Zetachain announces the first round of XP airdrop, allocating 10 million ZETA rewards

ChainCatcher news, the full-chain abstract L1 Zetachain announces the first round of XP airdrop, which will allocate 10 million ZETA rewards. Any team that has deployed active contracts on the Zetachain mainnet and has active users can submit ZETA reward RFP proposals before 08:00 Beijing time on July 1. This airdrop focuses on the first batch of XP users who were snapshot on May 1, with approximately 419,000 users eligible, each having at least 200,000 XP.

Zetachain states that projects should allocate at least 95% of the tokens to users when creating proposals, while the development team can retain a maximum of 5% for operational costs or future user growth plans. Projects can determine reward mechanisms such as first-come-first-served or proportional distribution.

In addition, Zetachain stated that since the release of Zetachain 1.0, the User Growth Pool has allocated 80 million ZETA to users.