Renzo announces the economics of REZ tokens, as well as the process for claiming the first quarter airdrop rewards issued on May 2nd
PANews reported on April 24th that the liquidity re-pledging protocol Renzo has announced the economic model and claiming details of its native token REZ. The total supply of REZ is 10 billion, with an initial circulation of 1.05 billion. The community will distribute 30% of the tokens, investors will receive 31.56%, core contributors will get 20%, the foundation will be allocated 13.44%, and Binance Launchpool and liquidity mining each account for 2.5%.
The first quarter rewards from Renzo will end on April 26th, any user who sells their ezETH holdings before this date may not be eligible to receive airdrops. Users can claim their REZ through claim.renzoprotocol.com on May 2nd. The community will linearly distribute half a billion REZ (5% of total supply) based on users' accumulated ezPoints. The top five percent addresses by ranking will have fifty percent of their tokens immediately unlocked, with the remaining portion being released linearly over six months.The second quarter rewards start immediately on April 26th.
In addition, two percent (0.1% of total token supply) from the first quarter's five percent airdrop has been distributed to these NFT communities: Milady Maker and SchizoPosters.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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