CZ participates in BNC renaming proposal vote, supports "BNB Standard"

BlockBeats news, September 18: Binance founder CZ stated that he participated in the community member vote for the renaming of BNB treasury company BNC. After weighing multiple candidate names, he found that his choice aligned with the voting results of other community members.

CZ believes that "BNB Treasure Company" abbreviated as BTC could easily cause confusion; "Strategy" easily reminds people of MSTR; and the word "Reserve" seems too conservative. In comparison, he prefers "BNB Standard," saying the name has more power.

BNC previously initiated a consultative vote, inviting the community to suggest a future name for the company, with candidate names: BNB Reserve, BNB Strategies, BNB Treasury Company, BNB Standard. BNC stated that the vote does not constitute a shareholder resolution, and the final name must still be approved by the board of directors and undergo legal review.

Affected by this news, CEA Industries bStock (BNCB) continued to surge past $6.5, with its 24-hour gain expanding to 33%.