BlockBeats News, November 5, on social media, on the response to "its deployment of the ERC-20z token," on-chain detective ZachXBT stated: "Zora's user interface does not currently inform creators that an ERC 20 token will be launched at the end of the open edition NFT minting, and provided a screenshot as evidence. If people continue to @ me in the post, I will dilute this topic with more minting works that have no end date and may take other actions (replacing artworks on Zora with blank images). I never intended for people to speculate on the investigation; I just wanted a free digital collectible that could be permanently archived on the blockchain (e.g.: see my previous Mirror article)."
Previously reported, on November 5 at 1 PM, notzachxbt posted on social media stating that well-known on-chain detective ZachXBT deployed an ERC-20z token on the Base network on August 19, 2024, which automatically created liquidity pools using the Zora protocol. This token is part of ZachXBT's latest investigation report and uses Zora's new standard. A total of approximately 2,800 tokens were minted, and after the minting ended, the contract automatically deployed these tokens along with a portion of ETH revenue as a locked liquidity pool. All fees belong to ZachXBT.
The token price maintained a market value of under $10,000 for two weeks after minting, after which it began to attract the attention of traders, with most liquidity pools controlled by the DAO multi-signature wallet. Supporters of ZachXBT have formed a community around this token, creating memes, Telegram groups, and Twitter accounts, and even bridging the token to the Solana network for trading.