PANews reported on October 30th that the privacy-preserving protocol zkPass announced its tokenomics. The ZKP token is based on the ERC-20 standard and has a total supply of 1 billion. Token functions include a settlement medium, validator collateral, network points, service access, and cross-system verifiability and governance. Regarding the token distribution and unlocking plan: 48.5% for the community (12.5% unlocked at TGE, 6% linearly released in the first 3 months, and 30% released monthly for the next 5 years); 22.5% for early investors (linearly released over 18 months after a 12-month lock-up period); 14% for core contributors (linearly released over 24 months after a 24-month lock-up period); 10% for the DAO treasury (linearly released over 5 years); and 5% for liquidity (100% unlocked at TGE).

In October 2024, it was previously reported that zkPass had completed a $12.5 million Series A funding round, reaching a valuation of $100 million.