TechFlow news — On June 21, ZK-based DEX ZigZag announced it will conduct a token sale for its governance token ZZ on June 24 at 3:00 PM UTC (11:00 PM Beijing time). The IDO will offer 2 million tokens with a total supply of 2 million tokens, and only USDC will be accepted as payment. Additionally, ZigZag plans to airdrop tokens to early adopters, but the eligibility criteria for the airdrop will be determined by those who purchase governance tokens during the sale. Buyers of the governance tokens will become founding members of the ZigZag DAO, a community that will help shape the platform’s future development.
Furthermore, the team stated, “Our integration with UST and its subsequent depegging impacted our financial situation. One of the goals of this token sale is to realign our finances with our liabilities. Another top priority is securing sufficient funds to pay developer salaries, which is crucial for the growth of the ZigZag exchange.”
