Zora Under Fire for Token Distribution Model, Critics Question its ‘Fun’ Promise

Crypto project Zora is facing scrutiny for its controversial token distribution strategy, dubbed “for fun” despite allocating a vast majority of the supply to insiders. This has sparked concerns about transparency and potential regulatory loopholes, with industry experts cautioning against such practices that could erode trust in the crypto landscape. 65% of the 10 billion total token supply will be held by Zora’s team, treasury, and early investors. This move, combined with a lack of utility for holders, has drawn sharp criticism from influential figures like Karbon and ZachXBT.