CZ: YZi Labs may invest in projects that use BNB/BSC as the main payment option to develop good MVP

PANews March 8th news, CZ shared his thoughts on KOL's time tokenization in Binance Square:

"Time-based tokenization of its time, KOL, has recently reappeared. Despite various attempts in the past, none of them have been successful. I have always wanted to optimize the spread, not the time. LinkedIn, X provides this capability, but the threshold is too low, resulting in a lot of spam that makes them useless. This is the idea of ​​a platform for serious people to connect with each other.

A celebrity (KOL) connects his X (or LinkedIn) to the platform to verify who they are. He then sets a price for people to send messages, like 1 or 0.1 BNB. Anyone can pay the amount first to send a message to him/her. If the KOL does not respond within 5 days, 50% of the paid amount will be returned to the requester. Requesters still have to bear some expenses, which will block spam and encourage them to write messages effectively. KOLs are motivated to respond. They are paid 50% higher. Default settings based on my personal preferences:

• The maximum message length should be limited to 2000 characters, about two pages.
• Images are not allowed. Attachments are not allowed. (Virus download is not allowed)

The requester can include his contact information in the message. If KOL contacts them directly, he (and the platform) will receive a 50% less reward.

If KOL wants, he can reply to his contact information, and the conversation can continue on a free messaging app.

The platform charges a 10% fee for all transactions. In terms of payment, the requester pays cryptocurrency to the platform, and the platform then allocates 90% to the address provided by the KOL.

No new tokens are needed.

Not time-based tokens.

Hopefully, such a platform has enough demand to make it a sustainable business.

This may be a great way for KOLs or professional consultants to get paid for their responses.

I would use a platform like this. I will donate the cryptocurrency I receive to charity. This helps filter out just serious people to contact me. When the other party has some serious content to offer, I may move the conversation outside the platform, refund payments, and even offer rewards (such as security advice, etc.). I will then be able to open my DM to everyone and adjust the price based on how unpopular I am.

This model does not solve all problems. I'm not arrogant, I think many scammers are willing to pay 1 BNB to contact me.

YZi Labs may invest in a project that uses BNB/BSC as the primary payment option to develop a good MVP. It should take several days or a week to write code and perform security reviews. If the platform is secure enough, I will be the first user.

X, LinkedIn, or Square can build it as a feature, but big companies are slow to move. New websites may be faster. ”