Dilemma and Dawn: Looking at the path of value return to the crypto industry from the "crazy idea of ​​Zhao Changpeng token issuance"

Author:Haotian

Following the dimension of Zhao Changpeng's thinking, it was found that this idea essentially needs to solve the balance point between "project abuse of tokens" and subsequent "sustainable development", but in fact, there are many possibilities of "taking advantage of loopholes". The following are some optimization suggestions:

1. If the initial unlocking volume is small (10%), it can indeed reduce the risks of early investors, but it may also be manipulated by a small amount of funds, which will intensify the volatility of early token prices. There are even some empty shell projects that specifically focus on 10% speculation.

It is recommended to increase the initial unlocking volume (20%-30%?), especially to set minimum market value requirements to avoid being raised from the market value and pouring chips. The most important thing is that early VC capital parties and partners, exchanges, etc. in the supply chain should come out to endorse and make transparent public disclosures on team background, code quality, business logic, chip distribution, etc.;

2. If you only require the price to be maintained at a certain high level, it may lead to collusion between the team and the big players, making the chip unlocking period directly related to price manipulation, which will not protect the interests of investors on a larger scale.

It is recommended to expand the observation period, such as 90 days. The most important thing is that before unlocking, a systematic transparent "data report" disclosure should be carried out, including monitoring of transaction volume, coin holding address, price volatility, large-scale transactions, etc., to ensure the simultaneous growth of prices and supply is in a healthy state;

3. Simply binding the price and supply cannot truly reflect the value of the project. For example, most MEME coins have no actual value, and if only prices are maintained, the industry will lose the possibility of value creation and price matching, which will further weaken the voice of the industry's technological narrative.

Therefore, some value dimensions should be added to the above data reports, including DAU, TVL, developer activity, community growth scale, technology implementation progress, number of ecological partners, project revenue level, and other measurement dimensions that can reflect value;

4. The current dilemma of Tokenomics is related to the imbalance between price and value, but the key problem is that it lacks an effective "elimination and clearing mechanism", which leads to the emergence of a large number of money-making projects, and even the project has become assembly line production. This failed and is rebuilt.

This kind of project dumping project behavior of project parties that are free from basic supervision and moral constraints requires a mechanism to confront it. For example, if a project pledges a part of USDT in the contract, if the conditions for sustained growth cannot be triggered in one year, the entire industry will be liquidated and held accountable; regularly conduct community voting to make suggestions on the project development and constraints on the project, such as voting modification and unlocking and team allocation ratio;

Regardless of whether the suggestions made by Zhao Changpeng can be truly adopted by the industry, or even in the early stages of implementation, it has to be said to be a useful guide to the development path of the industry. This exploration of trying to solve the dilemma of tokenomics mechanism design makes people feel like seeing the pioneers who devoted their efforts to preach BTC many years ago, who are very valuable in spirit, Respect!

The green mountains remain unchanged, and they become stronger over time. At the moment when the industry is in various contradictions and difficulties, such whistleblowers and guides are needed.