Binance in a bit to tarnish Ronaldo's image

[stompix]

Remember, many people in crypto space never look at CZ like someone who can be guilty of anything, he maintained his statue for a while and he is a cool headed man, Ronaldo can believe that he is in a safe hands.

Anyone with a brain would have asked a few simple questions before entering an agreement with a company, like
- where is your company based...CZ:Crickets
- are you licensed for what you do...CZ:Crickets
-what's the thing with your company getting kicked from country after country....CZ:Crickets

Who cares?

I have always rated Messi anyway. 

So, did you buy some Planet token? 

[Mate2237]

Cristiano Ronaldo being a Global Figure would done some research before promoting such project because people like him, the agencies are watching them 24hours and any small error, they would come and picked them up. So they have to live a safety life. At first you have to know if the project is government approved and know everything about the project before doing your advertisement or marketing. And now that he has been sued to the law court for promoting such project what will he do?

[Ambatman]

The most important thing to many popular individuals is their reputation
It can be seen in this board where many reputable individuals are stringent on the type of campaign they enter or promote.
Christiano and his team should/would investigate any deal they entering into and I won't be surprised if they knew about the risk but believe the reward is worth the cost.
Besides the fans should face the consequences of their decision
Never trust anything posted by a  celebrity especially on cryptocurrency
This is why DYOR is emphasised.

[Plaguedeath]

It's not make sense Ronaldo to drag Ronaldo in this case, any big influencers will review what they promote, they won't accept any project that willing to pay huge amount because his reputation is more than just the money he earn.

I don't think people will say Binance is scam exchange, the fact most people still stick with Binance regardless the ex-CEO will going to jail and it's managed by new person.

Just like this forum, is someone who previously manage a legit project should receive negative feedback when that legit project turns scam in the future?

I have always rated Messi anyway. 

[Kelward]

This should be another lesson to followers of Ronaldo, and any other top celebrities and influencers to research any projects or products that the people they idolize promotes, especially if it's not what the celebrity is into. Sometimes I wonder if celebrities really consider their reputations and accountability to their fans before accepting to endorse anything, it's very sad that these celebrities only cares about the money that they'll be paid. Binance is a big brand, same with Ronaldo, it's the ignorant people that accepts anything that's endorsed by the latter that'll bear the lose when the ship sinks.

[JollyGood]

What are the chances the group action against Cristiano Ronaldo will be successful? Even if the case had merit and Cristiano Ronaldo was found to be liable to pay money, there would be an appeal and that could result in favour for the footballer.

This will go on for a long time before a Court decision will be made but either way it will open the doors for other investors to take celebrities to Court and try to get money from them if they advertised/promoted business they lost funds in.

[Volimack]

Cristiano Ronaldo is one of the biggest stars in the world of football. The best time of career played by celebrities is to think about everything first and then participate. Such big stars will never pay themselves without research in this kind of project except in the world of sports. The project should be thoroughly tested before whether it is safe or not. If you do not maintain your own safety you will move away from there. Celebrities are very conscious of their money.

[moneystery]

why are you blaming binance? doesn't ronaldo's team also consist of professionals who should have already found out various things related to the brands that want to work with them? of course they understand what risks they will accept and how they will overcome them. if you think that ronaldo doesn't know anything about binance and immediately signed a contract to become their brand ambassador, then you are wrong, because long before they signed the contract, ronaldo's team had already found out a lot about binance, because it's not easy to make a star as brand ambassador.

moreover, regardless of whatever binance does, it has nothing to do with ronaldo, because he is just a brand ambassador and doesn't know anything about binance's operations. if in the end binance does something that damages their reputation, then at any time ronaldo could leave as their brand ambassador.

[JollyGood]

Cristiano Ronaldo has used his image to promote various entities over many years and in the process has benefitted with a lot of money going in to his bank account. He has a very big team behind him, he has a full network of advisors on his payroll therefore if any promotion/deal of his manages to go wrong, they are the ones who are responsible alongside Cristano Ronaldo himself.

I agree with you, Binance as a business did nothing wrong when they hired one of the most famous sports stars, they got the promotion and he got the money. To blame Binance for the issues Cristano Ronaldo is now facing seems extremely unfair to me.

why are you blaming binance? doesn't ronaldo's team also consist of professionals who should have already found out various things related to the brands that want to work with them? of course they understand what risks they will accept and how they will overcome them. if you think that ronaldo doesn't know anything about binance and immediately signed a contract to become their brand ambassador, then you are wrong, because long before they signed the contract, ronaldo's team had already found out a lot about binance, because it's not easy to make a star as brand ambassador.

moreover, regardless of whatever binance does, it has nothing to do with ronaldo, because he is just a brand ambassador and doesn't know anything about binance's operations. if in the end binance does something that damages their reputation, then at any time ronaldo could leave as their brand ambassador.

[Davidvictorson]

Are you saying that celebrities are not permitted to promote anything related to cryptocurrency? How then do Bitcoin get the much needed exposure and adoption that we all chant about everyday? Cristiano Ronaldo did advertisement which is what anybody can do, his team might have researched and saw nothing wrong with Binance and the projects/programs involved but if it turn out to be bad, they are not supposed to be held responsibility as no one was forced to invest in them.

Now you wear the signature of a crypto-powered casino which by extension is a cryptocurrency platform. How will you feel if you are sued for wearing such signature if something happens in the future? It was not long when there were issues with mixers that were heavily promoted in this platform, will it be fine to sue all those that wore the signatures of those failed projects? By supporting that C. Ronaldo be sued, you are directly practicing double standard and that is not good. Meanwhile don't take my comment as a direct attack, we are just having a conversation and sometimes it is good we keep level playing field for everyone irrespective of their social status.

I think that you missed my point, so let me break it down for you:

• I never implied that celebrities shouldn't promote anything crypto related.
• I meant was, if they promote it, they should know that there are potential downsides. If things go south like they always do in cryptoland, these celebrities should be ready to face the consequences such as legal action.

Now, where did I suggest that  "celebrities are not permitted to promote anything related to cryptocurrency"?

[boyptc]

Cristiano Ronaldo being a Global Figure would done some research before promoting such project because people like him, the agencies are watching them 24hours and any small error, they would come and picked them up. So they have to live a safety life. At first you have to know if the project is government approved and know everything about the project before doing your advertisement or marketing. And now that he has been sued to the law court for promoting such project what will he do?

I don't think he did or his team.

What his manager probably told him that he'd earn money from that endorsement and it comes with an NFT of his and everyone will purchase it.

Many celebrities have got into trouble for being ignorant of what they're advertising because of the offer to them which pays hefty money.

[JollyGood]

The USA seems to be the only country where celebrities and promoters are legally being held responsible for accepting money to promote a business retrospectively after the business collapses or if the investments failed. In my opinion, this is unfair and will only add more concern to any celebrity, sportsperson or influencer if they honestly believed they were promoting a genuine business.

I don't think he did or his team.

What his manager probably told him that he'd earn money from that endorsement and it comes with an NFT of his and everyone will purchase it.

Many celebrities have got into trouble for being ignorant of what they're advertising because of the offer to them which pays hefty money.