🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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📅 Ends at 16:00, Sep 17 (UTC)
ZK Nation: Approximately 760 million ZK will be unlocked in June, and from July onwards, approximately 167 million ZK will be unlocked each month until June 2028.
PANews June 10 news, ZK Nation released an announcement regarding the unlocking of ZK Tokens. When ZK Tokens are issued in 2024, members of the Matter Labs team and investors will collectively receive approximately 33.3% of the total supply of tokens. On June 18, up to 25% of the vested token allocation for team members and 10% of the vested token allocation for investors will be unlocked. The token allocation shares received by Matter Labs team members and investors at TGE will unlock over 4 years, with a 1-year vesting period. According to current calculations, 3.6% (about 760 million) of the total maximum supply of tokens (21 billion) in the allocated share will be unlocked in June. From July 2025, it is expected that 0.8% of the total token supply (about 167 million) will be unlocked every month until June 2028. (Note: Approximately 33.3% of the total amount of tokens is distributed to Matter Labs team members and investors, and the Matter Labs entity itself is not specifically allocated).