It has been a month since we launched the $ZRS token, and significant progress has been made. Our team is working tirelessly, while traders compete for top positions on our trading competition leaderboard and accumulate zPoints through various tasks.

Current market conditions are challenging, with widespread criticism of projects raising funds from VCs and launching with extremely high Fully Diluted Valuations (FDVs). Additionally, KOL rounds often negatively impact early supporters, and airdrops frequently fail to reward users fairly.

In this article, we'll cover everything you need to know about $ZRS, including our unique go-to-market approach and how we're rewarding the community.

If you're seeking a project that deviates from the norm by providing the community with all necessary information and ensuring fair rewards, you're in the right place.

Recap on $ZRS Utilities

Most tokens in the crypto industry lack real utility for holders. While this can drive speculation, especially during bull markets, it has a downside when the market declines, as holders lose incentive to retain the token.

Aware of this, we launched $ZRS with utilities for holders starting from the testnet phase. When the mainnet goes live, even more features will roll out. By launching early, the community also gets a much higher upside, particularly due to the low FDV.

Here’s a breakdown of each role that $ZRS will play on Zaros:

• zPoints Farming: By holding $ZRS, users earn zPoints, which will be converted into $ZRS tokens in future airdrops. Users can also deposit $ZRS in the Balancer liquidity pool, receiving a Balancer Pool Token (BPT) that earns a share of the pool's swap fees. To complete the flywheel, users can deposit their BPTs on Aura Finance to earn even more zPoints + $BAL and $AURA incentives.

• Trading Fees Distribution for veZRS Lockers: Once the mainnet goes live, $ZRS holders will be able to stake their tokens and receive veZRS. veZRS lockers will be entitled to 15% of the trading fees on the Perpetuals DEX. Additionally, 5% of the revenue will be used to buy back and burn $ZRS.

• Voting Power in the Zaros DAO: Holding $ZRS grants users voting power within the Zaros DAO. We value community involvement and believe it's essential for the protocol's success. This ensures a decentralized structure where all $ZRS holders can participate in voting on the DAO's Council proposals.

For more detailed information about the token, check out the article we posted last month.

Our Unique Approach in the zPoints Campaign

Current market conditions are quite different from what they once were. There are many projects developing in ways that fail to reward the community early on, despite their crucial role in the long-term success of the product.

So, what sets our zPoints campaign apart?

The first key feature is that $ZRS is already live, even though we’re still in testnet and haven't airdropped it yet. This early launch means we’ve introduced our token at a low FDV. Consequently, all information regarding tokenomics and the specifics of our points campaign is already available and transparent. The community “has all the cards to play the game” and make the airdrop more valuable.

We’ve allocated 3.6% of the total supply to the testnet zPoints campaign. There are multiple ways to participate, including holding $ZRS, providing liquidity to the ZRS-ETH pool on Balancer, staking the BPTs on Aura Finance, trading on the platform, and engaging in our campaigns. Being active in the community will also earn you rewards.

This approach is completely different from what we see in the industry. Often, users end up being unrewarded for their participation. Here, we value your efforts and offer everyone who contributes a chance to make the best of it. No community input will go unnoticed.

Token Distribution

The $ZRS token distribution was designed to ensure fairness for all participants.

We allocated over 40% of the total supply to the community, and 4% was allocated to the IDO LBP on Fjord Foundry. The total supply is 1,000,000,000 tokens, with a current circulating supply of 96,562,000 tokens as of June 26, 2024.

For full transparency, you can view all the allocations and emissions in this spreadsheet.

$ZRS Metrics

After a month live, here are some key metrics for the $ZRS tokens, as of June 26, 2024.

• Holders: 239

• Volume (Balancer): $466,799

• Liquidity (Balancer): $347,558

• Funds raised in the LBP (Fjord Foundry): $526,180

• Exchanges listed: Balancer (DEX), MEXC (CEX).

We regularly share updates on these metrics on our Twitter/X account and Discord!

Final Notes

This article was written to show readers our unique approach to the token launch and community campaigns, aiming to engage and make the community the main character of Zaros.

We are living in a time where there’s a strong misalignment between founders, private investors, and the community of projects. We’re doing things differently here because we believe in the principles of the crypto industry, where everyone benefits and gets rewarded fairly.

This is just the beginning of our story, and we’re giving everyone the chance to be part of it!

About Zaros