In a research report published by Binance, the distribution plan for the Renzo (EZ) tokens has been detailed as follows:
- 2.50% of the total tokens are allotted for the Binance Launchpool.
- 10.00% of the total tokens are for airdrops.
- Investors and advisors receive 31.56% of the total tokens.
- 20.00% of the total tokens are designated for team allocation.
- The foundation receives an allocation of 13.44% of the total tokens.
- DAO treasury allocation accounts for 20.00% of the total tokens.
- Liquidity allocation makes up 2.50% of the total tokens.
The report adds that EZ tokens will be utilized for voting on governance proposals associated with the Renzo protocol. Some of these proposals will be pivotal to the operating procedure of the protocol.
As of April 23, the total EZ supply stands at 10 billion tokens with a circulating supply upon launch of approximately 1.05 billion tokens (constituting about 10.50% of the total token supply).
Renzo (Protocol) streamlines intricate staking mechanisms for users, facilitating speedy collaboration with EigenLayer node operators and Active Verification Services (AVSs). Renzo's liquid re-staking token, ezETH, provides holders with re-staking opportunities, accompanied by liquidity.