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BITWU.ETH|Mar 01, 2025 14:23
🧐 CZ releases' crazy idea for token issuance '——
The initial 10% of tokens will be 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 corresponding conditions in order to unlock, and the conditions are locked in the smart contract;
CZ post provides an example:
1) Assuming the Token Generation Event (TGE) occurs in January, with an initial price of $1, 10% of the tokens are unlocked and sold.
2) By June, if the token price remains below $2, no more tokens can be unlocked.
3) Assuming that the token price remains above $2 for 30 consecutive days from July 4th to August 3rd, up to 5% of the tokens can be unlocked and put into circulation on August 3rd, assuming the price is $3 at this time.
4) The earliest possible unlocking date is March 3rd of the following year, and it can only be done if the price is higher than $6 for 30 consecutive days before unlocking (twice the previous unlocking price of $3).
I think this is a good approach, as this model differs from traditional token unlocking schedules, which typically release tokens on a fixed schedule (such as monthly or quarterly) regardless of market conditions.
This unlocking may better meet investors' expectations and have higher restrictions on VC, which is more in line with the interests of the general public. However, it also increases complexity, and teams need to deal with time and price thresholds, which may be challenging in volatile markets.
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