The ZAP protocol in Coinbase refers to a community-driven token issuance protocol built on the
Ethereum Layer2 Blast. It aims to provide a fair, transparent, and democratic platform for early token adoption and distribution, addressing the issues of current token launch methods. ZAP consists of three core components: Labs, Launch, and Drops, designed to facilitate project tokenization and equitable distribution.
7 answers
CryptoLodestar
Sat Nov 09 2024
Miners are rewarded for submitting direct data to the network.
KimonoGlory
Sat Nov 09 2024
The system penalizes bad actors to maintain network integrity.
StarlitFantasy
Sat Nov 09 2024
ZAP, the governance token of Zap, is issued for this purpose.
Federico
Sat Nov 09 2024
The Zap protocol operates on a crypto-economic incentive mechanism.
AltcoinExplorer
Sat Nov 09 2024
Miners receive ZAP tokens as incentives for their contributions.