Gate will launch ZKSwap (ZKS) trading on January 6th, 2021 at 7:00 AM UTC. This is the initial token offering of ZKS on an exchange.
ZKS deposit: https://www.gate.com/myaccount/deposit/ZKS
ZKS/USDT market: https://www.gate.com/trade/ZKS_USDT
ZKS/ETH market:https://www.gate.com/trade/ZKS_ETH
About ZKSwap (ZK-Rollup based Swap)
ZKSwap (a ZK-Rollups based Swap protocol) is a brand-new exchange
proto- col based on ZK-Rollups technology. Through Zk-Rollups
technology, all ERC20 tokens are transferred to Layer2, and the
consistent state of Layer1 and Layer2 is guaranteed based on
continuously generated zero-knowledge proofs. This so- lution allows all
exchanges to ute on Layer 2, achieving real-time swap with zero gas
fees, unlimited scalability, removing the constraint from the Ethereum’s
TPS, and block confirmation time. The user no longer has to wait for
the one- block confirmation time for each transaction. ZKSwap enables a
DEX to provide the smooth user experience of a centralized exchange(CEX)
while allowing the users to have full custody over their funds.
ZKS Token Allocation
ZKS is the protocol token of ZKSwap, with a total of 1 billion ZKS. ZKSwap token ticker is ZKS.
The smart contract address of ZKS is
https://etherscan.io/token/0xe4815ae53b124e7263f08dcdbbb757d41ed658c6
The distribution ratio of ZKS is as follows:
- 60% to Community Mining:
Six hundred million ZKS is allocated for community mining. Five hundred million ZKS will be
distributed in the first three years, and 100 million will be used for long-term incentives.
a. The first year will distribute 20% of total token supply, the second year 15%, the third
year 15%, the fourth year onwards totaling 10%;
b. Community mining includes:
i. Proof-of-Liquidity-Mining (15% of the total supply);
ii. Proof-of-Gas (10% of total supply);
iii. Proof-of-ZK-Snarks (15% of the total supply);
iv. Proof-of-TransFee (10% of the total supply);
v. Smart Contract Staking (10% of the total supply);
- 15% to the ZKSwap Team:
One hundred fifty million ZKS will be allocated to the ZKSwap team, with a one-year lockup
from the mainnet launch. Starting from the second year, 5% of the total token supply will be
distributed to the ZKSwap team every year till the end of the fourth year;
- 8% to Eco Developers and Eco Growth:
8% of the total token supply, totaling 80 million ZKS, will be allocated to developers and
eco growth initiatives, distributed in 4 years, each year 2.0%;
- 6.7% to Angel Investors:
6.7% of the total token supply, totaling 67 million ZKS, will be allocated to the angel
investors. 30% of the allocated tokens will be distributed to the angel investors after ZKS
being listed on the centralized exchanges, and the remaining allocation will be locked for
three months and then distributed through 6-month linear vesting;
- 5.3% to Potential A Round Investors:
A total of 53 million ZKS will be reserved for potential A round fundraising one year after the
project is live. The community will jointly decide whether to launch the Round A investment.
Should there be Round A investments, the allocated tokens will be subject to a 3-month
lockup and 12-month linear vesting; should there be no Round A investment, the community
will vote on the token usage or burning the tokens.
- 4% to the Initial Liquidity:
A total of 40 million ZKS will be used to provide initial liquidity for (ZKS-USDT) on Uniswap
and Gate at 3 pm on January 6, 2021, Beijing time. The initial liquidity ratio is 40,000,000
ZKS / 3,000,000 USDT. Among them, 50% of initial liquidity will each be allocated on Uniswap and Gate.
- 1% to Advisors:
1% of the total token supply, 10 million ZKS, will be allocated to advisors. The tokens will be
distributed in 3 years, 0.33% each year.
Website: https://zks.org
Important notice:
According to the ZKSwap team, the launch time of ZKSwap on Ethereum is
based on audit results. They expect the ZKSwap to go live on Ethereum in
the next 2-4 weeks, but there are still uncertainties before the ZKSwap
finally goes live on Ethereum, a delay of 1 or 4 weeks might occur.
Please fully understand the risks and exercise caution. Don’t invest
beyond your financial capability. Always remember that you are solely
responsible for your own investment decision.
Gate is an established exchange that holds integrity, transparency,
and fairness to a very high standard. We charge zero listing fees and
only choose quality and promising projects. Our exchange consists only
of 100% real trading volume. Thanks to everyone who has joined us in our
journey. We always intend to improve and innovate to reward our users
for their continuous support.
Gate Team
January 5, 2021
Get 40% of all referees' trading fees in the affiliate program at https://www.gate.com/referral
Click to Sign up ：https://www.gate.com/m#/register
Download it now at: https://www.gate.com/mobileapp
Follow us on social
Facebook: https://facebook.com/gateioglobal
Twitter: https://twitter.com/gate_io
Telegram：https://t.me/gateio
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
