[zkPass Announces Tokenomics: Total Supply of 1 Billion Tokens, Community Allocation 48.5%] Privacy-preserving protocol zkPass has announced its tokenomics. The ZKP token is based on the ERC-20 standard, with a total supply of 1 billion tokens. The token's functionalities include serving as a settlement medium, validator collateral, network points, service access, cross-system verifiability, and governance. Regarding token distribution and unlocking plans: - Community allocation: 48.5% (12.5% unlocked at TGE, 6% released linearly over the first 3 months, and 30% released monthly over the next 5 years). - Early investors allocation: 22.5% (12-month lock-up period followed by linear release over 18 months). - Core contributors allocation: 14% (24-month lock-up period followed by linear release over 24 months). - DAO treasury allocation: 10% (linear release over 5 years). - Liquidity allocation: 5% (100% unlocked at TGE). Previously, in October 2024, zkPass completed a $12.5 million Series A funding round, reaching a valuation of $100 million.