According to TechFlow, ZepetoX, a metaverse project built by Zepeto, a metaverse platform under South Korean Internet giant Naver, in cooperation with Jump Crypto, announced that it will airdrop ZTX tokens on October 16.

The total supply of ZTX tokens will be fixed at 10 billion, 1.0% is allocated to ZTX initial liquidity, 4% is allocated to MM LIQUIDIT, 4% is allocated to the Genesis airdrop, 5.5% is allocated to early investors and advisors (6 months lock-up period, 2 years vesting period), 9.5% is allocated to ZEPETO (1.5 years lock-up period, 4 years vesting period), 35% is used for X2E incentives (1 month lock-up period, 4 years vesting period), 16% is allocated to the code team (6 months lock-up period, 3 years vesting period), 15% is allocated to the ZTX Foundation Treasury ((no lock-up period, 3 years vesting period)), and 10% is allocated to the Community Fund (1 month lock-up period, 3 years vesting period).

ZepetoX says the best way to increase your chances of receiving the Genesis airdrop is to participate in ongoing ZTX initiatives and the existing ecosystem, and while it won’t explicitly share which activities are incentivized, the upcoming PLAYTEST#2(public) has an airdrop allocation.

It is reported that ZTX tokens can be used for community governance, purchasing in-game assets, and improving players' progress in the game. In addition, the platform will promote the value of the ZTX ecosystem through a token repurchase plan, including destruction (reducing the total supply), providing rewards to players (incentive pool), and a portion of it is used to provide funds for the treasury.

Earlier in August, it was reported that ZepetoX completed a US$13 million seed round of financing, led by Jump Crypto.