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CZ’s Fix For Crypto Chaos? New Token Model To Calm Crypto Volatility

Changpeng Zhao (CZ), the founder of Binance, has put out a strategy that might change the way new crypto enters the market.

His strategy seeks to maintain stable token pricing while fostering long-term project success. This approach would employ a more controlled, gradual distribution of tokens based on price and time conditions rather than releasing massive amounts of tokens all at once.

According to CZ, during launch, only 10% of a token’s entire supply should be accessible. This small portion would fund platform growth, salaries, marketing, and development. The remaining 90% would be locked and be subject to rigorous limitations on their release date and method.

CZ’s Fix For Crypto Chaos? New Token Model To Calm Crypto Volatility

Changpeng Zhao (CZ), the founder of Binance, has put out a strategy that might change the way new crypto enters the market.

His strategy seeks to maintain stable token pricing while fostering long-term project success. This approach would employ a more controlled, gradual distribution of tokens based on price and time conditions rather than releasing massive amounts of tokens all at once.

According to CZ, during launch, only 10% of a token’s entire supply should be accessible. This small portion would fund platform growth, salaries, marketing, and development. The remaining 90% would be locked and be subject to rigorous limitations on their release date and method.

https://bitcoinist.com/czs-fix-for-crypto-chaos-new-token-model-to-calm-crypto-volatility/