The $RIZ Airdrop for zNode owners

Following the successful conclusion of the Rivalz zNode Sale, Rivalz is excited to announce the upcoming zNode RIZ Drop. This event rewards both zNode Holders and Burners with RIZ tokens during the Token Generation Event (TGE). 

How to Claim Rewards

• Claim Period: The claim window opens on February 21, 2025 at 13:15 UTC. Note that there’s no deadline for claiming the zNode RIZ Drop. 
• Claim Portal: All RIZ rewards can be claimed through the Claim page on the zNode Management Portal.

Reward Breakdown

Below you will find information on how much RIZ allocation is reserved depending on whether you choose to HOLD or BURN your zNodes:

• zNode HOLD: Users who choose to hold their zNodes will receive an airdrop of 7,143 RIZ tokens per node.
• zNode BURN: Users who opt to burn their nodes will be awarded 17,857 RIZ tokens per burnt node. This amount represents 50% of the reserved tokens available at TGE.
• zNode HOLD & BURN: If a user decides to hold some nodes while burning others, the total RIZ allocation will be calculated using the following formula:(Number of HOLD zNodes × 7,143) + (Number of BURN zNodes × 17,857) = Total RIZ Allocation
• Early zNode runners rewards (zNode HOLD ONLY) Additionally, the participation amongst early zNode runners was a success - with close to 30% of zNode owners taking part in the event, they will share an additional pool of 0.25% of $RIZ total supply. This pool will be distributed linearly based on the zNode points collected.

Important Disclaimer: Rivalz urges everyone to be cautious of scams or phishing attempts. Always verify that you are interacting with official Rivalz links and receiving updates exclusively from Rivalz’s official social channels.Rivalz will always communicate all announcements through its official channels.

Additional Information for post-TGE emissions & grace period

As for the $RIZ TGE and start of emissions, in order to make sure all zNodes are operating we are announcing a three-week grace period. 

All zNode owners, active or not, will receive emissions in $wRIZ weekly for the first 21 days. $wRIZ will be airdropped to zNode owners on the 28th of February, 7th and 14th of March.

After that, only active (delegated or self-run) zNode owners will be eligible for emissions. As for the 2-year emissions, they increased from 35,714 $RIZ to 38,572 $RIZ due to the number of zNodes burned.  

The Network has grown to a substantial number of zNode owners, working together to strengthen its security and stability. We are looking forward to everyone taking part! 

Additionally, the $wRIZ to $RIZ wrap/unwrap functionality will go live on the 28th of February.