Liquidity re-staking protocol Renzo announces token REZ economics and collection details: 30% will be allocated to the community
2024-04-24 08:12:58BlockBeatsShare to:
According to BlockBeats, on April 24, the liquidity re-staking protocol Renzo announced the economic model and collection details of its native token REZ. The total amount of REZ is 10 billion, and the initial circulation is 1.05 billion. The community will allocate 30% of the tokens, investors will allocate 31.56%, core contributors will allocate 20%, the foundation will allocate 13.44%, and Binance Launchpool and liquidity mining will each account for 2.5%. Renzo's first quarter incentive will end on April 26, and any user who sells their ezETH holdings before this date may not be eligible for airdrops. Users can claim REZ through claim.renzoprotocol.com on May 2. The community will distribute 500 million REZ (5% of the total) linearly, based on the ezPoints accumulated by users. The top 5% of addresses will have 50% of the tokens unlocked immediately, and the rest will be released linearly within 6 months. The second quarter incentive will start immediately on April 26. Additionally, 2% of the Season 1 5% airdrop (i.e. 0.1% of the total token supply) has been allocated to the following NFT communities: Milady Maker and SchizoPosters.Introduction To Crypto
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| | Price | Price Change (24h) | Trading Volume (24h) | Market Cap |
|---|
| BTC | $65,191.57 USD | +2.42% | $18,421,878,349.85 USD | $1,283,929,195,977.84 USD |
| ETH | $3,201.55 USD | +1.71% | $8,958,437,959.39 USD | $384,505,103,700.67 USD |
| GARI | $0.01838 USD | +22.94% | $2,886,128.72 USD | $5,235,565 USD |
| SOLX | $0.1891 USD | +11.53% | $1,561,002.48 USD | $0 USD |
| MLN | $15.78 USD | +10.97% | $581,483.51 USD | $21,896,691 USD |
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