In this big market, a friend made 100, but was investigated by the bank for 800,000. The risk of USDT involved is high, and it may be frozen or even face serious consequences. So if you want to transfer the money back to your domestic bank account, you need to be cautious. There are legal ways: one is to withdraw USDT to the licensed BiyaPay wallet, convert it into US dollars and withdraw it to Wise or OCBC Bank. Wise can be transferred back to Taobao, Credit or Bank of China but there is a limit on the amount. OCBC360 accounts can be directly withdrawn in China and are not subject to the 50,000 US dollar limit; the second is to withdraw USDT through the licensed Kraken exchange and put it in the British bank of iFAST.
So how to make the first 1 million, you can take a look at @ListaDAO
clisBNB's impact
On Lista DAO:
Increase liquidity: introduce more liquidity to attract user investment.
Function expansion: provide more efficient transactions and lower fees.
On BNB ecology:
Enhance ecology: promote more project development and enhance BNB value.
Intensified competition: Stimulate optimization and innovation of existing projects.
For DeFi:
Interoperability: Enhance compatibility between different DeFi protocols.
Risk management: Introduce new mechanisms and improve security.
Strengths and weaknesses of Lista DAO
Strengths:
Community-driven: Mobilize members’ enthusiasm.
Decentralized governance: Users participate in decision-making.
Flexibility: Quickly adjust strategies.
Weaknesses:
Low governance efficiency: Slow response to market changes.
Security risks: There may be contract loopholes.
Lack of maturity: Technology and products are relatively immature.
Future development prospects of Lista DAO
Expanding ecology: Cooperating with DeFi projects.
User education: Increase participation.
Technological innovation: Optimize smart contracts.
Marketing: Attract users and investors.
Insights on BNB.xyz
Multi-functional platform: Integrate multiple functions to improve experience.
User-friendly: Attract novice users.
Security is important: Ensure the safety of user funds.
Community support: Promote the continuous development of the platform.
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