The ZED Token Is Here!

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.

More about Zed Run

The NFT horse racing ecosystem, Zed Run replicates the multi-billion dollar equine industry on the blockchain, where horse owners can buy, sell, breed, and race digital horses. Based on Novus Earth, Zed Run horses are made up of four different bloodlines: Nakamoto, Szabo, Finney, and Buterin, all with varying degrees of rarity, scarcity, and purity. 

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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