ZAP Token Distribution Protocol Partners with Nansen

Bittime - ZAP partnered with Nansen to launch the Zap Value Index (ZVI) in August, improving token distribution efficiency by assessing wallet reputation based on on-chain data. ZAP's latest funding of $15.1 million increases the valuation to $100 million.

ZAP Token Distribution Protocol Partners with Nansen

According to news delivered by DeepChao TechFlow, ZAP, a Blast-based token distribution protocol, has announced a strategic collaboration with Nansen. The aim of this collaboration is to launch a system called "Zap Value Index" (ZVI), which will assess the reputation of wallets. By leveraging extensive on-chain data, the system is expected to change the way tokens are distributed.

Zap Value Index (ZVI) Wallet Reputation Assessment Innovation

ZVI tracks users' on-chain activity and updates wallet reputation scores in real-time using metrics such as gas spend, wallet age, and number of transactions. By combining these metrics, ZVI provides a score that reflects user activity and contributions in the blockchain ecosystem.

ZVI aims to encourage more active and positive user participation. Projects can distribute rewards more efficiently by incentivizing users with good on-chain behavior. Additionally, users can quickly verify their wallets with this system and obtain a reputation score, which can increase their chances of getting more rewards.

Official Launch in August

ZAP stated that the ZVI will be officially launched in August. This launch will mark ZAP's first step in rewarding real participation on the chain. With ZVI, ZAP hopes to create a fairer and more structured ecosystem where user contributions are rewarded based on their measured activity.

What Does ZAP's Financing and Valuation Look Like?

ZAP also recently completed a financing round of US$15.1 million. This additional funding increases ZAP's valuation to US$100 million. It is hoped that these funds will help further development of innovative protocols and features such as ZVI.

ZAP and Nansen Collaboration Demonstrates Blockchain Progress

This collaboration between ZAP and Nansen shows progress in the blockchain ecosystem, where data and analytics are used to improve the efficiency and fairness of token distribution. With the launch of ZVI, ZAP is committed to continuing to encourage active and positive user participation, as well as creating a more dynamic and inclusive ecosystem.

Conclusion

ZAP's collaboration with Nansen to launch the Zap Value Index (ZVI), which is expected to improve the fairness and efficiency of token distribution, marks an important step in the blockchain ecosystem. ZVI assesses wallet reputation based on on-chain data. ZVI's goal with its official launch in August was to increase user engagement. Further development of the protocol was supported by ZAP's latest financing round of US$15.1 million, which increased the company's valuation to US$100 million.

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