[PRESS RELEASE – Singapore, Singapore, January 15th, 2024]
$ZKL token offers high-performance DeFi through zkLink’s advanced zero-knowledge rollup infrastructure and newly launched Nexus platform.
zkLink Announces Release Date for $ZKL Token
zkLink, a leader in the zero-knowledge blockchain sector, has revealed the launch date for its new token, $ZKL. The token will be available to users starting Thursday, January 25, 2024, at 18:00 UTC after the Community Token Sale on Coinlist.
Significant Milestone in zkLink’s Mission
The release of the $ZKL token marks a major achievement for zkLink. It aims to address liquidity fragmentation issues in the Layer 2 (L2) ecosystem. $ZKL serves as a resource that enables developers to access zkLink’s rollup infrastructure service, govern the protocol’s development through the zkLink DAO, and pay for ZK proof computational resources.
“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,” commented Vince Yang, Co-founder of zkLink.
The Role of $ZKL Token
The $ZKL token will join the list of native tokens and multi-chain assets across connected L1s and L2s. It will be a non-inflationary ERC20 token issued on the Ethereum Mainnet with a capped supply of 1 billion. $ZKL will serve as the default payment token for ZK proof generation services and provide users with DAO voting rights through veZKL staking.
Upcoming Updates and Technical Roadmap
zkLink has also shared details about upcoming updates to its protocol in the 2024 Technical Roadmap. These updates aim to unify fragmented liquidity across ecosystems and empower decentralized exchanges (DEXs). Users can learn more about these developments in zkLink’s new whitepaper.
About zkLink
zkLink is a pioneer in developing zero-knowledge blockchain infrastructure solutions for high-performance ZK applications. Its Nexus platform serves as a Layer-3 solution to bridge different zk-Rollup Layer-2 ecosystems, reducing liquidity fragmentation and ensuring security and scalability through zk-Proofs.
About zkLink Nexus
zkLink Nexus is designed to eliminate challenges faced by developers deploying projects on Layer 2s in the Ethereum ecosystem. It enables seamless transfer of native crypto assets from zkRollups, such as zkSync or StarkNet, without worrying about liquidity fragmentation, chain-specific deployments, security risks, or high costs.
Contact
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Hot Take: zkLink Empowers DeFi with $ZKL Token and Nexus Platform
zkLink’s release of the $ZKL token and introduction of the Nexus platform mark significant steps towards eliminating liquidity fragmentation and enhancing the efficiency of DeFi experiences. With $ZKL, developers gain easier access to zkLink’s rollup infrastructure and governance while benefiting from non-inflationary ERC20 tokens. The upcoming updates and technical roadmap further demonstrate zkLink’s commitment to improving decentralized exchanges through unified liquidity and pricing power. By bridging different zk-Rollup ecosystems, zkLink Nexus offers a solution to transfer assets seamlessly without concerns about security risks or high costs. Overall, zkLink continues to innovate in the zero-knowledge blockchain sector, empowering the crypto community to shape the future of DeFi in 2024 and beyond.
Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content.