TechFlow reports that ZAP, a token distribution protocol, has unveiled its tokenomics ($ZAP) and announced an upcoming Initial DEX Offering (IDO) on the Bybit Web3 platform. The total supply of ZAP tokens will be 350,000,000, with the following allocation:
Community Treasury (25%)
Vault Sale (20%)
Team and Contributors (25%)
Investors (15%)
IDO (1%)
Liquidity and Market Making (9%)
Advisors (5%)
In addition, ZAP previewed plans to launch the $ZAP token on multiple major exchanges in October, along with introducing new vaults, a token dashboard, and an innovative staking program, with further details to be released soon. Previously, ZAP partnered with Nansen to launch the Zap Value Index (ZVI), which serves as the foundation for a wallet-based reputation scoring system.
ZAP is a community-driven token issuance protocol offering three core services: ZAP Labs, ZAP Launch, and ZAP Drops. Through a vault sale and two funding rounds, ZAP has raised a total of $15.1 million from prominent investors including Rarestone Capital, Cypher Capital, and Sharding Capital.
