CZ releases "crazy idea of ​​token issuance", but says individual token-free issuance plan

PANews reported on March 1 that CZ posted on X platform that there was a crazy idea of ​​token issuance: What would happen if someone issued tokens with the following token economics?

Initially, 10% of the tokens are unlocked and sold on the market, and the proceeds will be used for the project team to develop products/platforms, marketing, compensation, etc. Each future unlock must meet all the following conditions:

1. Six months after the last unlock.

2. Only when the token price remains above 2 times the previous unlock price for more than 30 days before unlocking.

3. Get up to 5% of tokens each time.

For example, if TGE is priced at $1 in January, by June, if the token price is still below $2, more tokens cannot be unlocked. Assuming the token price is above USD 2 between July 4 and August 3, 5% of the tokens can be unlocked into circulation on August 3. Assume that the price on August 3 is $3. The next earliest unlock time is March 3 next year and will only be unlocked if the price is above $6 for more than 30 days.

The project team has the right to decide to postpone or reduce the size of each unlock. If they don't want to sell more, they don't have to. But each time they can sell (unlock) up to 5%, then they have to wait for at least 6 months and the price doubles again. The project team does not have the authority to shorten or increase the scale of the next unlock. The token will be locked through a smart contract that controls the keys by a third-party. This can prevent new tokens from pouring into the market when prices are low, and also incentivize project teams to build for a long time.

However, CZ emphasized that it has no plans to issue new tokens, it is just an idea of ​​discussion.