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Update distribution.mdx log to clarify no effects on supply (#502)
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bbbeeeee authored Nov 4, 2024
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Expand Up @@ -91,7 +91,9 @@ earned tokens for their contributions to the ZetaChain network.
## Token Distribution Log

### Oct 23rd, 2024:
To enhance security and decentralization, 1.5B ZETA tokens have been permanently anchored to ZetaChain’s native network. While ZETA can still be transferred back to Ethereum as an ERC-20, the maximum amount that can be moved is now capped at 600M. The total ZETA supply remains 2.1B, with no impact on functionality.
To enhance security and decentralization, 1.5B ZETA tokens have been permanently anchored to ZetaChain’s native network. While ZETA can still be transferred back to Ethereum as an ERC-20, the maximum amount that can be moved to Ethereum is now capped at 600M.

This update has no effect on total supply, circulating supply, nor any network participant's ZETA. The total ZETA supply across chains remains 2.1B, with no impact on functionality. Circulating supply schedule for all network participants also remains unchanged.

The ZETA token anchoring improves ZetaChain’s security by ensuring 1.5B ZETA is permanently secured by ZetaChain’s native network, rather than the ERC-20 contract. This is a key step toward decentralization and improved safety for users and developers.

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