Binance CEO CZ Proposes Time Tokenization for KOLs, BNB/BSC Stocks Surge

CZ, the CEO of Binance, recently shared his thoughts on the concept of time tokenization, particularly focusing on how key opinion leaders (KOLs) could tokenize their time. This idea involves KOLs linking their social media accounts to a platform, verifying their identity, and setting a price for messages they receive. The platform would use BNB/BSC as the primary payment option, with a refund mechanism to prevent spam and encourage meaningful interactions.

CZ outlined a detailed model where KOLs would set a price for messages, such as 1 or 0.1 BNB. If a KOL does not respond within five days, 50% of the payment would be refunded to the sender. This model aims to filter out spam and ensure that only serious inquiries are made. KOLs would be incentivized to respond, as their reward would be increased by 50%. CZ also mentioned that he would donate any received cryptocurrency to charity, further emphasizing the platform's commitment to genuine interactions.

Despite the potential benefits, CZ acknowledged that the model is not without its challenges. He noted that scammers might still be willing to pay to contact KOLs, highlighting the need for robust security measures. YZi Labs, a venture capital firm, may consider investing in a project that develops a minimum viable product (MVP) using BNB/BSC as the primary payment option. This project would require a few days or a week of coding and security review. If the platform is secure enough, CZ expressed his willingness to be the first user, demonstrating his confidence in the concept.

This initiative reflects a growing interest in leveraging blockchain technology to create more efficient and secure communication platforms. By using BNB/BSC as the primary payment option, the platform would benefit from the speed and security of the Binance Smart Chain. The concept of time tokenization could revolutionize how KOLs interact with their followers, providing a new way to monetize their time and expertise while ensuring that interactions are meaningful and valuable.