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zkLink Reveals Public Registration Date For $ZKL Token
by ChainwireJanuary 15th, 2024
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$ZKL will be available to users starting Thursday, January 25, 2024, at 18:00 UTC. It will be a non-inflationary ERC20 token issued on the Ethereum Mainnet with token supply capped at 1 billion. $ZKl will serve as the default payment token for ZK proof generation services and users can obtain DAO voting rights.
SINGAPORE, Singapore, January 15th, 2024/Chainwire/--$ZKL token realizes high-performance DeFi through zkLink’s cutting-edge zero-knowledge rollup infrastructure and newly launched Nexus platform.
zkLink, a trailblazer in the zero-knowledge blockchain sector, today announced the release date for its new token, $ZKL. Following the
The launch of the $ZKL token, the native utility and governance token for the zkLink protocol, is a significant milestone in zkLink’s mission to eliminate the liquidity fragmentation issues present in the Layer 2 (L2) ecosystem.
$ZKL serves as a resource that allows developers to easier access the zkLink rollup infrastructure service, including the zero-knowledge (ZK) proof markets; govern the protocol’s development through the zkLink DAO; and pay for ZK proof computational resources.
“We look forward to presenting the community with an asset that allows them to help shape the zero-knowledge rollup ecosystem’s direction in 2024,”
commented Vince Yang, Co-founder, zkLink.
“As outlined in our 2024 Technical Roadmap, we have several key developments planned to encourage our community to be more involved in building dApps that enable smoother, lower-cost DeFi experiences.”
The $ZKL token joins the list of native tokens and multi-chain assets across the connected L1s and L2s, including FTs and NFTs that users can trade on a unified user interface. It will be a non-inflationary ERC20 token issued on the Ethereum Mainnet with token supply capped at 1 billion. $ZKL will serve as the default payment token for ZK proof generation services and users can obtain DAO voting rights by staking to obtain veZKL.
Along with announcing the upcoming $ZKL token sale, zkLink recently released details on major upcoming updates to its protocol, highlighted in the
About zkLink
applications. Its flagship zero-knowledge Layer-3 blockchain solution, Nexus, is designed to bridge the gap among different zk-Rollup Layer-2 ecosystems to reduce liquidity fragmentation while providing security and scalability via zk-Proofs.
zkLink is funded by notable backers including Coinbase Ventures, Ascensive Assets, SIG DTI, BigBrain Holdings, Efficient Frontier, and others.
For more information, users can visit zkLink's:
About zkLink Nexus
zkLink Nexus is a Layer 3 solution for native crypto assets from zkRollups, such as zkSync, StarkNet, Scroll, Linea, Taiko, or the Polygon zkEVM, in the Ethereum Layer-2 ecosystem. Now developers looking to deploy their project on Layer 2s no longer need to worry about fragmented liquidity, chain-specific deployments, security risks, or high costs that can result from transferring assets between ecosystems.
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