Changpeng Zhao, the founder of Binance, has proposed a new token unlock mechanism aimed at preventing the market from being flooded with new tokens during periods of low prices.
Under CZ's proposal, only 10% of the total token supply will be unlocked at the time of the launch.
Subsequent token unlocks will only happen if the token price has doubled compared to the previous unlock price and remains at that level for 30 consecutive days.
Zhao's proposal could reshape the future of token issuance by promoting long-term growth and reducing the negative effects of early token dumps.