Zircuit announces the ZRC token economics: 21% allocated for airdrops and community rewards.
PANews, August 5th - According to the official documentation, the EVM-compatible zkRollup network Zircuit has published the ZRC token economics. The total supply of ZRC tokens is 10 billion, with the following distribution: 21% allocated for airdrops and community rewards (7% for the first season airdrop, 14% for future airdrops and community rewards); 12.61% allocated for community governance; 17.93% allocated for ecosystem development; 18.70% allocated for the foundation; 18.74% allocated for the team; and 11.02% allocated for investors.
Regarding the first-season airdrop, 7% of the total ZRC supply is allocated, with 262,200 eligible unique addresses. The first-season airdrop snapshot will be taken at 00:00 Beijing time on July 8th, 2024. The document also mentions that as ZRC approaches TGE (transferability), the information will be updated.
