Crypto Exchange HTX Announces zkLink’s ZKL Token Listing On September 25
In Brief
HTX plans to list ZKL, opening deposits at 04:00 UTC on September 25th, followed by withdrawals starting at 11:00 UTC on September 26th.
Cryptocurrency exchange HTX announced its plans to list zkLink‘s token, ZKL. Deposits for ZKL are scheduled to open at 04:00 UTC on September 25th, followed by withdrawals starting at 11:00 UTC on September 26th.
Spot trading for the ZKL-USDT pair will commence once the deposit volume aligns with market trading demand. An official announcement will be made in advance to confirm the trading start date.
zkLink is a solution designed to facilitate interactions between different blockchain networks. By aggregating liquidity from multiple blockchains, it simplifies the trading and management of assets for users. The platform leverages the capabilities of zkLink Nova and zkLink X to link various systems, enhancing communication between them and streamlining transactions.
This approach addresses liquidity fragmentation by providing individuals with easier access to trade assets throughout different chains. By establishing an aggregated rollup infrastructure, it incorporates liquidity from various Layer 1 blockchains and Layer 2 rollups.
ZKL: Empowering Users With Rollup Infrastructure Access And Governance Rights
zkLink‘s native token, ZKL, enables user access to zkLink’s rollup infrastructure services and offers token holders governance rights over the project. The token has several functions, encompassing staking, where provers are offered to stake ZKL to participate in zkLink’s proof generation market, which is utilized by decentralized applications (dApps) for proof generation services. In return, provers have an option to generate ZKL rewards for successfully fulfiling these tasks.
Additionally, ZKL will serve as the primary payment token within zkLink’s proof generation market. dApps utilizing zkLink’s rollup infrastructure will compensate provers in ZKL for zero-knowledge proof (ZKP) generation services. Application-specific rollups created leveraging zkLink’s infrastructure will also pay fees in ZKP to zkLink DAO, the proposed governance organization for the project. Furthermore, zkLink DAO and ZKL token holders will be able to exercise governance rights regarding the project’s direction and development at a later date.
In terms of ZKL distribution, the ZKL tokenomics allocate 29.88% to the community treasury, 22.5% for ecosystem development, 20.55% to early private purchasers, 20.00% to the team and advisors, 4.00% to the liquidity reserve, and 3.13% to the CoinList sale.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
