Here is the English translation: The recent period has seen Binance founder CZ attempt to get his hands dirty by buying on-chain memes and shilling on-chain memes, actively expressing his views in the community and attracting attention. CZ posted on the X platform yesterday (1), proposing a crazy idea about token issuance and curiously asking "What if someone issued a token with the following token economics?" CZ's Ideal "Token Economics" CZ explained that initially, 10% of the tokens would be unlocked and sold in the market. The proceeds would be used for the project team's product/platform development, marketing, salaries, and other affairs. And in the future, each unlock must meet all of the following conditions: 1. **6 months after the previous unlock.** 2. **Only when the token price has maintained above 2 times the previous unlock price for more than 30 consecutive days prior to the unlock day.** 3. **A maximum of 5% of tokens can be unlocked each time.** For example, if the TGE was in January at $1, then in June, if the token price is still below $2, no more tokens can be unlocked. Assuming the token price has been above $2 from July 4 to August 3, then on August 3, 5% of the tokens can be unlocked into circulation. Assuming the price on August 3 is $3, the next earliest possible unlock time would be March 3 next year, and only if the price has been above $6 for more than 30 consecutive days. The project team has the right to delay or reduce the size of each unlock. If they don't want to sell more tokens, they can choose not to sell. But they can only sell (unlock) a maximum of 5% each time, and then they must wait at least 6 months, and the price must double again. The project team has no right to shorten (the unlock interval) or increase the size of the next unlock. The tokens should be locked in a smart contract controlled by a third-party private key. CZ believes that this token economics can prevent a flood of new tokens entering the market when prices are depressed. It also provides long-term incentives for the project team to build. Due to CZ's recent frequent comments on on-chain memes, the community has been speculating whether CZ is going to issue a token? Unfortunately, the previously self-proclaimed non-meme coin issuer CZ reiterated in his latest tweet that "he has no plans to issue a new token" and that it was just an idea for discussion. CZ: Corrections are a Natural Phenomenon of the Free Market On the other hand, regarding the recent crypto market crash that saw Bitcoin briefly plummet to $78,258, CZ posted a comment yesterday: Downturns are part of the free market. If you feel stressed about it, you may want to reduce your investment size. (In other words, if you view crypto as an investment.) If you get shaken out during the downturn, scale your investment size down to a level you can handle. Mental fortitude beats any market volatility. Regarding CZ's previous revelation that he quit his job and sold his house to venture into Bitcoin, a netizen commented that he also likes to take risks, to which CZ explained: That level of risk is within my capacity. Shortly after I invested in Bitcoin, the price dropped from $600 to $200 and stayed there for about 18 months, but I was able to maintain the same standard of living. My lifestyle was not severely impacted. I had income. CZ also replied to a netizen that he had sold his house for less than $1 million (about NT$33 million) at the time.