PANews reported on October 30th that the privacy-preserving protocol zkPass announced its tokenomics. The ZKP token is based on the ERC-20 standard and has a total supply of 1 billion. Token functions include a settlement medium, validator collateral, network points, service access, and cross-system verifiability and governance. Regarding the token distribution and unlocking plan: 48.5% for the community (12.5% unlocked at TGE, 6% linearly released in the first 3 months, and 30% released monthly for the next 5 years); 22.5% for early investors (linearly released over 18 months after a 12-month lock-up period); 14% for core contributors (linearly released over 24 months after a 24-month lock-up period); 10% for the DAO treasury (linearly released over 5 years); and 5% for liquidity (100% unlocked at TGE). In October 2024, it was previously reported that zkPass had completed a $12.5 million Series A funding round, reaching a valuation of $100 million.PANews reported on October 30th that the privacy-preserving protocol zkPass announced its tokenomics. The ZKP token is based on the ERC-20 standard and has a total supply of 1 billion. Token functions include a settlement medium, validator collateral, network points, service access, and cross-system verifiability and governance. Regarding the token distribution and unlocking plan: 48.5% for the community (12.5% unlocked at TGE, 6% linearly released in the first 3 months, and 30% released monthly for the next 5 years); 22.5% for early investors (linearly released over 18 months after a 12-month lock-up period); 14% for core contributors (linearly released over 24 months after a 24-month lock-up period); 10% for the DAO treasury (linearly released over 5 years); and 5% for liquidity (100% unlocked at TGE). In October 2024, it was previously reported that zkPass had completed a $12.5 million Series A funding round, reaching a valuation of $100 million.
zkPass releases token economics: Total supply 1 billion tokens, community participation 48.5%.
2025/10/30 11:12
PANews reported on October 30th that the privacy-preserving protocol zkPass announced its tokenomics. The ZKP token is based on the ERC-20 standard and has a total supply of 1 billion. Token functions include a settlement medium, validator collateral, network points, service access, and cross-system verifiability and governance. Regarding the token distribution and unlocking plan: 48.5% for the community (12.5% unlocked at TGE, 6% linearly released in the first 3 months, and 30% released monthly for the next 5 years); 22.5% for early investors (linearly released over 18 months after a 12-month lock-up period); 14% for core contributors (linearly released over 24 months after a 24-month lock-up period); 10% for the DAO treasury (linearly released over 5 years); and 5% for liquidity (100% unlocked at TGE).
In October 2024, it was previously reported that zkPass had completed a $12.5 million Series A funding round, reaching a valuation of $100 million.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
Wormhole launches reserve tying protocol revenue to token
The post Wormhole launches reserve tying protocol revenue to token appeared on BitcoinEthereumNews.com. Wormhole is changing how its W token works by creating a new reserve designed to hold value for the long term. Announced on Wednesday, the Wormhole Reserve will collect onchain and offchain revenues and other value generated across the protocol and its applications (including Portal) and accumulate them into W, locking the tokens within the reserve. The reserve is part of a broader update called W 2.0. Other changes include a 4% targeted base yield for tokenholders who stake and take part in governance. While staking rewards will vary, Wormhole said active users of ecosystem apps can earn boosted yields through features like Portal Earn. The team stressed that no new tokens are being minted; rewards come from existing supply and protocol revenues, keeping the cap fixed at 10 billion. Wormhole is also overhauling its token release schedule. Instead of releasing large amounts of W at once under the old “cliff” model, the network will shift to steady, bi-weekly unlocks starting October 3, 2025. The aim is to avoid sharp periods of selling pressure and create a more predictable environment for investors. Lockups for some groups, including validators and investors, will extend an additional six months, until October 2028. Core contributor tokens remain under longer contractual time locks. Wormhole launched in 2020 as a cross-chain bridge and now connects more than 40 blockchains. The W token powers governance and staking, with a capped supply of 10 billion. By redirecting fees and revenues into the new reserve, Wormhole is betting that its token can maintain value as demand for moving assets and data between chains grows. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/wormhole-launches-reserve
Share
BitcoinEthereumNews2025/09/18 01:55
Best Crypto to Buy as Saylor & Crypto Execs Meet in US Treasury Council
The post Best Crypto to Buy as Saylor & Crypto Execs Meet in US Treasury Council appeared on BitcoinEthereumNews.com. Michael Saylor and a group of crypto executives met in Washington, D.C. yesterday to push for the Strategic Bitcoin Reserve Bill (the BITCOIN Act), which would see the U.S. acquire up to 1M $BTC over five years. With Bitcoin being positioned yet again as a cornerstone of national monetary policy, many investors are turning their eyes to projects that lean into this narrative – altcoins, meme coins, and presales that could ride on the same wave. Read on for three of the best crypto projects that seem especially well‐suited to benefit from this macro shift: Bitcoin Hyper, Best Wallet Token, and Remittix. These projects stand out for having a strong use case and high adoption potential, especially given the push for a U.S. Bitcoin reserve. Why the Bitcoin Reserve Bill Matters for Crypto Markets The strategic Bitcoin Reserve Bill could mark a turning point for the U.S. approach to digital assets. The proposal would see America build a long-term Bitcoin reserve by acquiring up to one million $BTC over five years. To make this happen, lawmakers are exploring creative funding methods such as revaluing old gold certificates. The plan also leans on confiscated Bitcoin already held by the government, worth an estimated $15–20B. This isn’t just a headline for policy wonks. It signals that Bitcoin is moving from the margins into the core of financial strategy. Industry figures like Michael Saylor, Senator Cynthia Lummis, and Marathon Digital’s Fred Thiel are all backing the bill. They see Bitcoin not just as an investment, but as a hedge against systemic risks. For the wider crypto market, this opens the door for projects tied to Bitcoin and the infrastructure that supports it. 1. Bitcoin Hyper ($HYPER) – Turning Bitcoin Into More Than Just Digital Gold The U.S. may soon treat Bitcoin as…
Share
BitcoinEthereumNews2025/09/18 00:27
Fed Day Dry Powder: Cryptoquant Analyst Tracks $7.6B Stablecoin Pile on Exchanges
The post Fed Day Dry Powder: Cryptoquant Analyst Tracks $7.6B Stablecoin Pile on Exchanges appeared on BitcoinEthereumNews.com. With the Federal Reserve meeting today, onchain flows are telegraphing that crypto traders are topping off exchanges and leaning long ahead of a widely expected 25-basis-point cut. Pre-Fed Positioning Stablecoins are doing the heavy lifting. Cryptoquant data shows $7.6 billion in fresh USDT and USDC (ERC-20) deposits heading to trading venues ahead of the decision. […] Source: https://news.bitcoin.com/fed-day-dry-powder-cryptoquant-analyst-tracks-7-6b-stablecoin-pile-on-exchanges/
Share
BitcoinEthereumNews2025/09/18 01:36