GuShiio.com Regardless of whether the suggestions put forward by CZ can really be adopted by the industry, and may even face various challenges in the early stages of implementation, it has to be said that it is a beneficial guide for the development of the industry.
Following the dimensions of CZ’s thinking, we found that this idea essentially needs to solve the balance between “project indiscriminate issuance of tokens” and subsequent “sustainable development”, but there are actually many possibilities of “exploiting loopholes”. The following are additional optimization suggestions:
1) If the initial unlocking amount is small (10%), it can indeed reduce the risk of early investors, but it may also be manipulated by a small amount of money, which will aggravate the volatility of early token prices, and there are even some special 10% hype. Shell projects expected.
It is recommended to increase the initial unlocking amount (20%-30%?), In particular, it is necessary to set a minimum market value requirement to avoid being raised by the market value and being given chips. The most important thing is that early VC capital parties and partners in the supply chain, exchanges, etc. should come out to endorse and make transparent announcements on the team background, code quality, business logic, chip distribution, etc.;
2) If unlocking can be carried out only by requiring the price to be maintained at a certain high level, it may lead to collusion between the team and the big player, making the chip unlocking period directly related to price manipulation, which cannot protect the interests of a wider range of investors.
It is recommended to expand the observation period, such as 90 days. The most important thing is that a systematic and transparent “data report” disclosure should be carried out before unlocking, including monitoring of transaction volume, currency holding address, price volatility, large-value transactions, etc., to ensure that the simultaneous growth of price and supply is in a healthy state;
3) Simply binding price and supply cannot truly reflect the value of the project. For example, most MEME coins have no actual value. If only the price is maintained, the industry will lose the possibility of value creation and price matching, which will further weaken the right to speak in the industry’s technical narrative.
Therefore, some value dimensions should also be added to the above data report, including DAU, TVL, developer activity, community growth scale, technology implementation progress, number of ecological partners, project revenue level, etc., which can reflect value;
4) Tokenomics’s current dilemma is related to the imbalance between price and value, but the key crux is the lack of an effective “elimination and clearing mechanism”, which has led to the emergence of a large number of money-making projects, and even the project has become assembly line production. If this fails, go back to the furnace and rebuild one.
This kind of behavior of project parties dumping garbage projects that is divorced from basic supervision and moral constraints requires a mechanism to combat it. For example, if a project pledges a part of the USDT in the contract, if conditions for sustained growth cannot be truly triggered within one year, the entire industry will be liquidated and held accountable; community voting will be held regularly to make development suggestions and constraints on the project, such as voting to unlock and team allocation ratio;
Regardless of whether the suggestions put forward by CZ can really be adopted by the industry, and may even face various challenges in the early stages of implementation, it has to be said that it is a beneficial guide for the development of the industry. This kind of exploration, which starts with the design of Tokenomics ‘mechanism and attempts to solve the dilemma of the token economy model, makes people seem to see the spirit of those pioneers who devoted their efforts to preach BTC many years ago. Respect!
The green mountains will not change, but will become stronger over time. At a time when the industry is in various contradictions and difficulties, such whistleblowers and guides are needed.
