🚨🚀BIG NEWS FOR ALTCOIN FROM CZ BINANCE!🚨

Changpeng “CZ” Zhao, co-founder of Binance, recently proposed a novel token issuance mechanism aimed at promoting fairness and protecting retail investors in the cryptocurrency market. The key components of his proposal include:

• Initial Circulation: Only 10% of the total token supply would be available at launch, ensuring price stability.

• Conditional Unlocks: Subsequent token unlocks are limited to 5% and are contingent upon the token maintaining a price at least twice the previous unlock price for 30 consecutive days.

• Monitoring Entity: A neutral entity would oversee token performance to determine eligibility for further unlocks.

• Protection Mechanism: If the token underperforms, unlocks would cease, preventing potential negative impacts on retail investors.

Ella Zhang, head of YZi Labs (formerly Binance Labs), endorsed CZ’s proposal by announcing that developers interested in implementing this model can apply to YZi Labs for priority review.

This initiative aims to revolutionize token launches by aligning project success with investor protection, potentially leading to more sustainable and equitable growth in the cryptocurrency market.

Disclaimer: Cryptocurrency investments carry inherent risks due to market volatility. This information is for educational purposes and should not be considered financial advice.

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