ZTX announced insights regarding the forthcoming launch of the ZTX Token ($ZTX) and its strategic importance in the ZTX ecosystem. Mark the date, as the official airdrop and listing of the $ZTX token will take place on October 16th.
ZTX their second playtest is currently available for everyone. Participating earns a portion of the airdrop.
Token Generation Event (TGE)
The TGE is pivotal in distributing $ZTX tokens to eligible wallets, establishing a foundation before ZTX’s Beta Launch. On the day of the TGE, several exchanges will begin hosting $ZTX trading pairs, the details of which will be disclosed as the date nears.
About the ZTX Token
Intending to serve varied purposes in the ZTX ecosystem, $ZTX will play crucial roles, summarized as follows:
- Governance: $ZTX will decentralize decision-making in the ZTX world, allowing token holders to propose and vote on key community and treasury decisions.
- Purchasing: The token will facilitate buying new in-game assets, and will also act as the chief quote currency on ZTX-driven secondary markets.
- Gameplay: Enhancing game progression, users can deploy $ZTX to hasten or bypass specific gameplay elements.
For an in-depth understanding, you can visit the ZTX Gitbook.
Token Buyback Program
This initiative will involve repurchasing $ZTX using platform revenue, which will then be allocated for:
- Burn: Permanently reducing $ZTX supply.
- Incentive Pool: Rewarding players.
- Treasury: Channeling funds for the Treasury.
Supply and Distribution
The total $ZTX supply will cap at 10 billion. Each distribution segment will have its specific lock-up, vesting period, or none, particularly for airdrop recipients. A visual representation of the vesting schedule will be available for better clarity.
Placing community at its core, ZTX has outlined a Genesis Airdrop that will account for 4% of the $ZTX distribution. Over time, hints have been dropped across various platforms on how to qualify. Participation in ZTX initiatives boosts the chances of receiving this airdrop. Notably, the PLAYTEST #2 has an allocated airdrop, so involvement in the Playtest is encouraged for those eyeing the $ZTX Airdrop.
For a detailed view of the $ZTX distribution during TGE and an exhaustive overview of the community Airdrop distribution, readers are advised to refer to official ZTX documentation.