Zora recently announced its intent to launch a ZORA token, but its plans have faced criticism after it was revealed that 65% of the token’s supply is allocated to the team, treasury, and early investors, despite the token’s official documentation describing it as “for fun only.”
According to Zora’s publicly available supply breakdown, ZORA will launch with a total supply of 10 billion tokens on the Base network. Of that amount, 18.9% is allocated to the team, 20% to the company treasury, and 26.1% to early investors.
On April 21, X user Karbon questioned the decision to allocate 65% of a token’s supply to insiders if the token’s goal is to have no material utility. The documentation states that ZORA does not confer governance rights, equity ownership, or claims on revenue to holders.
Karbon raised concerns about the appropriateness of maintaining a treasury for a “worthless” token and questioned why contributors would seek compensation in a token explicitly labeled
We współpracy z: https://cryptoslate.com/zora-faces-backlash-over-token-supply-control-and-for-fun-label/
