According to TechFlow, the token distribution protocol ZAP announced the token economics ($ZAP) and announced that it will conduct an initial token offering (IDO) on the Bybit Web3 platform. It is reported that the total supply of ZAP tokens is 350,000,000, and its specific distribution mechanism is as follows:
Community Treasury (25%) Vault Sales (20%) Team and Contributors (25%) Investors (15%) IDO (1%) Liquidity and Market Making (9%) Advisors (5%)
In addition, ZAP also announced that it will launch $ZAP tokens on multiple major exchanges in October, and will launch a new vault, token page, and innovative staking plan. The specific details will be announced soon. Previously, ZAP has cooperated with Nansen to launch the Zap Value Index (ZVI), which has established the foundation for the wallet-based reputation scoring system.
It is reported that ZAP is a community-driven token issuance protocol with three major services: ZAP Labs, ZAP Launch and ZAP Drops. Through vault sale and two rounds of financing, ZAP has raised a total of US$15.1 million, with investors including well-known institutions such as Rarestone Capital, Cypher Capital, and Sharding Capital.
