CZ: YZi Labs opens project application portal to long-term builders

BlockBeats News: On March 2nd, Binance founder CZ announced in a post that based on his previous consideration of supporting projects using a new token model, YZi Labs has now opened the project application portal to interested long-term builders, and applicants will receive priority review from YZi Labs. BlockBeats previously reported that Binance founder CZ explained the new token economy model he had previously conceived, stating, "Some projects may try this token model, and we may even support some (not all) of them. To succeed, projects still need: products, communities, revenue, etc. Most importantly, we need founders with a sense of mission and trustworthiness. The new token economy model he had previously conceived has some advantages (or at least differences) compared to fixed time unlocking in the current market. Let's see what happens Yesterday, CZ expressed, "A crazy idea for token issuance. What would happen if someone issued tokens according to the following token economy model? Initially, 10% of the tokens were unlocked and sold in the market, and the proceeds were used for project team development of products/platforms, marketing, salaries, etc. Subsequent unlocking must meet all of the following conditions: at least 6 months since the last unlocking; the token price must remain twice as high as the last unlocking price within 30 days before unlocking; and a maximum of 5% of the tokens can be unlocked each time