ZEPH
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1. Project introduction
The Zephyr Protocol employs a triple-asset model consisting of ZEPH, ZephUSD, and ZephRSV. ZEPH functions as the native currency of the network, ZephUSD is a stablecoin pegged to the value of the US dollar, and ZephRSV serves as the reserve token provided by reserve providers.
2. Application and distribution
Token application:
1) Mining Block Rewards
2) As the System's Underlying Collateral
Token distribution:
- The initial total supply is 18.4 million, with a pre-mined quantity of 497,000 held by the project team.
- After the initial total supply is exhausted, the block reward will be consistently maintained at 0.6 ZEPH per block.
- 75% of the block reward is allocated to miners. 20% is used to support the ZEPH reserve, and serves as an additional incentive mechanism for reserve providers within the Zephyr Protocol's over-collateralized stablecoin system.
The remaining 5% is allocated to fund the ongoing development of the Zephyr Protocol.
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