Zhao Changpeng: YZi Labs will invest in a MVP project that uses BNB/BSC as the main payment option

PANews On March 11, Zhao Changpeng posted on Binance Plaza last weekend, saying: "Time-based tokens, namely KOL tokenize its time, has emerged again recently. Although there have been many attempts in the past, no one has successfully gained a foothold. What I have always wanted to optimize is not time, but reach. X (or LinkedIn) provides this capability, but the threshold is too low, resulting in a large amount of spam, making these platforms unusable. Here is a platform idea where KOL connects its X (or LinkedIn) account to the platform to verify its identity. Then, he sets a price, such as 1 or 0.1 BNB, for people to send messages to him. Anyone can pay the amount first and then go to him/her Send a message. If the KOL does not reply within 5 days, 50% of the payment amount will be returned to the requester. The requester still has to bear some cost, which helps prevent spam and encourages them to write the message effectively. KOLs are motivated to reply because they can receive an additional 50%. The platform charges a 10% fee for all transactions. In terms of payment, the requester pays the platform cryptocurrency, and the platform then transfers 90% of the payment to the address provided by the KOL. No new tokens are required. No time-based tokens are used. Hopefully the demand for the platform is large enough to make it a sustainable business. This may be a great way for KOLs or professional consultants to get paid for replying. YZi Labs may invest in a project that uses BNB/BSC as the primary payment option to develop a good MVP. This should take a few days/week of coding and security review. If the platform is secure enough, I will be the first user.”

Regarding this, Zhao Changpeng released an update on the X platform today saying: "There are already three prototypes. One will be selected for testing and investment."