Ethereum NFT Platform Zora, that peculiar contraption, is brewing up a grand scheme! They’re unleashing their very own token, the Zora. Yes, you heard right! Mark your calendars for April 23, 2025, because that’s when the madness begins! 🤪
Now, 🍬
$ZORA will be live on April 23, 2025.
— zora (@zora) April 20, 2025
The ZORA token, initially a “memecoin for the Zora community” (whatever that means!), first popped up on Base, Coinbase’s layer-2 playground, instead of Zora’s own lair. Clever, eh? They’re trying to be all accessible and user-friendly, like a chocolate bar that everyone can afford. 🍫
A measly 10% of the 10 billion ZORA tokens will be tossed out in the retroactive airdrop. Another 20% is for future tomfoolery like grants and hackathons. And 5%? Well, that’s for something called liquidity. Sounds fishy, if you ask me. 🐟
The Zora treasury gets a whopping 20% of the tokens, but they have to wait four years to gobble them all up, starting six months after the big bang. The team gets 18.9%, but they’re also stuck with a three-year waiting game. And those strategic contributors, the early birds and advisors, they snag a hefty 26.1%. Greedy bunch! 😈
Now, This ZORA token, despite being all important, doesn’t give you any say in how things are run or any actual ownership. It’s like a Wonka Bar without the Golden Ticket. 🎫
Zora started as a little experiment, but now it’s a full-blown on-chain social circus. They’ve been selling NFTs like hotcakes, raking in millions. Their latest craze is turning every post into a tradable token on Base. Bonkers! 🤪
Zora’s managed to round up 2.4 million collectors and 618,000 creators while hoarding $376 million in secondary market dosh. With this ZORA token release, they’re hoping to keep the party going and find new ways to line their pockets. 💰
Also read : Numeros Motors Launches NFT Rewards for EV Buyers with polygon
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2025-04-21 15:49