Foundation

Everest

Metaverse platform ZTX announced that it will launch its token $ZTX on October 16 with a Genesis Airdrop. The $ZTX tokens can be used for community governance, purchasing in-game assets, and accelerating game progress. Additionally, the platform will be funded through a token buyback program that includes burning (reducing the total supply), providing rewards to players (incentive pool), and funding the treasury.
The total supply of $ZTX is 10 billion, with 5.5% allocated to early investors and advisors, 9.5% allocated to ZEPETO, 16% allocated to the core team, 10% allocated to the community fund, 1% allocated to the initial $ZTX liquidity, 4% share of the Genesis airdrop, 35% allocated to X2E Rewards, 15% allocated to the ZTX Foundation treasury, and 4% allocated to MM liquidity.
Previously, ZTX, the South Korean metaverse platform founded by Zepeto and Jump Crypto, closed a $13 million seed round led by Jump Crypto with participation from Collab+Currency, Parataxis, MZ Web3 Fund, Everest Ventures Group, and others.
<img src="https://s2.tokeninsight.com/static/calendar/img202310090318465bb3ad1b-bc55-4d11-be4d-b5fd83c5f891.jpg">
Stay updated with the most important <a target="_blank" href="https://tokeninsight.com/en/news">cryptocurrency news</a> and valuable insights, conveniently delivered to your email every day. <a rel="noopener noreferrer nofollow" target="_blank" href="https://mailchi.mp/tokeninsight/newsletter">Subscribe to the TokenInsight mailing list now!</a>
Prefer social media? Follow us on <a rel="noopener noreferrer nofollow" target="_blank" href="https://twitter.com/tokeninsight">Twitter</a>, or subscribe to our <a rel="noopener noreferrer nofollow" target="_blank" href="https://t.me/TokenInsightchannel">Telegram channel!</a>
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at <a href="mailto:news@tokeninsight.com">news@tokeninsight.com</a>

Metaverse Platform ZTX to Launch Tokens on October 16, 4% to be Used for Genesis Airdrop

TokenInsight

Other articles published on Oct 9, 2023

Bitcoin Hovers Near $28,000 Amid Geopolitical Tensions and Trader Speculations.

Binance launches dedicated UK domain to meet new rules

Decentralized Autonomous Organizations (DAOs): The Future of Blockchain Governance

DPEX Unveils “Aggregator Mode” on the Polygon zkevm Chain

Kraken Commits to Expand European Business, Plans to Acquire BCM

Ethereum Foundation Sells 1,700 ETH for USDC on Uniswap; Here’s Why

Join our free newsletter for daily crypto updates!