🪙The ZPY token

NOTE: The ZPY token is not released yet!

We plan to release a governance token, ZPY, in the near future. Target date is during Q2 2024. The ZPY token will be used to steer governance of the Zippy Stake Pool to control the delegation strategy, and any other major changes that affect the tokenomics.

Holders of ZPY are eligible to receive 50% of the proceeds from the Zippy Stake pool.

Tokenomics

As the ZPY token is not yet released, the following is preliminary information:

• MINT: TBD

• Total supply: 1,000,000,000 (fixed)

• Minting: disabled

• Allocation:

  • Initial airdrop, 20% = 200 000 000

    • Distribution

      • 80% (160 000 000) to past and current zippySOL holders. Distribution will be allocated based on the amount of points by the snapshot date (yet to be determined)

      • 20% (40 000 000) to key contributors and advisotrs that have helped to grow the Zippy Stake pool until the ZPY token launch.

  • Team and advisors: 20% = 200 000 000

  • Initial liquidity, 10% = 100 000 000 (including liquidity incentives during introductory period)

  • Staking rewards: 40%, a reserved amount of ZPY reserved for paying out additional rewards for stakers during campaign events

  • Business development: 10%, e.g. partnerships, collaborations, marketing

• Pool proceeds

  • Proceeds from the Zippy Staking Pool, such as epoch reward fees, withdrawal fees and any fees earned from liquidity fees in pools funded by Zippy, will be used as follows

    • 20% of proceeds are used to buy back ZPY and burn the tokens

    • 30% of proceeds are used to cover operational expenses of the pool

    • 50% of proceeds are distributed to ZPY holders, exact allocation and timing is not yet determined, but to those ZPY holders taking active part in governance will receive higher shares