Metaverse project ZepetoX will launch ZTX tokens on October 16, with 4% of the total amount being airdropped.

Odaily Planet Daily News Metaverse project ZepetoX announced that the ZTX token airdrop and release date will be October 16. The total supply will be fixed at 10,000,000,000 coins, of which 4% will be allocated to the genesis airdrop. ZTX tokens can be used for community governance, purchasing in-game assets, and improving player progress in the game. In addition, the platform will drive the value of the ZTX ecosystem through a token buyback program, including burning (reducing the total supply), providing rewards to players (incentive pools), and a portion being used to fund the treasury. According to previous news, ZepetoX is a project jointly created by South Korean metaverse platform Zepeto and Jump Crypto. It has completed a seed round of financing of US$13 million, led by Jump Crypto, with other investors such as Collab+Currency, Parataxis, MZ Web3 Fund, Everest Ventures Group, etc. Participate in investment.