Tokenomics & Distribution Updated
Dear Our Valued Community
Due to the requests from our community as well as the change in our plans to develop our project. The Zenchain Foundation has decided to update the Zenchain tokenomics, there will be minor changes, and details are shown as below:
The Zenchain Protocol has decided to reduce the public IDO to only 1.200.000 $ZEN which occupies only 1.2% of the total supply, the unused and unsold tokens of 3.800.000 will be burnt.
Allocation Detail
Moreover, for the token allocations belong to Public IDO, Early Contributors, and Strategic Partners, if any of them have been unallocated, unsold or unused, this proportion will be burnt before trading. There are many benefits of burning the Zen token as we know:
- Help to reduce the inflation rate.
- Keep it fair for both early partners and public investors.
- Encourage to increase the value of Zen token.
ZEN token release schedule
Important Links
Website: https://zenchain.co
Facebook: https://www.facebook.com/Zenchainofficial
Telegram Channel: https://t.me/Zenchainofficial
Twitter: https://twitter.com/zenchainco
Github: https://github.com/zenchainprotocol