The zETH race by @zerufinance is nearing its end. Here’s a summary of what’s been announced and what’s still pending: Countdown figures. According to ZeruAI, the initial supply started at 1 billion, dropped to 864 million on 11/5, then to 790 million, and most recently to 738,171,071. Since 11/5, approximately 126 million have been reduced—each participating wallet and each valid activity lowers this number further. End point. The race chart on the website extends to 11/11, and ZeruAI has indicated that the auction is about to begin; those interested should register before it opens. After the race. According to ZeruAI, the remaining zETH will enter Uniswap’s Continuous Clearing Auction: tokens are released over time, and all winners within the same block pay the same settlement price. Zaps documentation states that miners are the only ones allowed to set prices during the first few hours, when prices are lowest. Miner benefits. A portion of auction proceeds are paid in USDC, a portion of the pool’s trading fees are distributed weekly, and option rights on zETH at the auction price are only valuable on days when zETH trades at or above that price. What remains to be announced: the schedule and rules for the miner window, number of slots, amount of tokens to be auctioned, and starting price. One analysis suggests examining the final supply alongside seat distribution, as the countdown figure alone doesn’t reveal who holds what. What I value most is ZeruAI’s transparency in disclosing supply figures at each stage and clearly outlining the sequence: race, auction, locked pool. For participants, the real cost lies in the activities you perform and the price you pay during the auction. zETH self-identifies as a meme coin. This is not investment advice.