|
|
The Layer2 full-featured protocol ZKBase (formerly ZKSpace), based on ZK-Rollups, has completed the destruction of 400 million tokens, accounting for 40% of the total ZKS supply. The unreleased amount of ZKS has decreased from 440 million to 40 million, with a deflation rate exceeding 90%. Combined with ongoing platform fee repurchase and destruction, the total supply of ZKS has decreased from 1 billion to less than 600 million ZKS. The remaining tokens will be used entirely for future operational activities and community incentives.
In 2024, the team plans to launch ZKSwap (Bitcoin) targeting BRC20 and Bitcoin tokens, and upgrade ZKS to a dual-chain Layer2 governance token supporting ETH and BTC. The ZKBase team, previously known as ZKBase, has announced a rebranding, including a 1:1 exchange of ZKS to ZKB. ZKB will become the new governance token for the ZKBase team, offering holders various benefits such as ERC20-BRC20 cross-chain advantages and 100% transaction fee benefits. The team also plans to migrate a portion of ZKS tokens to the BTC network. The proceeds from the migration will be used entirely for ongoing token repurchases and burns, accelerating the token deflation plan. |
|
Post time 6-1-2024 08:51:07