Competition is low, cost of acquiring users is low. Even within the cryptocurrency space at that time, data business is something nobody pays attention to. Start with a niche, that has the potential to scale - We started CoinGecko in 2014 when bitcoin & cryptocurrency are considered a niche. Our burn rate is low, we can skip taking a salary and live on simple hawker food to get by.ĥ. We are based in Malaysia where cost of living is relatively low. Live in a low cost area - "Stay hawker profitable and hawker sustainable". Defer hiring also forces you to find various hacks to getting the job done effectively with limited resources.Ĥ. Salary can take up the highest cost, especially when we are still validating ideas or looking for product market fit. Defer Hiring - We started in 2014, and deferred hiring until 2018. While it is tough to do everything, it's the one way to learn how difficult the task is and helps you identify who is the next best person to fire yourself from the job.ģ. Initial founders need to be able to cover all grounds from the start such that we never desperately need to hire. These are 2 most basic skills to get any product off the ground. Diversified Founding Team - I do tech and Bobby sells. You can be assured that you will end the day with a win, even if your startup is inching along.Ģ. Doing a startup can psychologically mess you up, and that's why having a fulfilling job is important to help keep your momentum going. This helped us continue to put roof over our heads and pay for food. Do it on the side - Bobby Ong and I started CoinGecko as a side project while we kept our day jobs. Today, we have grown to become one of the largest crypto website in the world with 35+ employees, and closed the year in 2021 as the global top 10 website in the finance industry.ġ. Please refer to our Terms of Use for more information.ĭisclaimer: Binance.US reserves the right in its sole discretion to amend or change or cancel this Referral Program at any time and for any reasons without prior notice.In 2014, we founded CoinGecko as a bootstrapped company with an upstart capital of $100. Binance.US is not responsible for any loss that you may incur from price fluctuations when you buy, sell, or hold cryptocurrencies. The volatile and unpredictable nature of the price of cryptocurrencies may result in a significant loss. Risk warning: Buying, selling, and holding cryptocurrencies are activities that are subject to high market risk. Binance.US Referral Program | Frequently Asked Questionsĭownload the Binance.US app to trade on the go: iOS | Androidįollow us on social media to stay up to date with Binance.US news and announcements:īinance.US reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.Your Guide to the New Binance.US Referral Program.The total trading volume accrued across spot market trading pairs counts towards the $100 total. Qualified trades include trades placed on our Spot Market trading pairs. The total dollar amount of your crypto buy counts towards the $100 total. *Note: Qualified buys include orders placed on our Buy Crypto page. You must be logged in to participate.įor more information about the Referral Program, including answers to commonly asked questions, check out our Referral Program FAQ. Visit the Referral Program page to review the Terms and Conditions of the Referral Program. Binance.US customers can now get $10 each for every referral who signs up and buys and/or trades* $100 or more in their first 30 days, calculated starting from the date they complete account verification.
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