Token Economics

V1 drafted for community review in Feb 2024. Details are subject to change.

Zulu Network Quick Summary

The Zulu Network represents a ground-breaking advancement in the Bitcoin ecosystem, introducing a two-tiered architecture to expand the capabilities of the Bitcoin Network.

ZuluPrime: Acts as L2 on Bitcoin with EVM compatibility [+info].

ZuluNexus: Acts as L3 focusing on native Bitcoin format innovations [+info].

About $ZULU.

$ZULU Token Allocation.

$ZULU Token Release Schedule.

Introducing $ZULU:

The Token Powering the Ecosystem.

$ZULU serves as the native token for the Zulu Network, with different and distinct tokens for:

ZuluPrime -> $ZULU (Native token for ZuluPrime Network)

ZuluNexus -> $ZULU (Native token for ZuluNexus Network)

The Network facilitates a 1:1 swap bridge between these two tokens (Prime & Nexus).

Key Features of $ZULU

  • Total Supply and Max Supply: 1 billion $ZULU.

  • Governance: $ZULU token holders possess voting rights for network governance decisions at a later stage.

  • Staking: $ZULU token holders possess voting rights for network governance decisions.

  • Collator Delegation: $ZULU holders can choose to delegate their holdings to collators or stake $ZULU to operate their collators, enhancing network security.

  • Network Fees: ZuluPrime and ZuluNexus utilize $ZULU for transaction fee payments.

  • Native Liquidity & Collateral: $ZULU tokens serve as native liquidity and collateral within the Zulu ecosystem.

$ZULU Interoperability on ZuluPrime and ZuluNexus

The total initial supply of $ZULU at launch is 1 billion tokens. Both the ZuluPrime and ZuluNexus networks will have a representation of these 1 billion tokens. As liquidity flows between the two networks, the tokens will be locked and unlocked on liquidity pool of the ZULU bridge. The total amount of unlocked tokens from both the ZuluPrime and ZuluNexus networks determines the current circulating supply.

Efforts Towards Transparency

In the future, these metrics will be displayed through a dashboard in an effort towards transparency. Furthermore, once the contracts are deployed, they will be verified and published on-chain.

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