Binance Founder Proposes New Token Issuance Standards
- Changpeng Zhao (CZ) proposes a smart contract-controlled token unlock system.
- Only 10% of tokens will be initially unlocked for sale, with 90% remaining untouched.
- Proceeds from the initial unlock are allocated for development, marketing, salaries, and community building.
- Future unlocks require a six-month wait and a doubling of token price over 30 consecutive days.
- A maximum of 5% of total holdings can be unlocked each time, with the option to reduce or delay unlock sizes.
CZ’s proposal aims to prevent market flooding by controlling token releases through smart contracts and strict conditions, incentivizing long-term project development.
Source (2.6)https://coingape.com/binance-founder-proposes-new-idea-for-token-issuance/?rand=24432
