ZKSpace will launch the Token Migration Campaign on Feb 21, 2022, at 10:00 AM UTC, featuring massive ZKS giveaways. The event will last for 21 days till Mar 14, 2022, at 10:00 AM UTC. Users who make a deposit on ZKSpace via the Deposit or Eco Deposit methods will have a chance to receive 200 ZKS rewards each. Each address can only claim the rewards once.
Deposit Method
To enjoy the gas-free and real-time token transfer experience, you must first transfer assets from your Layer 1 wallet (for example, MetaMask wallet) to your ZKSpace Layer 2 wallet. At Layer 2, ZKSpace administers your assets via a decentralized network of smart contracts. You will have sole control over your assets via private keys. The safety of your assets is ensured. You can withdraw your funds and transfer them back to the Layer 1 wallet at any moment. However, massive gas fees will be incurred during the process, especially when the Ethereum network is congested.
Eco Deposit Method
To help users save the gas fee, ZKSpace launched the “Eco Deposit” mode on Jan 28, 2022. Users can transfer tokens to the official address through the deposit page or their wallets. Once the transaction is successful, their Layer 2 addresses will receive the tokens deposited minus a $2 Eco Deposit gas fee (based on the latest pricing on Layer 2), which is 70% cheaper than the primary Deposit method from Layer 1. Currently, Eco Deposit only supports ETH, USDT, and ZKS.
For the protection of L2 security, a single deposit cannot be higher than $200K. Please make the transfer > $200K through the Deposit method. If there’s an error, please get in touch with customer service for a refund. Currently, ZKSpace doesn’t accept a single deposit lower than $10.
Try our deposit modes and earn ZKS rewards. We look forward to your participation!
Additionally, the fast withdrawal function is currently under technical development. The new function outperforms the traditional withdrawal mode in three aspects. First, it will be safer and faster. When compared to the conventional ZK-Rollups' mechanism, the fast withdrawal feature will save more than 90% of the withdrawal time. Second, it will be more cost-effective. Users will only need to pay 20 USDT for gas fees, compared to 30 USDT of the traditional method. Last but not least, the Instant Withdrawal feature will support withdrawal to any ERC20 address. Stay tuned for new updates!
*Notes:
1)Rewards: Top 1,000 participants will win 200 ZKS rewards each.
2)Rewards distribution: Rewards will be distributed within 10 working days after the event ends. If you have any questions, please contact the official Telegram group administrator.
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, unlimited token listing, 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 soon.
Stay Tuned