ZED RUN announced the highly anticipated launch of its ZED Token in the project's Discord server early this morning.

Stable owners can now visit https://claim.zedtoken.com/ and sign in to claim their token allotment. Gas fees will be covered by Future Future Labs, who ZED RUN has partnered with on the ZED Token.

The number of $ZED tokens given to each stable owner is based on a snapshot that took place on June 1 of this year, and based on the following criteria:

Airdrop Factor	Engagement Metric	Allocation
Length of racehorse ownership	Ownership	33.00%
Number of paid races completed	Activity	22.63%
Number of free races completed	Activity	12.28%
Number of racehorses bred with your mare(s)	Activity	19.24%
Number of studs entered into Stud Farm	Activity	6.35%
Activation Bonus	Ownership	4.00%
NASCAR Pass Holders at Snapshot Date	Ownership	0.50%
Skin Owners at Snapshot Date	Ownership	1.00%
Support Allocation	Other	1.00%

ZED has allocated 7 percent of the total token supply to "early supporters" in the initial airdrop. Here is the complete distribution breakdown:

Group	Lock-Up Period	Release Period
Team	12 Months	24 Months
Backers
– Private Backers	6 Months	18 Months
– Existing Backers	12 Months	24 Months
– Advisors	12 Months	24 Months
ZED RUN Existing Users	No Lock Up	Fully Released
Play-and-Earn Rewards Treasury	No Lock Up	48 Months
Ecosystem Fund	No Lock Up	Fully Released
ZED Token Liquidity	No Lock Up	Fully Released
ZED Token Treasury	No Lock Up	48 Months

The project's whitepaper says the ZED Token will become "the main utility token and in-game currency of ZED RUN and is intended to be leveraged across P&E utility-based video games." In the whitepaper, it is also noted that the token is not intended to be used for purposes other than issuing goods and services provided by the issuer, and that the token "does not entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in the British Virgin Islands, Singapore or any relevant jurisdiction." Recently, there has been debate over whether certain cryptocurrencies should be considered securities in the United States.

The token will be used for governance purposes moving forward. A portion of the token allotment will be reserved for ecosystem development through an "Ecosystem Fund". Proposals can be submitted by the community and token holders will vote on which initiatives to pursue.

To learn how to claim the ZED Token, wartch ZED RUN's tutorial video here.

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