The NFT platform Zora has announced the launch of its native token ZORA, scheduled for April 23, 2025. This initiative will consider two snapshots of user activity.
ZORA Token Distribution Features
The token distribution will be based on two snapshots of user activity. The first will be taken from January 1, 2020, to March 3, 2025. The second snapshot will occur from March 3, 2025, to April 20, 2025. These snapshots will determine eligibility for an airdrop aimed at rewarding long-time creators and collectors.
Role of the Token in the Zora Ecosystem
The ZORA token was originally conceived as a memecoin for the Zora community, but its launch will take place on Base, making it more accessible. 10% of the 10 billion tokens will be designated for the airdrop, with another 20% reserved for future initiatives.
Achievements of the Zora Platform
Zora has successfully attracted 2.4 million collectors and 618,000 creators, leading to a secondary market value of $376 million. These achievements confirm the platform's active development and its new direction in social networking.
The launch of the ZORA token represents a significant step for Zora, which aims to expand its ecosystem and provide new opportunities for its users, strengthening its community.
