That is exactly 🎯 his good policy! The #pinetwork ecosystem has proven effective
Toi La Hoang Hieu
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CZ has proposed a token release mechanism with the following rules:
Initially, 10% of the tokens are unlocked and sold on the market, with the proceeds used for product development, marketing, employee salaries, etc.
Subsequent unlocks must meet all of the following conditions:
- At least 6 months have passed since the previous unlock. - The token price has maintained at least twice the price of the previous unlock for over 30 consecutive days immediately before the unlock. - Each unlock can be a maximum of 5% of the tokens.
For example: If the initial price is $1 in January, by June if the price is below $2 then it cannot be unlocked. If the price is above $2 from July 4 to August 3, it can unlock 5% on August 3. If the price at that time is $3, then the earliest subsequent unlock would be March 3 of the following year, and only if the price is above $6 for more than 30 days.
The project team can delay or reduce the amount unlocked, but cannot increase or shorten the time. Tokens are locked by smart contracts, managed by a third party.
Goal: Avoid token dilution when prices are low and encourage the team to build long-term. CZ emphasizes that this is just an idea for discussion, not a practical plan.
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