In June 2017, Zhao Changpeng founded Binance @binance, and then issued the platform currency $BNB, but it quickly broke after the ICO. On August 8, He Yi, who was already well-known in the entrepreneurial circle, announced that she would join Binance as CMO. BNB subsequently soared 18 times, and He Yi was also dubbed the "No. 1 in the coin circle". On September 4, the People's Bank of China and seven departments jointly issued the "Announcement on Preventing the Risks of Token Issuance and Financing", declaring ICO an illegal activity, known as the "94 Incident". A week earlier, the Binance team heard the news and moved from Shanghai to Tokyo. China's suppression did not have much impact on the decentralized encryption market. Various cryptocurrencies have sprung up like mushrooms after rain. Tron was born in September and Cardano was born in October. The market has been advancing all the way. On December 17, the price of Bitcoin was close to $20,000, which was the high point of this cycle. #币安故事