💸$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 Listing Event (TLE)

The ZKX Token Listing Event is scheduled for 06 June 2024.

Token Distribution Breakdown

1. Trading Incentives - 18% will be designated for Trading Rewards. Out of this, 7M $ZKX tokens have been allocated to bootstrap the mainnet launch campaign and establish steady distribution rewards for OG Trade and Pro Trade products. This strategy is geared towards fostering a dynamic trading environment and active participation

2. 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.

3. 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.

4. 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.

5. DAO Treasury - The ZKX treasury overseen by the ZKX DAO (once formed) is allocated 12%. 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):

  1. Operations

  2. Grants

  3. User Adoption

  4. Sub-DAOs

6. Token Community Launch - 15% is allocated to the community for their contribution to building and shaping the ZKX Protocol. It is distributed through two phases of locked retroactive airdrops. The first phase is dedicated to the early adopters of our community, and the second phase will be done before the token listing.

7. 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.

8. Liquidity Bootstrapping Pool - We are setting up a Liquidity Bootstrapping pool on Fjord foundry for the token price discovery. This pool will help us in raising initial capital for the ZKX token and DEX. To know more about how price discovery happens in the Liquidity Bootstrapping Pool, click here.

9. At the time of TLE, the initial circulating supply will be 15.33% of the total supply. Breakdown of the initial circulating supply (15.33%):

  • Token Community Launch - 2.33%

  • Trading Incentives - 3.99%

  • Liquidity Bootstrapping Pool - 5%

  • Liquidity Provisioning for Market Making - 4%

  • Core Contributors, Investors & Advisors - 0%

10. Breakdown of the initial 3-month token vesting:

Month06 June 2024 (TLE)07 June to 06 July 2024 (whole month)07 July to 06 August 2024 (whole month)07 August to 06 September 2024 (whole month)

Token Community Launch

2.33%

~1.55%

~1.55%

~1.55%

Trading Incentives

2.68%

2.68%

2.68%

2.68%

Liquidity Bootstrapping Pool (LBP)

5%

0%

0%

0%

Liquidity Provisioning

4%

~0.18%

~0.18%

~0.18%

Investors

0%

~1.04%

~1.04%

~1.04%

Core Contributors

0%

0.5%

0.5%

0.5%

Advisors

0%

0.05%

0.05%

0.05%

Total Monthly % of the Release

15.33%

~6%

~6%

~6%

% of Cummulative Dilution

15.33%

~21.33%

~27.33%

~33.33%

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. To know more about the token launch announcement, click here.

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