PANews reported on March 8 that CZ shared his thoughts on KOLs’ time tokenization at Binance Square:

“Time-based tokens, where KOLs tokenize their time, have recently re-emerged. Despite various attempts in the past, none have been successful. I have always wanted to optimize for communication, not time. LinkedIn and X provide this capability, but the threshold is too low, resulting in a lot of spam, making them unusable. This is the idea of a platform for serious people to connect with each other.

A celebrity (KOL) connects his X (or LinkedIn) to the platform, verifying who they are. Then he sets a price for people to send messages, like 1 or 0.1 BNB. Anyone can first pay that amount to send him/her a message. If the KOL does not respond within 5 days, 50% of the paid amount will be returned to the requester. The requester still has to bear a certain fee, which prevents spam and encourages them to write messages efficiently. KOLs are incentivized to respond. Their rewards are 50% higher. Default settings based on my personal preferences:

The maximum message length should be limited to 2000 characters, which is approximately two pages.
No images allowed. No attachments allowed. (No virus downloads allowed)

The requester can include his contact details in the message. If the KOL contacts them directly, he (and the platform) will receive 50% less compensation.

If the KOL wishes, he can reply with his contact information and the conversation can then continue on a free messaging app.

The platform charges a 10% fee on all transactions. In terms of payment, the requester pays the platform in cryptocurrency, which then distributes 90% to the address provided by the KOL.

No new tokens are needed.

Non-time-based tokens.

Hopefully there will be enough demand for such a platform to make it a sustainable business.

This could be a great way for KOLs or professional consultants to get paid for their responses.

I would use a platform like this. I would donate the crypto I receive to charity. This would help filter out only the serious people who contact me. When the other party has something serious to offer, I might move the conversation off-platform, refund the payment, or even offer a reward (like security advice, etc.). I would then be able to open my DMs to everyone and adjust the price based on how unpopular I am.

This model doesn’t solve all problems. I’m not being arrogant, I think a lot of scammers are willing to pay 1 BNB to contact me.

YZi Labs may invest in a project that develops a good MVP using BNB/BSC as the main payment option. It should take a few days or a week to write the code and do a security review. If the platform is secure enough, I will be the first user.

X, LinkedIn, or Square could build this as a feature, but big companies move slowly. New sites might be faster.”

CZ: Received $24,000 through Reachme.io in two days

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