Ella Zhang, head of YZi Labs, reposted a message on X (formerly Twitter) from CZ (Changpeng Zhao), the founder and former CEO of Binance. In her post, Zhang invited long-term builders interested in CZ’s token issuance concept to apply for priority review at YZi Labs.
CZ’s proposal, which has sparked considerable interest in the crypto community, introduces a unique approach to token issuance. Under this model, only 10% of the tokens are initially unlocked and sold on the market, with the proceeds funding product development, marketing, and salaries. Future token unlocks follow strict conditions:
1. At least six months must pass after the previous unlock.
2. The token price must have remained above 2x the previous unlock price for at least 30 consecutive days before the next unlock.
3. A maximum of 5% of tokens can be unlocked at a time.
This structured approach aims to promote long-term growth and ensure strategic token distribution.
