Fellow ZKS astronauts,
We will be running four ERC 20/NFT mining campaigns on the ZKSpace platform for 14 days. These events will be held under the new fee structure starting from Apr 28, 2022, and we are pleased to announce that most costs of transactions on ZKSpace are 50%+ lower than before.
Period: April 29 10:00 AM - May 13 10:00 AM UTC
Total Reward Pool: 4M+ ZKS
ZKSwap
Five token pairs are supported for ERC 20 mining as usual (see the table below).
Proof of Liquidity (POL) mining
- Add liquidity of the five eligible token pairs to the L2 liquidity pool and activate your address on the mining page.
- Participants can obtain LP tokens by adding liquidity to the L2 pool. Then the reward will be distributed according to the proportion of each user’s LP token amount.
- You can view your reward on the PoL mining page at any time, and claim your reward on this page every day at 10:00 am UTC.
- Unclaimed rewards will accumulate. There is no expiration date on reward claiming.
Proof of Transaction (POT) mining
- Swap the five eligible token pairs via the L2 trade–swap page. This process will automatically give participants a credential for winning a daily reward.
*Fees for swapping tokens have been reduced from 1U to 0.5U(+0.3%*trading volume)to provide better service.
- You can view your reward on the PoT mining page at any time, and claim your reward on this page every day at 10:00 am UTC.
- Unclaimed rewards will accumulate. There is no expiration date on reward claiming.
ZKSea
Proof of Liquidity (POL) mining
Anyone who mints and lists NFTs on our Layer 2 market, ZKSea, will be eligible for rewards and additional bonuses based on their daily participation rate.
*Fees for minting NFTs have been reduced from 5U to 2U to provide better service.
*Fees for listing NFTs: 0
Primary rewards:
- The daily rewards pool is 10,000 ZKS for primary rewards.
- The regular rewards will be determined by the proportion of your daily listed quantities.
Bonus:
- Once your NFT is sold out, you can claim additional bonuses equivalent to 120% of the transaction fee in ZKS (sales*2.5%*120%).
- There is a 130,000 ZKS cap for bonuses per day.
Proof of Transaction (POT) mining
Proof-of-Transactions mining aims to subsidize the NFT transaction fees and encourage platform transactions.
NFT buyers will be eligible for rewards based on the daily gas fee paid for purchasing NFTs.
*Fees for purchasing an NFT have been reduced from 10U to 5U to provide better service.
Rewards:
- Each NFT transaction will be rewarded with $ZKS equivalent to 10 $USDT (200% of the gas fee)
- The daily reward cap is 80,000 ZKS.
- Rewards will be shared based on the proportion of your transaction on the NFT Market if reaching the ceiling.
A recap for the mining campaign (4.13-4.27): The TVL of ZKSwap was up by 40% compared to the last round of mining(3.23-4.6). For ZKSea, we saw a daily trading amount of 1,000 NFTs, a daily trading volume of ~ $400,000, and a daily minting amount of ~ 400 NFTs.
As usual, we are excited to invite you to experience the safe and smooth trading on Layer 2 platform ZKSpace.
If you have any questions, don’t hesitate to reach out to our admins on Telegram!
About ZKSpace
The all-new ZKSpace platform consists of three main parts: ZKSwap, the innovative Layer 2 AMM DEX utilizing ZK-Rollups technology, payment service ZKSquare, and an NFT minting center and marketplace called ZKSea. With an all-new-look user interface, NFT support, smoother withdrawal, optimized efficiency, and multi-chain support, ZKSpace aims to implement EVM-compatible ZK-Rollups and bring the community more layer 2-based products in the near future.
Stay Tuned
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