Wednesday, February 19, 2025

Zulu Network to Launch $ZULU Token on Bounce Launchpad

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KEY TAKEAWAYS

  • Zulu Network is launching its native token, $ZULU, on the Bounce Launchpad with two auction pools, marking a significant step in integrating decentralized AI and DePIN implementations.
  • The network combines Bitcoin’s security with Ethereum’s flexibility to foster a decentralized economy focused on AI and physical infrastructures.
  • The $ZULU tokenomics model supports sustainable growth, rewarding contributors and incentivizing development through staking and transaction fees.
  • Strategic partnerships with entities like Draper Dragon and Ledger Capital are expected to bolster Zulu Network’s growth and development.

Zulu Network, a pioneering Native Bitcoin DePIN Layer, is set to launch its native token, $ZULU, on the Bounce Launchpad. The launch will feature two auction pools, both going live simultaneously at 10 AM UTC on November 10, 2024, and will remain open for 12 hours. This initiative marks a significant step in Zulu Network’s mission to integrate decentralized AI and DePIN implementations.

The Zulu Network is designed to combine the security of Bitcoin with the flexibility of Ethereum Virtual Machine (EVM) infrastructure. This combination aims to foster a new decentralized economy focused on AI and physical infrastructures. Users will have the opportunity to stake assets, facilitate the operation of various DePIN and AI protocols, and earn rewards on the Bitcoin Network.

Details of the $ZULU Token Launch

The $ZULU token launch on Bounce Launchpad will include two distinct auction pools. Pool 1 is a Staking Auction, where participants can stake $AUCTION tokens to receive an allocation of $ZULU. The amount of $ZULU received will depend on the quantity and timing of the $AUCTION staked. Pool 2 is a Fixed-Price Auction, operating on a first-come, first-served basis without a hard cap.

The token release schedule is structured to ensure a gradual distribution, with 10% of tokens released at the Token Generation Event (TGE), followed by a six-month vesting period with a 15% release per month. Additionally, a 7-day refund policy is available for Bounce participants, allowing them to refund $ZULU at $0.08 within seven days after the token launch ends. This policy applies only to $ZULU purchased on Bounce.

Tokenomics and Strategic Partnerships

The $ZULU tokenomics model is designed to support the sustainable growth of the Zulu ecosystem. It aims to reward contributors, incentivize development, and expand the community. The token serves multiple functions, including incentivizing participation, supporting network security, and providing rewards through mechanisms like staking and transaction fees. It also includes governance components.

Zulu Network has attracted investment from notable entities such as Draper Dragon, Web3.com, CGV, PANONY, D11 Labs, BlueRun Ventures (CH), Satoshi Lab, and Ledger Capital. These partnerships are expected to bolster the network’s growth and development.

Bounce Brand, established in 2020, is a decentralized platform known for its Auction-as-a-Service offerings. It empowers Launchpad services and permissionless auctions for tokens, NFTs, and real-world assets (RWAs). The collaboration with Zulu Network underscores Bounce Brand’s commitment to innovating within the Web3 space.

For more information, the official announcement can be found here.


Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
Shree Narayan Jha
Shree Narayan Jha
Shree Narayan Jha is a tech professional with extensive experience in blockchain technology. As a writer for CoinsHolder.com, Shree simplifies complex blockchain concepts, providing readers with clear and insightful content on the latest trends and developments in the industry.

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