List of Flash News about Bitcoin BTC L1
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2026-01-06 12:33 |
Binance Alpha TGE for ZenChain (ZTC) on Jan 7: 420M Tokens, 26% Initial Float, Bitcoin (BTC) L1 Utility and Trading Setup
According to @ai_9684xtpa, Binance Wallet’s Alpha TGE for ZenChain (ZTC) is scheduled for Jan 7, 2026, from 16:00 to 18:00 UTC+8, with eligibility requiring Binance Alpha Points and an additional 420,000,000 ZTC reserved for future activities (source: Binance Chinese X post on Jan 6, 2026). The TGE offers 420,000,000 ZTC, with total supply at 21,000,000,000 and an initial circulating supply of 5,468,000,000 (26% of total) at TGE (source: ZenChain tokenomics explainer on Medium; @ai_9684xtpa). The 420,000,000 ZTC equals 7.68% of the TGE circulating float and approximately 2.0% of total supply based on the above figures (source: ZenChain tokenomics explainer on Medium; Binance Chinese X post). The circulating portion at launch includes allocations for GTM and community, ecosystem (20%), airdrops (50%), foundation (24.75%), and liquidity/marketing (source: ZenChain tokenomics explainer on Medium). ZTC is described as a multi-utility token used for staking, native gas, ecosystem incentives, and on-chain liquidity provision (source: ZenChain tokenomics explainer on Medium). ZenChain is positioned as an EVM-compatible Bitcoin L1 aiming to activate idle BTC liquidity from cold wallets and exchanges (source: @ai_9684xtpa; ZenChain communications via Medium). The author also reports the team announced an $8.5 million round led by Watermelon Capital, DWF Labs, and Genesis Capital (source: @ai_9684xtpa on X, Jan 6, 2026). For trading, the sizable initial float and the extra 420,000,000 tokens earmarked for future activities suggest meaningful supply at launch and later emissions to monitor, while gas and staking utilities may support on-chain demand during price discovery (source: ZenChain tokenomics explainer on Medium; Binance Chinese X post). The author notes fewer TGEs in Nov–Dec and a tentative pickup in early January, framing this as an early-2026 sentiment gauge (source: @ai_9684xtpa). |