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BitcoinSistemi 2025-03-01 17:41:08

Binance Founder Changpeng Zhao (CZ) Proposes Changes That Could Deeply Impact Altcoins

Binance founder Changpeng Zhao (CZ) has introduced a new token issuance mechanism designed to prevent new tokens from being unlocked and released when prices are low. The model ensures that token unlocking is tied to continuous price increases and is regulated by a smart contract with a third-party controlled key. CZ outlined the proposed mechanism in a recent statement, describing it as a “crazy idea” for tokenomics. Key features of this model include: Initial Release: 10% of the total token supply is unlocked at launch and the proceeds are allocated to project development, marketing, salaries and platform growth. Subsequent Unlock Conditions: Tokens can only be unlocked if they meet the following criteria: A six-month gap between unlocks. The token price must have maintained at least 2x the previous unlock price for more than 30 consecutive days before a new unlock. A maximum of 5% of the token supply can be unlocked at a time. For example, if a token’s initial price is $1 in January, no additional tokens can be unlocked unless the price exceeds $2 for 30 days. If this happens by August, 5% more tokens could be released into circulation. The next possible unlock date would be in March of the following year, assuming the token price doubles again to $6. Related News: Cryptocurrency Announcement from the White House: On This Date, Donald Trump and His Administration Will Meet For Cryptocurrencies CZ emphasized that project teams will have the discretion to delay or reduce the unlocking, but will not be able to accelerate or increase them beyond the specified limits. The tokens will remain locked via a smart contract, and control of the keys will be entrusted to a neutral third party. Despite introducing the concept, CZ clarified that he has no plans to launch a new token under this model. Instead, he shared the idea to spark discussion within the cryptocurrency community. *This is not investment advice. Continue Reading: Binance Founder Changpeng Zhao (CZ) Proposes Changes That Could Deeply Impact Altcoins