The Metaverse platform ZTX announced that it will launch the token $ZTX and conduct a Genesis airdrop on October 16. $ZTX tokens can be used for community governance, purchasing in-game assets, and accelerating game progress. In addition, the platform will also implement a token repurchase plan, including destruction (reducing the total supply), providing rewards to players (incentive pool), and providing funds for the treasury.

The total supply of $ZTX is 10 billion, with 5.5% allocated to early investors and consultants, 9.5% to ZEPETO, 16% to the core team, 10% to the community fund, 1% to initial $ZTX liquidity, 4% to the Genesis airdrop, 35% to X2E Rewards, 15% to the ZTX Foundation Treasury, and 4% to MM liquidity.

Previously, the metaverse platform ZTX, founded by Korean metaverse platform Zepeto and Jump Crypto, completed a US$13 million seed round of financing. This round of financing was led by Jump Crypto, with participation from Collab+Currency, Parataxis, MZ Web3 Fund, Everest Ventures Group and others.

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