UnicornX Rewards Long-Term Holders to Curb Token Volatility

The blockchain platform UnicornX has unveiled the specifics of the second phase of its ZKWASM Diamond Hands Reward program, following a snapshot taken on September 12. This initiative is designed to incentivize long-term token holders by rewarding them for maintaining their UNX tokens over an extended period. The snapshot date marks the first step in identifying participants eligible for the rewards, with further phases scheduled for execution in the coming months.

According to the announcement, the ZKWASM Diamond Hands Reward is part of UnicornX’s broader strategy to stabilize token value and encourage sustained engagement within its ecosystem. The platform emphasized that the rewards will be distributed proportionally based on the amount of UNX tokens held and the duration of ownership after the snapshot date. This approach is intended to reward loyalty and discourage speculative trading behavior.

The ZKWASM platform, which operates on zero-knowledge proof technology, is a core component of UnicornX’s infrastructure. The platform claims that the reward program aligns with its long-term vision to create a sustainable and user-centric blockchain environment. By offering incentives for token retention, UnicornX aims to enhance network security and encourage broader participation in its governance model.

Analysts have noted that such reward mechanisms are increasingly being adopted by blockchain platforms to combat volatility and foster a more stable token economy. The structure of the ZKWASM Diamond Hands Reward mirrors similar programs in the decentralized finance (DeFi) and Web3 space, where user retention is a key metric for long-term success.

Participants who wish to qualify for the second phase of the program are advised to ensure that their UNX tokens are held in compatible wallets and not subject to transfer or staking during the snapshot period. The program does not involve any additional costs or token lockups, making it accessible to a wide range of token holders. UnicornX has stated that the details of the reward distribution will be published on its official website and communication channels in the upcoming weeks.