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YZi Labs launches "Crazy Ideas for CZ Token Issuance" project application and will receive priority review

Ella Zhang, head of YZi Labs (formerly Binance Labs), reposted CZ's tweet on "crazy token ideas" on X platform yesterday, and announced that if there are long-term builders who create projects based on CZ's idea, they can submit an application to YZi Labs and receive priority review from YZi Labs.

Earlier news, CZ released a crazy token issuance idea, where initially 10% of the tokens are unlocked and sold on the market, with the funds used for project team development, product/platform, marketing, salaries, etc. Subsequent unlocks must meet all of the following conditions:

1. At least 6 months since the last unlock.

2. The token price must remain higher than twice the price of the last unlock for the 30 days prior to the unlock.

3. Only a maximum of 5% of the tokens can be unlocked each time.

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