Zora is an Ethereum NFT and tokenization protocol that allows users to publish creative content, earn rewards for their work, and enable others to share and build what they developed. Aimed at bringing creativity on-chain through tokenization, the platform has announced its plans to launch its own token, ZORA. Appreciating its loyal users who have realized the long-term vision of the platform, the team has announced an airdrop before the token launch. Eager to know more about the ZORA project and the airdrop, continue reading.
ZORA: Project Overview
ZORA is a global media registry protocol developed using the Optimism tech stack, that aims to enhance creativity on-chain. By offering a platform where users can publish their creativity, share it with others, and earn income, ZORA pushes the boundaries of talent. The project started as an experiment six years ago and now it has attracted a large number of creative users. The platform now includes teams building consumer apps on the Zora protocol using strong SDKs with integrated business and distribution models.
Since its launch, the Zora platform has gained more than $376 million in secondary trading volume while maintaining NFT or token collection by around 2.4 million wallets. In June 2023, the platform launched its own layer 2 Network aiming to overcome the scalability and high fee issues of Ethereum mainnet. Zora’s recent feature enables any user to develop a token tradable on Ethereum DEX Uniswap with any post.
To develop its ecosystem and utilize the potential of crypto, the team has announced the token launch, ZORA, its self-described meme coin on the Base, Ethereum Layer 2 Network. The token will be launched in the coming months.
The tokenomics of ZORA is revealed, out of the 10 billion total token supply, 26.1% will be allocated for contributors, 20% for incentives, 20% for treasury, 18.9% for the Zora team,10% for retroactive airdrops, and 5% to maintain liquidity. The team revealed that the token is aimed for fun and doesn’t give holders governance rights.
ZORA: Airdrop Overview
Before its token launch, the Zora team plans to conduct an airdrop campaign, rewarding its loyal users and developers with free ZORA tokens.
According to the March 3 snapshot, as part of thanking its community of creators, developers, and others, the team is airdropping 10% of its total 1 billion supply. A second snapshot will take place two days before the ZORA token launch.
The date of the token launch or the airdrop date is not revealed yet. Users have to wait until the next update to know more about the airdrop, including eligibility criteria and the claiming process. Stay updated with the official website so that you don’t miss the opportunity to earn the native token of a profitable ecosystem.
Benefits Of Participating In ZORA Airdrop
ZORA is a universal media registry protocol created in 2020 which transformed into a decentralized creator-prioritized network in 2023. The platform has brought together creators and builders on-chain and gained quick popularity. With the airdrop, users can become a part of Zora’s innovative ecosystem and earn many benefits.
1. Free ZORA Tokens
Airdrop participants receive free ZORA tokens whose value may increase on token launch and major listings, giving airdrop receivers a passive income.
2. Long-Term Investment Potential
Zora is a promising platform that has the potential to attract a large number of users in the future. With early access to ZORA tokens users can hold the tokens and sell them when the price surges, allowing them to make high profits.
3. Not Mere Meme Hype
Unlike other meme coins that gain momentum from meme hype and community, ZORA has defined tokenomics and strategies, making it a long-term investment rather than a short-term speculative asset.
Things To Remember
- Crypto airdrops can sometimes be scams or frauds, users need to properly evaluate the legitimacy of the project before participation so that they won’t fall into the pit set by hackers who aim to access your wallet details.
- Being a volatile asset, the price of the token can decline drastically, leaving airdrop receivers with no benefits.
- Airdrop rewards are based on your engagement and activity in the platform, the higher your engagement rate, the higher the chances to receive airdrops.
- The tokens have to be claimed before the claiming period, otherwise, you will not receive them.
Bottom Line
Zora platform is widely attracted by users across the world, and with the new features and token launch the platform’s popularity will only surge. By participating in the airdrop users can claim free ZORA tokens after the token generation event, with the token launch and listing the price of the coin will increase benefiting the airdrop receivers. Watch for updates on the Zora airdrop so that you can earn free ZORA tokens and be an early adopter of the ecosystem.
