Cristiano Ronaldo was demanded a billion

Cristiano Ronaldo suffered from cooperation with crypto exchange Binance. We all (at least the majority of the world’s population) love football, and when one of the best players of all time and nations speaks about something, we listen to it carefully and, of course, feel trust.

This trust is completely irrational. We know, for example, that Cristiano Ronaldo is extremely successful in football, and his opinion of football is, at least, noteworthy. But why did we choose to trust a football star when he advertises NFT from Binance?

It’s called "selling face". The image of a star multiplies confidence in advertising, although in most cases the star does not even know what he advertises.

I can understand, and I think it is normal for a "star" to advertise understandable products like shampoos, beverages, cars, fashion clothes. Fine! People have built a reputation and now it is monetized. However, reputation should not be abused!

I believe that if a "star" advertises a financial product that contains even a minimal share of risk, it is an abuse. Moreover, it is risky even for the star - a serious scandal with the advertised product can destroy the reputation earned by years.

That’s what happened to Ronaldo. I don’t know and I don’t want to know how much he made working with Binance, but he’s already got a billion dollar claim on his Binance NFT promotion.

Ronaldo’s situation is very bad. To admit that he advertised something he didn’t understand is to make himself look bad.

To agree to the charges is to incur financial losses.

The moral is simple: to do what you really know.

Superficial attitude to your business leads to losses.

 

#CristianoRonaldo #Binance #NFT