zkLink, a leading player in the realm of zero-knowledge blockchain technology, has unveiled its eagerly awaited token, $ZKL, marking a significant stride towards resolving liquidity fragmentation within the Layer 2 (L2) ecosystem.
Following a successful Community Token Sale on Coinlist, $ZKL is poised for launch on Thursday, January 25, 2024, at 18:00 UTC.
The $ZKL token, serving as both the native utility and governance token for the zkLink protocol, holds pivotal importance in addressing L2 liquidity issues.
It empowers developers to effortlessly access zkLink’s cutting-edge zero-knowledge rollup infrastructure, encompassing zero-knowledge (ZK) proof markets.
Additionally, $ZKL facilitates governance over protocol development via the zkLink DAO and serves as the means to pay for ZK proof computational resources.
Vince Yang, Co-founder of zkLink, expressed excitement, stating, “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.
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 an array of native tokens and multi-chain assets across connected L1s and L2s, including FTs and NFTs tradable via a unified user interface.
This non-inflationary ERC20 token, issued on the Ethereum Mainnet, boasts a capped token supply of 1 billion. Users can acquire DAO voting rights by staking to obtain veZKL.
In conjunction with the forthcoming $ZKL token sale, zkLink has divulged details about significant upcoming protocol updates featured in the 2024 Technical Roadmap.
A new whitepaper from zkLink delves deeper into the multi-chain ZK-Rollup infrastructure, offering a solution to harmonize fragmented liquidity and empower decentralized exchanges (DEXs) with enhanced pricing capabilities.
zkLink, known for its development of zero-knowledge blockchain infrastructure tailored for high-performance ZK applications, introduces Nexus as its flagship zero-knowledge Layer-3 blockchain solution.
Nexus aims to bridge the divide between various zk-Rollup Layer-2 ecosystems, mitigating liquidity fragmentation while ensuring security and scalability through zk-Proofs.
Backing zkLink are prominent investors, including Coinbase Ventures, Ascensive Assets, SIG DTI, BigBrain Holdings, Efficient Frontier, and others.
zkLink Nexus brings a Layer 3 solution to native crypto assets from zkRollups, offering respite to developers in the Ethereum Layer-2 ecosystem by eliminating concerns related to fragmented liquidity, chain-specific deployments, security risks, and exorbitant asset transfers between ecosystems.