The Renzo group reported a few changes to the circumstances for the REZ token airdrop.
As indicated by the venture, a few changes are normal in regards to the REZ airdrop. The Renzo group chose for increment the underlying circulation volume from 5% to 7% after analysis towards the engineers and the store of the ezETH LRT token.
We understand! The Renzo group recognizes criticism and the significance of our local area who has made Renzo the main restaking convention. We've updated the claim timeline, tokenomics, and eligibility for the airdrop based on your feedback. Snapshot and claim timeline: Snapshot date... — Renzo (@RenzoProtocol) April 24, 2024 In addition, the branding date has been moved up to April 30.
Tokens can be requested an hour before the asset goes live on the Binance exchange, and the community's REZ share will be 32 percent rather than 30 percent.
Additionally, the developers stated that participation in the distribution would require a minimum of 360 points, with 99 percent of addresses meeting this requirement. Larger wallets have higher requirements.
Only 50% of the TGE drop will be given to addresses with balances greater than 500,000 points; the remaining 50% will be unlocked linearly over three months.
You may also enjoy: Ethereum stakers leave Lido for Ether.fi and Renzo The Renzo protocol team has been criticized in the past, primarily because it was revealed that developers and large investors held 65% of the REZ supply.
In addition, some commentators claim that the protocol team made an attempt to misrepresent the asset allocation by employing an incorrect chart.
Renzo Protocol tweeted a similar distribution chart in the hopes that no one would notice.
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Steven (@Dogetoshi) posted this on April 23, 2024: pic.twitter.com/KpGBVRoRGT. Additionally, on April 24, the Renzo protocol's LRT token, ezETH, lost its connection to Ethereum (ETH).
Its current ratio to the underlying asset was 1 to 0.5, which is a decrease.
The Renzo project has become the 53rd project in the Binance Launchpool. $ezETH was briefly depegged to 0.5 $ETH or $1600RIP leveraged points farmers pic.twitter.com/wbgwqpmxh7 — Wazz (@WazzCrypto) April 24, 2024 The REZ token will be listed for the first time on Binance, and trading will begin on April 30.
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