⏱️Vesting Contract
Empowering Responsible Token Holding
Vesting and Burn Mechanism
Z Protocol has developed a robust system to promote responsible token holding, ensuring a stable and prosperous ecosystem. Our vesting and burn mechanism is designed to align with this goal, encouraging commitment and enhancing token value.
Users in the $ZP reward system can claim their vesting tokens before their scheduled unlocking date. However, doing so results in a burn of 50% of the vesting tokens. This mechanism serves two purposes: encouraging careful token management and strengthening the token ecosystem.
The $ZP reward system includes a vesting period of 5 weeks. If users choose to unstake their tokens before this period ends, they incur a 50% penalty. This penalty isn't simply lost; the penalized tokens are permanently burned, reducing the circulating supply.
This mechanism incentivizes users to hold their tokens for longer periods, thereby reducing market volatility and supporting sustained token value.
Z Protocol’s vesting and burn mechanism transforms token holding into a strategic commitment, benefiting both individuals and the entire ecosystem. Stay connected with our official channels to learn more about our ecosystem and the benefits of responsible token management.
Last updated