CZ Gets Picky: Ex-Binance Boss Wants Fundamentals, Not Just ‘Fancy Models’

• CZ turned down a proposal to invest in a crypto idea.
• Binance’s former CEO highlighted his personal investment philosophy.
• There are bearable risks involved in early adoption.

Former Binance CEO Changpeng Zhao (CZ) turned down an acclaimed innovator’s proposal to collaborate on an idea for tokenizing assets. 

In his latest post on X, Zhao revealed an email exchange where an “acclaimed innovator” offered to partner on or sell an idea.

A real exchange I had on https://t.co/TEEwkPQFIa. An example of what not to do.

Incoming message (paid 0.6 BNB):

Proposal for a Revolutionary Asset Tokenization Model
Dear cz,
I hope this message finds you well. My name is X, and I am based in Dubai. I am reaching out to…

— CZ BNB (@cz_binance) April 3, 2025

Zhao posted his rejection email, highlighting why he declined. The Binance co-founder stated that buying ideas isn’t his focus and “fancy models” don’t interest him.

Related: The Product-Market Fit Test: When Do AI Agents Actually Need a Token? (CZ View)

CZ Outlines Core Investment Principles

Zhao’s reply detailed key aspects of his investme…

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