YZi Labs has launched the "CZ Token Issuance Crazy Idea" project application and will receive priority review
Ella Zhang, the head of YZi Labs (formerly Binance Labs), retweeted the "token crazy idea" tweet released by CZ yesterday on the X platform, and announced that if there are long-term builders who create projects based on the idea of CZ, they can submit applications to YZi Labs and get priority review from YZi Labs.
Previously, CZ released a crazy token issuance idea. The initial 10% of the tokens are unlocked and sold on the market, and the proceeds are used for the project team to develop products/platforms, marketing, salaries, etc. Subsequent unlocks must meet all the following conditions:
1. It has been at least 6 months since the last unlock.
2. The token price must be continuously higher than twice the last unlocked price within 30 days before unlocking.
3. Only a maximum of 5% of the tokens can be unlocked each time.