Zapsdocs

How a zToken Launches

zETH registration opens Mon 26 Oct.

Every zToken launches in the same steps. The first comes from zETH, the activity market on Ethereum activity, run as a beta. Bright steps are live and explained in full. Grey steps are coming next and get their details when they go live.

  1. Registration

    Opens Mon 26 Oct

    Sign in to Zaps, link your wallets and mint your zScore. You need a minted zScore to win a seat.

    Pick the coin's name and art

    • The community chooses before the race.
    • Suggest one: needs an X account and a minted zScore. One per X account.
    • Vote for one: needs an X account. More lifetime zaps give more votes, by square root.
    Open the Zaps app
  2. Race

    Coming next

    A public leaderboard scores real onchain activity. The top of the board wins seats.

  3. Seat window

    Coming next

    Miners get the first hours of the auction to themselves.

  4. Auction

    Coming next

    Everyone bids, and the auction sets the token's first price.

  5. Locked pool

    Coming next

    The auction money seeds a trading pool that stays locked.

  6. Buyback

    Coming next

    Trading fees buy the token back from the market.

  7. Seasons

    Coming next

    When a season ends, a new race picks new miners.