial. This approach not only helps in providing more accurate and relevant answers but also saves time and resources for both the consultants and the users. The move is expected to foster a more informed and engaged user base, ultimately improving the overall user experience and contributing to the growth and development of the platform.

In summary, CZ's advice to refrain from paid consultations for "boring" questions is a strategic move to enhance the quality of interactions within the Binance community. By setting clear guidelines on the type of questions suitable for paid consultations, CZ hopes to foster a more informed and engaged user base. This initiative is expected to improve the overall user experience and contribute to the platform's growth and development.