The ZED Token Is Here!
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.
