Tokenomics
Zenland Fee (ZENF) tokens are ERC-20 utility tokens used to pay for all the services provided by Zenland or earned as a reward for participation in the official Zenland community programs.
Ticker | ZENF |
Type | ERC-20 |
Total amount | 200 000 000 $ZENF |
Token contract | TBD |
- Participate in airdrop campaigns to earn ZENF;
- Participate in bounty campaigns and beta tests;
- Use our escrow smart contracts and become an early adopter;
- Buy ZENF at TGE (Presale Round I will be announced soon)
- Follow us on social media to get updates;
At the time of ZENF token mint the following use cases have been established:
― Service fees
Depositing ZENF to their internal wallets on Zenland to pay the service fees for escrow and marketplace contracts, users will get a 50% bonus to their balances.
― Bounty and airdrop rewards
Community members participating in the official campaigns will be rewarded with ZENF. Prize pools for each campaign may vary.
― Platform improvement
ZENF will be used for beta tests, hackathons, and similar campaigns to ensure community contributions and improvement.
― Priority access to governance token generation events (TGE)
Once the Zenland DAO token is minted, the snapshot of ZENF holders at that time will be taken and these users will be first to participate in private TGE.
ZENF utility will expand as the Zenland escrow ecosystem and its community grows.
ZENF utility token IDO is planned for June 2023. It will be available on Uniswap (other DEX/CEX TBD) with a tentative price of $0.05 for 1 ZENF. News and key details of the presale rounds preceding IDO will be available through the official media channels.
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ZENF token allocation & vesting
Category | Percent (%) | Amount | Vesting |
|---|---|---|---|
Marketing | 21% | 42 000 000 | 4 months cliff, linear block-by-block release in 24 months |
Development | 18% | 36 000 000 | 4 months cliff, linear block-by-block release in 24 months |
Presale | 18% | 36 000 000 | 3 months cliff, linear block-by-block release in 3 months |
Team | 15% | 30 000 000 | 12 months cliff, linear block-by-block release in 24 months |
Community | 10% | 20 000 000 | 10% (1% of total supply) at TGE, linear block-by-block release in 12 months |
IDO | 8% | 16 000 000 | Fully unlocked at IDO |
Early adopters | 5% | 10 000 000 | Zenland user reward funds; used as per program needs |
Treasury | 5% | 10 000 000 | Reserve funds for building Zenland DAO and unforeseen needs |
Last modified 1mo ago