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Ola: First token distribution snapshot for early Massive users is planned for May 11

Ola: First token distribution snapshot for early Massive users is planned for May 11

CointimeCointime2024/05/08 03:07
By:Cointime

Ola, a second-layer ZKVM project, announced on X platform that the first token distribution snapshot for early Massive users is scheduled to take place at 12:00 UTC on May 11th (8:00 PM Beijing Time). Ola also stated that as the number of registered OlaMassive users reaches the milestone of 200,000, a portion of Ola tokens will be reserved for early active Massive participants, although the specific amount has not yet been disclosed.

Based on Ola's distribution snapshot plan, the first snapshot to be launched in the first phase will provide partial tokens for first-phase participants. The second phase, which will reset scores for all participants after the first phase, will begin after the first phase. Each new phase ensures that all users start on an equal basis, and the total amount of Ola tokens received by users will be based on the sum of invitation points and ZKP verification points for each phase. To qualify for the final token distribution, the address must remain active before the TGE, and participation must be maintained to ensure continued rewards. Ola will provide detailed information on token distribution before the TGE.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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