💸ZKX Token Supply and Distribution
Details of $ZKX token supply allocations.
Total Token Supply
The total supply of $ZKX is capped at 100,000,000 (100 mil). The total token supply is fixed.
$ZKX Contract Addresses
There are 2 representations of the ZKX token; on L1 (Ethereum) and on L2 (Starknet).
For Ethereum L1, $ZKX contract address: 0xB91d822DfEF943165f368D92c16bAc9bD5Ec6842
You can check Etherscan.
Exchange Listing
$ZKX will be listed on KuCoin, Gate.io, and Bitget from 9 AM UTC, 19th June 2024.
Token Distribution Breakdown
1. Core Contributors - 15% will be allocated to core contributors representing the ZKX team's holdings. This allocation will be distributed over 30 months of vesting, acknowledging their relentless commitment and persistent drive to fuel the platform's growth.
2. Advisors - This embodies the 1.5% advisor allocation reserved for our current protocol advisors. Advisors are pivotal in shaping ZKX's strategic trajectory, offering insights and guidance throughout our journey.
3. Investors - 25% of ZKX tokens will be allocated to our investors who have supported our vision over the last two years. These tokens will be vested over a period of 24 months from the Token Listing Event.
4. Liquidity Provisioning - 8.5% of ZKX tokens are earmarked for incentivizing users and market makers to provide liquidity to the exchange and the token on AMMs and exchanges. Deep liquidity is pivotal in achieving ZKX's vision of becoming the leading DEX.
5. DAO Treasury - The ZKX treasury overseen by the ZKX DAO (once formed) is allocated 17%. The DAO Treasury allocation will be fully controlled by the ZKX community and is a strategic reserve to be deployed across a variety of uses, including (but not limited to):
Operations
Grants
User Adoption
Sub-DAOs
6. Community Airdrops - 15% is allocated to the community for their contribution to building, growing and shaping the ZKX Protocol. The 15% is divided into 4 airdrops to provide incentives to users throughout the year.
Airdrop 1 - 2.9m (Completed)
Airdrop 2 - 4m (Live 19 June 2024)
Airdrop 3 - 4m
Airdrop 4 - 4m
7. Community Trading Incentives - 18% is allocated for Trading Rewards, which aim to create a dynamic trading environment and encourage active participation.
8. At the time of TLE, the initial circulating supply will be 10.20% of the total supply. Breakdown of the initial circulating supply (10.20%):
Community Airdrops - 2.33%
Trading Incentives - 3.54%
Liquidity Provisioning for Market Making - 4%
Core Contributors, Investors & Advisors - ~0.33%
Breakdown of the initial 3-month token vesting:
| TGE Distribution | Total % of Tokens | 19 June 2024 | 20 June to 30 June 2024 | 01 July to 31 July 2024 | 01 August to 31 August 2024 | 01 Sept. to 30 Sept. 2024 |
|---|---|---|---|---|---|---|
DAO Treasury | 17.00% | 0% | 0% | 0% | 0% | 0% |
Community Airdrops | 15.00% | 2.33% | 0.57% | 1.61% | 1.61% | 0.88% |
Community Trading Incentives | 18.00% | 3.54% | 1.06% | 2.91% | 2.99% | 1.95% |
Liquidity Provisioning | 8.50% | 4.00% | 0.19% | 0.19% | 0.19% | 0.19% |
Investors | 25.00% | 0.31% | 0.38% | 1.06% | 1.06% | 1.03% |
Core Contributors | 15.00% | 0.02% | 0.18% | 0.52% | 0.52% | 0.50% |
Advisors | 1.50% | 0.00% | 0.02% | 0.05% | 0.05% | 0.05% |
Note: The Values denote a % of the total Circulating Supply.
To sum it up, there is a recurring theme in our tokenomics - the drive to empower both token holders and traders, all while upholding a balance between them. We will detail the progression of our token phases in the coming months.
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