zkPass announces token economics: total supply of 1 billion tokens, community share 48.5%

ChainCatcher news, the privacy protection protocol zkPass has announced its tokenomics. The ZKP token is based on the ERC-20 standard, with a total supply of 1 billion tokens. The token functions include settlement medium, validator collateral, network points, service access, as well as cross-system verifiability and governance.

Regarding the token distribution and unlocking plan: the community accounts for 48.5% (12.5% unlocked at TGE, 6% linearly released over the first 3 months, and 30% released monthly over the next 5 years); early investors account for 22.5% (18 months linear release after a 12-month lock-up period); core contributors account for 14% (24 months linear release after a 24-month lock-up period); the DAO treasury accounts for 10% (5 years linear release); liquidity accounts for 5% (100% unlocked at TGE).