According to TechFlow, the first phase of the ZKX token airdrop has been launched, focusing on early contributors. The token will become a governance token with a supply cap of 100 million. The first phase will distribute 4% of the total supply, and the second airdrop will distribute about 11%.

Both airdrop phases will be locked until the token goes live in early 2024 to ensure the token value is pegged to the growth of the ZKX exchange.

The first phase of the airdrop targets Yakuza participants of SZN1 and SZN2. The airdrops are divided into OG1, OG2, OG3, OG4 Ambassadors and Administrators.

Participants will receive rewards based on the highest character they achieve across multiple events in SZN1 and SZN2. These rewards will come in handy when the Yakuza NFT collectibles are launched.

Earlier on September 13, the Starknet ecological project ZKX announced its token economics model. The total supply of ZKX is 100 million, of which 18% is for trading incentives, 17% for the core team, 1% for consultants, 20% for investors, 20% for DAO inventory, 15% for community launch, and 9% for liquidity supply. It is reported that ZKX is the governance token of the project, and holders can use ZKX for trading, staking and voting.