zNode RIZ Drop
Last updated
Last updated
Below you will find information on how much RIZ allocation is reserved depending on whether you choose to HOLD or BURN your zNodes:
zNode HOLD: Users who choose to hold their zNodes will receive an airdrop of 7,143 RIZ tokens per node.
zNode BURN: Users who opt to burn their nodes will be awarded 17,857 RIZ tokens per burnt node. This amount represents 50% of the reserved tokens available at TGE.
zNode HOLD & BURN: If a user decides to hold some nodes while burning others, the total RIZ allocation will be calculated using the following formula: (Number of HOLD zNodes × 7,143) + (Number of BURN zNodes × 17,857) = Total RIZ Allocation
Early zNode Runners Rewards (zNode HOLD ONLY): Additionally, the participation amongst early zNode runners was a success - with close to 30% of zNode owners taking part in the event, they will share an additional pool of 0.25% of $RIZ total supply. This pool will be distributed linearly based on the zNode points collected.
The three-week grace period starts at the $RIZ TGE to ensure all zNodes are operating.
All zNode owners (active or inactive) receive weekly $wRIZ emissions during the first 21 days, with airdrops on February 28, March 7, and March 14.
After the grace period, only active (delegated or self-run) zNode owners will be eligible for emissions.
The $wRIZ to $RIZ wrap/unwrap functionality will go live on February 28.
The 2-year $RIZ emissions increased from 35,714 $RIZ to 38,572 $RIZ due to zNodes being burned.