Cryptocurrency Q&A
What is the zap protocol in Coinbase?
What is the zap protocol in Coinbase?
Lucia
Thu Nov 07 2024
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7 answers
1563
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.
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KimonoGlory
Sat Nov 09 2024
The system penalizes bad actors to maintain network integrity.
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StarlitFantasy
Sat Nov 09 2024
ZAP, the governance token of Zap, is issued for this purpose.
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Federico
Sat Nov 09 2024
The Zap protocol operates on a crypto-economic incentive mechanism.
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AltcoinExplorer
Sat Nov 09 2024
Miners receive ZAP tokens as incentives for their contributions.
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