What is $ZORA?
$ZORA is the native token of the Zora ecosystem, launched as a memecoin on April 23, 2025, on the Base network (a Layer 2 blockchain developed by Coinbase).
The official contract address for the $ZORA token (on the Base network) is: 0x1111111111166b7fe7bd91427724b487980afc69
Key Features of $ZORA
1. Token Nature
- $ZORA is designed as a memecoin, meaning it is primarily meant for community engagement and fun, rather than governance or representing equity in Zora, Inc.
- It does not grant any governance rights or ownership stakes.
2. Token Supply & Distribution
- Total supply: 10 billion tokens (10,000,000,000 $ZORA).
- Distribution:
- 10% (1 billion): Airdropped to past creators, collectors, and developers who have contributed to the Zora ecosystem.
- 20%: Reserved for future community initiatives (such as grants, hackathons, etc.).
- 5%: Allocated for liquidity provision on exchanges and for market makers.
- The remainder: Allocated to the team, treasury, and strategic contributors.
3. Role in the Ecosystem
- On the Zora platform, every post can generate its own coin (Zora Coins), and $ZORA can be used for trading, tipping, and as a reward for creators and active users.
- $ZORA is designed to incentivize participation and contribution within the Zora ecosystem.
4. Use Cases
- Community rewards and incentives
- Creator rewards
- Trading and liquidity provision
- A “cultural currency” within the Zora community
5. No Governance Power
- $ZORA is not a governance token. It does not allow holders to participate in protocol decisions or governance votes.
Summary
$ZORA is a memecoin created to energize the Zora ecosystem and foster community participation. It’s used for rewarding creators, facilitating trades, and serving as a fun, cultural currency within the Zora platform-but it does not grant any governance rights or ownership in the protocol.
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