According to ChainCatcher, the Ethereum restaking protocol Renzo will begin its decentralization process on April 30, 2024, marked by the launch of the native token REZ. Renzo's first season incentive campaign will end on April 26, and users who sell their ezETH holdings before this date may not be eligible for the airdrop. Users can claim REZ on May 2 through the official claim website.
It is reported that Renzo will linearly distribute 500 million REZ (5% of the total) based on the accumulated ezPoints of users. The top 5% of addresses will have 50% of the tokens unlocked immediately at TGE, and the rest will be released within 6 months. In addition, 2% of the 5% airdrop in the first quarter (ie 0.1% of the total token supply) has been allocated to the following NFT communities: Milady Maker and SchizoPosters. The second season reward event will start immediately on April 26, 2024.
According to the Renzo token economic model, the maximum supply of REZ is 10 billion, and the initial circulation is 1.05 billion (10.5% of the maximum supply of tokens). 31.56% of them are allocated to investors, 30% to the community (of which 5% is allocated to the first season of ezPoints activities, and the remaining allocation will be used for various community activities such as the second season), 20% to core contributors and consultants, 13.44% to the foundation, 2.5% to Binance Launchpool, and 2.5% for liquidity.
