Renzo announces REZ token economics and the process of claiming the first quarter airdrop rewards issued on May 2

On April 24, Renzo, a liquidity re-staking protocol, announced the economic model and claim details of its native token REZ. The total amount of REZ is 10 billion, and the initial circulation is 1.05 billion. The community will allocate 30% of the tokens, investors will allocate 31.56%, core contributors will allocate 20%, the foundation will allocate 13.44%, and Binance Launchpool and liquidity mining will each account for 2.5%.

Renzo's first quarter rewards will end on April 26, and any user who sells their ezETH holdings before this date may not be eligible for airdrops. Users can claim REZ on May 2 through claim.renzoprotocol.com. The community will linearly distribute 500 million REZ (5% of the total) based on the ezPoints accumulated by users. The top 5% of addresses will have 50% of the tokens unlocked immediately, and the rest will be released linearly within 6 months. The second quarter rewards will start immediately on April 26.

In addition, 2% of the first quarter 5% airdrop (i.e. 0.1% of the total token supply) has been allocated to the following NFT communities: Milady Maker and SchizoPosters. #Renzo #REZ #BinanceLaunchpool #ETH（以太坊） #EZ