CZ posted on X platform that they have a crazy idea for token issuance: what would happen if someone issued a token with the following token economics?
Initially, 10% of the tokens were unlocked and sold in the market, and the proceeds will be used for project team development of products/platforms, marketing, compensation, etc. Each future unlock must meet all of the following conditions:
Six months after the last unlocking.
2. Only when the contemporary coin price remains more than twice the previous unlocking price for more than 30 days before unlocking.
3. You can receive up to 5% of tokens each time.
For example, if TGE's price was $1 in January and the token price remains below $2 by June, no more tokens can be unlocked. Assuming the token price is above $2 between July 4th and August 3rd, 5% of the tokens can be unlocked and put into circulation on August 3rd. Assuming the price on August 3rd is $3. The next earliest unlocking time is March 3rd next year, and it can only be unlocked if the price is above $6 for more than 30 days. The project team has the right to decide whether to postpone or reduce the size of each unlock. If they don't want to sell more, they don't have to do so. 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 has no authority to shorten or increase the size of the next unlock. The token will be locked through a smart contract controlled by a third-party key. This can prevent new tokens from flooding into the market during low prices, while also motivating project teams to engage in long-term development. However, CZ emphasized that they have no plans to issue new tokens, it is just an idea for discussion.
