Renzo team modifies airdrop terms following community criticism
๐ The Renzo team has modified the terms of their $REZ asset airdrop. They've increased ๐ช the initial distribution from 5% to 7% after receiving criticism about the developers and the depegging ezETH.
Here are the detailed changes:
โบ The token claim date is now set for April 30, 2024. Tokens can be claimed one hour prior to the asset's listing on the Binance exchange.
โบ Community share of $REZ tokens will increase to 32% from the previous 30%.
โบ The overall airdrop volume will be 12%, distributed as 7% in the first stage and 5% in the second.
โบ Token share for Binance Launchpool platform users will stay at 2.5% of the total supply.
๐งโ๐ปThe developers have set the minimum participation threshold at 360 points, which is achievable by 99% of addresses.
Addresses holding over 500,000 points will receive ๐ only 50% of their tokens during the TGE. The remaining tokens will be gradually unlocked over the next three months. ๐ง
