Good news! Renzo Listens to the Community and Updates the Airdrop Program

Bittime - Renzo, a re-pledge protocol that has recently attracted a lot of interest, has announced adjustments to its tokenomics and airdrop program in response to community feedback. 

This move shows Renzo's commitment to a user-centric approach. Let's dive deeper into the specific changes implemented.

More Time to Claim Your Prize: Extended Claim Window

Although the snapshot date remains April 26, users now have more flexibility to claim their airdrop tokens. The claim deadline has been extended to April 30 , one hour before the official launch of Renzo on Binance. This extended window gives users enough time to complete the claim process and secure their share of the airdrop rewards.

Source:@RenzoProtocol/X

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Bigger Rewards for Participants: Increased Airdrop Allocation

Renzo significantly increased the airdrop distribution ratio for Season 1. Initially set at 10% of the total token supply, the allocation was increased to 12%. This means a 20% increase in the total number of tokens distributed to participants. 

To accommodate this large increase, Renzo will reduce its allocation to liquidity and foundations by 2%. This decision prioritizes rewarding users who actively participate in the Renzo ecosystem.

Check out the tokenomic details below:

Tokenomics

• Allocation to Community increased from 30% to 32% of total token supply.
  • Airdrop allocation increased from 10% to 12% of total token supply.
    • Season 1 increased from 5% to 7% (2% increase came from Liquidity (MM) & Foundation).
    • Season 2 allocation remains 5% of total token supply.
• Binance Launchpool: Fixed 2.5% total token supply.

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Easier Participation: Lower Minimum Requirements

Understanding the importance of inclusivity, Renzo has lowered the minimum requirements to participate in the airdrop via staking. Previously, users needed a certain number of ezPoints (earned through staking) to qualify. Now, the minimum threshold has been reduced to 360 ezPoints. 

This change ensures that over 99% of eligible wallets will have their tokens fully unlocked at the Token Generation Event (TGE). This simplifies participation and allows more users to benefit from the airdrop.

Conclusion

Overall, this update shows Renzo's commitment to its community. Extended claiming windows provide flexibility, increased airdrop allocations reward participation, and lower minimum requirements encourage inclusivity. With these adjustments, Renzo is paving the way for a successful launch and a growing community.

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How to Buy Crypto on Bittime

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To be able to buy crypto assets on  Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Learn  Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements  of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Renzo Strengthens Security for Token Withdrawals on Mainnet

Scalping Like a Robot: A Practical Guide to Fast and Efficient Trading

Avoiding Altcoin Fakeouts, Surefire Tips to Avoid Market Traps

DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.