According to Jinse Finance, Ella Zhang, head of YZi Labs, reposted CZ's tweet about the 'crazy token idea' on platform X yesterday and announced that if there are long-term builders creating projects based on CZ's idea, they can apply to YZi Labs for priority review.
According to previous news, Binance founder and former CEO Zhao Changpeng (CZ) proposed a crazy idea for token issuance, where initially 10% of the tokens would be unlocked and sold on the market, with the proceeds used for the project team's product/platform development, marketing, salaries, etc. Subsequent unlockings must meet all the following conditions:
1. At least 6 months must pass since the last unlock.
2. The token price must remain above twice the last unlock price within 30 days prior to the unlock.
3. A maximum of 5% of tokens can be unlocked each time.
