About Zakacoin

Token

Zakacoin is an ERC20-compatible token with a fixed supply that governs Zakachain. ZAKA holders can make proposals and vote to change the chain via governance.

Here’s how the initial distribution of ZAKA would break down:

• 5% (50,000,000 ZAKA) Airdrop to early users of Zakachain blockchain

• 5% (50,000,000 ZAKA) Liquidity mining for ZAKA/ETH pool, distributed linearly over 1 year

• 20% (200,000,000 ZAKA) DAO treasury, will be unlocked linearly over 5 years

• 30% (300,000,000 ZAKA) Founding developers and early supporters, will be unlocked linearly over 1 year with 6 months cliff

• 40% (400,000,000 ZAKA) Initial liquidity offering

Airdrop

Users who have believed in Zakachain from early on should have a say in governing the chain. For this reason, early adopters of the chain did receive an airdrop of ZAKA.

Liquidity mining

Liquidity mining is a process where participants supply ZAKA and ETH into liquidity pool and receive compensation based on their share.

The reward amount depends on users’ deposit size and age — larger deposits and older deposits will receive more ZAKA.

Initial liquidity offering

An Initial Liquidity Offering (ILO) is a fundraising method employed in blockchain. It functions similarly to Initial Coin Offerings (ICOs) or Initial Exchange Offerings (IEOs), but with a focus on providing liquidity for a newly launched token.

DAO treasury

Through votes in the DAO, the community can change network, issue grants and make changes. The DAO also controls the Zakacoin and ecosystem contracts.

Founding developers and early supporters

The foundation team and the first users who believed in Zakachain from the very beginning and are helping us build the anonymous-native L2 chain.