Article Summary, Automatically Generated By AI
Summary of ZKFair
Key Points
- ZKFair is a community-driven ZK-L2 based on Polygon CDK and Celestia DA, powered by Lumoz.
- It utilizes USDC as the gas token and ensures 100% EVM compatibility, exceptional performance, minimal fees, and robust security.
- ZKFair addresses the unfairness issue in current ZK-Rollup projects, where users pay substantial Gas fees without receiving reciprocal rewards.
- The ZKF token serves as the governance token, allowing holders to participate in decentralized governance and share L2 Gas Fees.
- Total supply of ZKF tokens: 10 billion, with 2.5 billion airdropped to the community and 7.
About ZKFair: Empowering a New Era of Decentralized Finance
ZKFair: A Revolutionary Decentralized Exchange
ZKFair is the pioneering community-driven ZK-L2 solution, built upon the robust foundations of Polygon CDK and Celestia DA, and empowered by Lumoz, a cutting-edge ZK-RaaS provider. By leveraging the stability of USDC as its gas token, ZKFair guarantees seamless 100% EVM compatibility, exceptional performance, minimal fees, and uncompromising security.
Why ZKFair is Essential in Today’s Digital Landscape
In the contemporary Ethereum ecosystem, ZK-Rollup technology is gaining momentum as a pivotal solution for scalability enhancement and reducing transaction costs. However, a prevalent issue plagues the majority of ZK-Rollup projects: unfairness. Despite not issuing tokens, these projects lucratively profit from users’ transaction fees, while users frequently engage on these platforms, incurring substantial Gas fees for each transaction, yet receiving no substantial commitment to reciprocal rewards. Moreover, these ZK-Rollup projects are entirely controlled by centralized teams, disenfranchising the community from participating in operations and governance, thereby denying regular users their rightful benefits. Consequently, there is an urgent need for a novel kind of ZK-Rollup project, one that is entirely driven by the community, founded on principles of fairness and transparency, while delivering returns to users and enabling decentralized governance.
The Allocation of ZKF Tokens
The ZKF token assumes a pivotal role as the governance token of ZKFair, empowering holders to participate in the decentralized governance of the platform. This encompasses the election of Community Governance Representatives and the ultimate decision-making authority on pivotal matters, in addition to entitlement to L2 Gas Fee sharing. The total supply of ZKF tokens is capped at 10 billion, with 2.5 billion allocated to the community through a fair airdrop, and the remaining 7.5 billion generated exclusively through Gas Fee Airdrop following the mainnet launch. Notably, there will be no future issuance of ZKF tokens. Upon the conclusion of the airdrop, all 10 billion ZKF tokens will be immediately available and enter circulation.
The total supply of tokens is capped at 10 billion, with 7.5 billion allocated for the Gas Fee Airdrop and 2.5 billion reserved for the Community Airdrop.
Meet the Visionary Minds Behind ZKFair
Empowered by the community, our project operates on a level playing field, devoid of investors, reserve allocations, and pre-mining privileges.
The Scheduled Launch Timeline for Testnet and Mainnet
Testnet Launch: December 7th, 2023 | Eth2023 Mainnet Debut: December 20th, 2023