Understanding the ZKFair Tokenomic Model in One Read
Hong Kong, 11th December 2023, ZEX PR WIRE, On December 7, 2023, ZKFair, the community-driven ZK L2 network, officially announced the launch of its testnet, opening its doors to all community users. The project is still in its early stages, allowing users to perform various operations such as cross-chain transactions during the testnet phase.
Throughout the testnet period, the project plans to progressively introduce ecosystem projects such as Swap, lending, NFT market, gaming, and collaborate with notable projects like Orbiter, Space ID, OKX Wallet, Bitget Wallet, TP Wallet, iZUmi, Meson, unveiling corresponding features. The anticipated mainnet launch is projected around December 20.
ZKFair is a community movement focused on addressing pain points within the current ZK L2 ecosystem, including high valuations and barriers to entry for ordinary users. It marks the first L2 network based on Polygon CDK, Celestia DA & Lumoz ZK-RaaS, ensuring a 100% fair launch.
On the day of ZKFair testnet launch, over 30,000 users engaged with the community, actively participating in testnet interactions. The innovative economic model has been a focal point of community interest, and this article aims to introduce the innovative 100% community Fair Launch mode initiated by ZKFair.
ZKFair utilizes USDC as the gas fee token, and its reward token, ZKF, has a total supply of 10 billion, allocated as follows:
75% for the gas fee airdrop: Users generating transaction fees on the ZKFair mainnet will receive airdrop rewards in ZKF tokens once the gas fee airdrop program is launched (expected 3-5 days after the mainnet launch). The limit is $3 million, first come, first served.
25% for the community airdrop:
8% for Lumoz points holders (viewable on the Lumoz website).
8% for the Polygon community (specific airdrop method to be determined).
2% for ZKSync, Scroll, ZKSpace, Linea communities (addresses with interactions in the last 2 months).
2% for early code contributors.
5% for Ordinals community token holders (this airdrop will not be immediately unlocked, waiting until ZKFair supports the BTC ecosystem).
*To appreciate the spirit of the Ordinals community, consistently prioritizing community users, aligning well with our vision. Hence, ZKFair is the first project to airdrop a 5% token allocation to the Ordinals community.
To ensure absolute fairness in the launch, specific details of the ZKFair gas fee airdrop program will be announced before its launch. The entire process aims for no VC involvement, no pre-mining, and no advance reservations.
After the conclusion of the ZKFair gas fee airdrop program, ZKFair will open ZKF token airdrop claims to all eligible users. Users can claim airdrop rewards through a designated page on the official website within a 10-day window. Tokens unclaimed after this period will be considered forfeited and subsequently destroyed. The ZKFair team commits to no future token issuance.
The emergence of ZKFair addresses challenges in fairness and user participation within the ZK ecosystem. It aspires to guide industry development, advocating for the scalable growth of community-driven ZK L2 networks. Community support is crucial for this journey, and we encourage all users to join ZKFair, contribute to discussions, share ideas, and be part of shaping a ZK ecosystem that reflects user intentions and talent. Let’s redefine the future of ZK together!
ZEX PR Wire offers massive Press Release, News, Authored Articles, Editorial services, geared at generating massive exposure for your unique project, business, or concept.
ZEX PR WIRE is a premium press release distribution provides end-to- end solutions to produce, optimize and target content and then distribute and measure results. Combining the world's largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, ZEX PR WIRE serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and Asia-Pacific regions.
Disclaimer: ZEXPRWIRE is a newswire distribution network. Articles and other content published by ZEXPRWIRE are the legal responsibility of the author and ZEXPRWIRE accepts no liability for the content of such material. ZEXPRWIRE publishes content for informational purposes and makes no representations regarding, recommendation or invitation to engage in, any form of financial or investment activity, and does not endorse the content of any material published.
ZEX PR WIRE allows users to submit their press releases through our online platform. Once submitted, our team reviews the content for quality and relevance. Upon approval, the press release is distributed to our extensive network, including major news outlets, industry-specific publications, and online platforms.
You can streamline the distribution process while still benefiting from human oversight. This ensures that your press releases meet quality standards, increasing the likelihood of media coverage and enhancing your brand's visibility.
ZEX PR WIRE accepts a wide range of press releases, including product launches, company announcements, event promotions, new partnerships, industry insights, and more. However, we do not accept press releases containing offensive or illegal content. For more information on this please visit https://zexprwire.com/editorial-guidelines/
Pricing for using ZEX PR WIRE varies depending on the distribution package you choose. We offer different plans to suit various needs and budgets. For detailed pricing information, please visit https://pr.zexprwire.com/pricing
You can view the total number of site submissions, status for each submission (live/pending), hyperlinks for each live PR, details pertaining to your package and number of press releases remaining, and view count for each live PR through third-party tracker integrations. (You may change the content according to what we provide in analytics).
ZEX PR Wire operates between 10AM to 7PM IST. During these hours, press releases may be distributed immediately after editorial approval of the press release. Otherwise, it will be published the next day. Additionally, several publications might require more than one day to be completed.
It generally takes 24- 72 hrs to publish the press release and generate the report
Yes, ZEX PR WIRE allows you to schedule the distribution of your press release for a specific date and time. This feature enables you to plan your PR campaigns strategically and ensure that your news reaches the right audience at the right time.
If you have any further questions or need assistance, you can reach out to our customer support team through direct Whatsapp ,chat on the web or can write to us at [email protected]. We are available to help you with any queries or concerns you may have.