On December 7, 2023, ZKFair, the community-driven xZK L2 network, officially announced the launch of its testnet, opening its doors to all community users. https://twitter.com/ZKFCommunity/status/1733050435211280588?embedable=true 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 as the gas fee token, and its reward token, ZKF, has a total supply of 10 billion, allocated as follows: USDC 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, and 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 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! For more details, please follow our official . Twitter account This story was distributed as a release by under HackerNoon’s Business Blogging  Program. Learn more about the program here: Lumos (formerly Opside) https://business.hackernoon.com/

Augmentastic || Augmented Reality

ZKFair To Distribute 100% of Their Tokens As Airdrops On L2 Mainnet Launch: How's That For Fairness?

ZKFair Will Launch the First Community Owned ZK L2 and Airdrop 100% of the Tokens to the Community

Too Long; Didn't Read

CTA: Download the FREE AI Productivity Shift report

Demystifying ZKFair's Tokenomic Model

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

Untitled Story

OrcaMind.ai: Time for AI to Get Hands-On

$DEFI Token Hits 7 Major Exchanges: A Milestone Achievement

$JTC Network To List On BitMart Exchange

$500k Presale: TG.Casino Passes Milestone with Upcoming Telegram-Powered Platform

$3 Million in Seed Funding for Web3 Founders Announced By Necto Labs

OrcaMind.ai: Time for AI to Get Hands-On

$DEFI Token Hits 7 Major Exchanges: A Milestone Achievement

$JTC Network To List On BitMart Exchange

$500k Presale: TG.Casino Passes Milestone with Upcoming Telegram-Powered Platform

$3 Million in Seed Funding for Web3 Founders Announced By Necto Labs

Light-Mode

Classic

Newspaper

Dark-Mode

Neon Noir

Minty

HN StartUps