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Zircon Gamma Tokenomics
ZRG native token distribution, utility features and emission schedule, simply put.
We are finally launching the mainnet for Zircon Gamma, and the release comes with the ZRG (or Zircon Gamma) token alongside with it.
ZRG is a way to decentralize and grant power to the community from the start. Holders of this token will join the Gamma DAO and will be able to vote in governance, including for specific tokenomics proposals, such as xZRG, veZRG or any other innovative idea.
However, there will be more than one token launched by Zircon. Gamma is the canary network, which will have a somewhat different path than the main network. We previously mentioned the ZRN token which will have more complex features and utility. But that’s for the future.
Right now let’s focus on the tokenomics of the new ZRG token, as it will be available in just a couple of days!
ZRG Token Emission
ZRG will initially be based on Moonriver blockchain. In the future the community may decide to bridge the platform and token to Ethereum and other Layer 1 networks.
According to the plan, Zircon a maximum of 1,000,000,000 ZRG will be issued. They will be distributed as follows:
Development Labs Bootsrap: 50,000,000 ZRG
Liquidity Mining: 500,000,000 ZRG
DAO Reserve: 280,000,000 ZRG
Initial Airdrop: 80,000,000 ZRG
That’s right. Only 5% of the ZRG supply is reserved for development, while 95% of all ZRG will be given to the community. The emission plan is shown on the graph below.
At launch, the initial supply will be approximately 10.5%, including the airdrop 8% and 2.5% free from the Labs reserve. The remainder of the Labs share will be vested over a 9 month period.
Zircon Labs will not openly sell its ZRG. It will supply liquidity to the pools, periodically removing liquidity through the “Swap and Exit” method. This feature doesn’t generate any sell pressure or slippage, as it redeems the Float share into the underlying pool tokens, which always have a 50/50 proportion of the two assets.
ZRG Distribution highlights
We estimate that the initial monthly inflation after launching on the market will be 70% and gradually fall to an adequate level within 6 months.
You can easily hedge against inflation if you start farming ZRG with Zircon Pylon immediately after the launch!
Use our single-sided liquidity pools: you don’t need to come up with the other side of the pool yourself.
Minimize impermanent loss: as prices change, Zircon Pylon is set up to massively reduce your impermanent loss to the point that it’s easily covered by farming rewards.
The Gamma DAO of ZRG holders will also form the initial community of Zircon Pro, the Moonbeam deployment. Check out our roadmap to learn more about how the two products will evolve.
Zircon Gamma is launching on Moonriver this week! Join our Twitter and subscribe to the blog to learn more about it.