Changpeng Zhao Proposes Smart Contract Solution for Token Distribution Control – BitRss

Changpeng Zhao, the founder of Binance, has introduced a new proposal based on smart contracts aimed at controlling token distribution. This initiative seeks to prevent uncontrolled distribution of new tokens in the marketplace, allowing only 10% of tokens to be available for sale while the remaining 90% remains unaffected.

Innovative Approach to Token Distribution

According to the proposal, the revenue from the tokens sold will be directed toward areas such as development, marketing, salary payments, and community building. It suggests that projects issuing tokens should implement a mandatory six-month waiting period before any new sales. Additionally, a new sale will only be permitted if the current token price reaches twice that of the previous sale price.

Long-Term Projects and Market Stability

The proposal allows for 5% of the total token amount to be released with each new sale transaction. Project teams will have the right to reduce or postpone the amount sold. This approach aims to prevent sudden price drops that could occur in the early stages.

The locking system under smart contract control aims to create a balanced access to the token market. In practice, an …