Introducing zkLink Community Token Sale on CoinList
January 12th, 2024

As the DeFi landscape continues to evolve, zkLink is poised to take a significant leap forward. In January 2024, DeFi will host an community sale on CoinList, the platform renowned for debuting some of the most groundbreaking projects in the cryptocurrency and blockchain space.

This sale is not just another event—it's a piv otal moment for zkLink as this projects stride towards setting a new standard for high-performance DeFi with their advanced zero-knowledge trading infrastructure and the freshly unveiled Nexus platform. Keep on reading to know more about the details of the Community Token Sale & how to Apply for the “zkLink Explorer’s Whitelist” to get priority access to the community sale.

zkLink is a cutting-edge multi-chain trading platform utilizing zk-SNARKs to enhance the security of decentralized trading applications, including order book DEXs and NFT marketplaces. It acts as a bridge between various Layer 1 blockchains and Layer 2 networks, functioning as a ZK-Rollup middleware that amalgamates assets and liquidity across different chains.

This integration facilitates a fluid multi-chain trading experience and fosters a more inclusive and efficient decentralized finance (DeFi) ecosystem. Aimed at the Ethereum ecosystem, zkLink's premier platform, Nexus, is a zero-knowledge Layer-3 aggregator designed to connect different zk-Rollup Layer-2 ecosystems.

Nexus addresses the issue of liquidity fragmentation and ensures heightened security and scalability through zk-Proofs. It boosts the performance of trading dApps and minimizes costs without compromising on security, leveraging Ethereum's robust security features

zkLink has raised a total of $18.5 million to date, with significant rounds led by prominent investors in the crypto space. These funds bolster their mission to empower users with cutting-edge DeFi solutions.

Learn more about zkLink here.

zkLink boasts an array of features designed to streamline and secure the multi-chain DeFi landscape:

  1. Native Asset Aggregation: dApps on zkLink can list and trade a wide array of tokens from various Layer 1 and Layer 2 networks, including both fungible (FTs) and non-fungible tokens (NFTs), all through a unified interface. This system removes the need for bridges, mitigating associated risks and fees.

  2. Multi-chain Token Portfolio Management: Users can manage assets from multiple chains in a single wallet, thanks to zkLink's protocol. For example, tokens from different networks like Ethereum, BNB Chain, Polygon, and others, can be deposited into one address on zkLink's network, simplifying portfolio management.

  3. Liquidity Aggregation and Token Merge: zkLink unites tokens of the same kind across different blockchains into one, such as USDT from ERC20, SPL, and BEP20, into a singular USDT on zkLink's network. This includes ETH and other tokens, creating a centralized exchange-like experience without the counterparty risk.

  4. Stablecoin Liquidity Unification: Within the zkLink ecosystem, USD acts as a unified base currency, backed by a variety of stablecoins like USDC, USDP, and BUSD. This unification streamlines transactions, making them more efficient and user-friendly for trading and NFT purchases.

  5. App-specific Zero-knowledge Circuit: Tailored to support high-performance needs like order book trading, zkLink's custom zero-knowledge circuit is designed for efficiency and scalability, enabling over 1000 transactions per second (TPS). This caters to high-frequency trading demands while keeping computational and gas costs low.

Details of the Community Token Sale

  • Sale Date: January 25th, 2024, at 18:00 UTC

  • Register Link: coinlist.co/zklink

  • Token Price: $0.15 per ZKL token

  • Unlock Terms: 30% unlocked by March 31st, 2024, followed by monthly vesting over 9 months

  • Token Allocation: 31,250,000 ZKL (ERC20)

  • Part of Total Supply: 3.125%

  • Purchase Limits: $100 minimum, $500 maximum, additional requests up to $1500

  • Funding: USDT, USDC

  • Exclusions: Residents of several countries including the US, Canada, China, and South Korea

  • Token Distribution: The pie chart illustrates how the tokens are allocated, with the community treasury holding the largest share, reflecting zkLink’s focus on community-driven growth.

In the spirit of gratitude and inclusivity, zkLink is inviting the community to be a part of the journey from the outset. The Whitelist opens on January 11th and will run until January 16th, giving you a chance to be part of something revolutionary.

How to Secure Your Spot:

  1. Submit your application via this Whitelist form, providing your wallet address before the deadline on January 16th, 2024, at 12:00 PM UTC.

  2. Boost your chances by engaging with zkLink on zkLink social media platforms. Active community members who have shown consistent support will have high chance to get whitelist spot.

  3. The lucky Whitelisted users will be unveiled before January 19th, awarding them the 'zkLink Explorer' Role on Discord.

Remember, even if you're selected, you must register on the zkLink deal page on CoinList to participate in the token sale.

Why the Whitelist Matters: Being a Whitelisted zkLink Explorer isn't just a title—it's your front-row seat to the protocol's evolution. You'll be able to interact with the zkLink platform, contribute insights, and reap rewards for your active participation.

Please note that whitelist spots are at the discretion of the zkLink management team.

The Utility of ZKL Tokens

The ZKL token is a multifaceted component of the zkLink ecosystem, serving as both the utility and governance token. As an ERC20 token on Ethereum, it's interoperable across Layer 1 chains and Layer 2 rollups, with a fixed supply of 1 billion tokens ensuring a non-inflationary model.

The token's utility spans several functions:

  1. Prover Fees: ZKL is used for payment in the zero-knowledge proof generation process. It's required by provers to bid for tasks in the Proof Auction Market, where they stake ZKL to earn rewards for completing proofs. This market is a pivotal part of the zkLink protocol, handling task bidding and fee distribution.

  2. Rollup Infrastructure Fees: DApps using zkLink’s rollup solutions pay their infrastructure fees in ZKL. The zkLink DAO Vault collects these fees, which may also be partly covered by future revenue sharing models, providing flexibility in the protocol’s economic design.

  3. Governance: ZKL holders have governance rights, enabling them to influence the protocol's development through proposal submissions and voting, ensuring community-driven evolution.

  4. Ecosystem Perks: Holding ZKL opens up various benefits, like reduced trading fees and special NFT minting opportunities. These perks are managed by the zkLink DAO and supported by ecosystem DApps.

Conclusion

Don't miss out on this unprecedented chance to be at the forefront of DeFi innovation. Join the zkLink Community Sale and register for Explorer's Whitelist, and let's shape the future of finance together!

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