ZED Token Hits New Highs

ZED Token Hits New Highs

The ZED RUN token is up 50 percent in the past 24 hours, according to crypto analytics platform DEX Screener.

After it was available to claim, the token sat around 4-5 cents for much of Thursday. Early Saturday morning the price jumped to 19.2 cents before settling at its current value of 13.5 cents.

The airdrop of $ZED represents only 7 percent of the total supply. 

Other airdrops without established utility hit their all-time highs around 24-48 hours. The Ethereum Name Service token (ENS) hit $41.49 within 24 hours of its release. $ENS is now worth $15.81.

ZED has said its token will become the “main token and in-game currency” of its game and will be the “primary way to interact (race, breed, and lend).”

How to Buy (and Sell) $ZED

To buy $ZED, users can import $ZED using their favorite decentralized exchange (Uniswap, Sushiswap, etc.) and the contract address (0x5eC03C1f7fA7FF05EC476d19e34A22eDDb48ACdc) for the token.

(The $ZED token is on Polygon, so users will have to switch to the network to complete any transactions.)

Users will then be able to swap the token for another, assuming that pair currently has liquidity (such as the WETH/ZED pair on Sushiswap). 

Users will also need to authorize the exchange to spend the token through a wallet transaction. To do so, users select the "Approve ZED" button, then confirm the transaction in their wallets.

To sell the $ZED airdrop, first, a user will need to connect their wallet to the token website and claim. Users can use the aforementioned exchange to swap their $ZED for another token.

Users have until Oct. 26 to claim the airdropped tokens.

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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