Zircuit Announces ZRC Token Economics: 21% Allocated to Airdrops and Community Rewards

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Cointime2024/08/06 05:57

By:Cointime

On August 5th,The EVM-compatible zkRollup network Zircuit has released the ZRC token economics in its official documentation. The total supply of ZRC tokens is 10 billion, with the following specific allocations: 21% for airdrops and community rewards (7% for the first season airdrop and 14% for future airdrops and community rewards); 12.61% for community governance; 17.93% for ecosystem development; 18.70% for the foundation; 18.74% for the team; and 11.02% for investors.Regarding the first season airdrop, 7% of the total supply of ZRC tokens will be allocated to the first season rewards, with 262,200 eligible independent addresses. The first season airdrop snapshot will take place on July 8th, 2024 at 00:00 Beijing time. The document also mentions that as ZRC approaches TGE (transferability), the information will be updated.

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