Derivative trading protocol ZKX on Starknet announced a major information update on the 1st, including its narrative, $ZKX listing activities, the roadmap for May to June, and the airdrop rules for Airdrop 2. Of particular interest is the official confirmation that the platform’s native token $ZKX will be officially launched on June 6, 2024.
(Prior Summary:
Starknet incentive program “DeFi Spring”: Earn $STRK and $ZKX in ZKX trading.
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(Background:
Top project ZKX on Starknet launches “OG Trade” and “Pro Trade”: Gamified trading for earning $ZKX and $STRK rewards!
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Table of Contents
2024 Goals: Growth
May to June Roadmap
$ZKX Airdrop Schedule
Token Vesting Schedule
Important Updates to Token Economics
This article is a sponsored article written and provided by ZKX and does not represent the position of the platform or serve as investment advice, buying or selling advice. Please refer to the responsibility disclaimer at the end of the article.
The derivative trading protocol ZKX on the Ethereum Layer2 network Starknet announced a major information update on Twitter, including the upcoming launch of the governance token $ZKX on June 6, as well as the listing activities for $ZKX, the roadmap for May to June, and the rules for Airdrop 2.
ZKX first stated that their core goal for 2024 is growth, and they plan to achieve this goal by expanding their revenue, TVL, community, and products. Since launching on the Starknet mainnet in February and introducing the OG Trade exchange and Pro Trade exchange, ZKX has experienced a surge in trading volume to over 850 million USD in just three months, with 24,000 ZKX accounts deployed on the mainnet.
Their strategy to achieve growth and expand their product offerings includes:
Making perpetual contracts more social
Bringing a new experience to cryptocurrency derivatives
The result is a trading platform that allows users to follow their favorite traders on Telegram and earn profits like them. The core concept is to trade together, share together, and make money together.
ZKX plans to introduce SocialFi to DeFi in unique ways for each product:
Referral Program
Staking
Social Money Pools
Prediction Markets
ZKX then teased that their roadmap for May to June will be action-packed, with major announcements being made every week, including:
1. Starknet DeFi Spring: Earn $STRK and $ZKX by trading on ZKX. The allocated $STRK rewards will be calculated based on users’ trading activity and open interest.
2. New Listings: Starting from May 8, ZKX will introduce new assets weekly based on community feedback.
3. Referral Program: Users can increase ZKX trading volume and earn USDC rewards through the referral program, which will be launched next week.
4. ZKX x Galxe event: Starting from the third week of May, users can complete on-chain tasks and explore ZKX to earn rewards.
5. LBP on Fjord: In the pre-sale on Fjord, users will have the opportunity to acquire locked $ZKX. ($ZKX liquidity will be guided through the LBP on Fjord and subsequently listed on AMM and CEX.)
6. $ZKX token will be officially launched on June 6:
Listed on selected AMMs on Starknet
Listing on centralized exchanges will be announced closer to the date
$ZKX staking will also be available on the same day, allowing users to claim DEX trading fee sharing in USDC.
7. Airdrop 2: The second phase of the airdrop will commence in June.
Previously, ZKX announced that 15% of the total supply of $ZKX would be distributed through airdrops, with Airdrop 1 accounting for 2.9% and Airdrop 2 accounting for 12.1%. However, as ZKX continues to expand its product range, the official decision has been made to divide the 15% allocation for Token Community Launch into 4 parts.
The airdrop will be divided into 4 parts:
Airdrop 1: 2.9 M (completed)
Airdrop 2 – 4 M (to be launched on June 6, 2024)
Airdrop 3 – 4 M
Airdrop 4 – 4 M
The Airdrop 2 plan will take place on June 6, followed by Airdrop 3 and Airdrop 4 in 2024.
Eligibility criteria:
• OG Trade NFT quantity
• Clan NFT quantity
• Galxe event
• Referred Volume
After careful consideration and community feedback, it has been decided that 33% of the $ZKX unlocked by TLE will be used for community airdrops and trading incentives. The remaining tokens will have a linear vesting period of 90 days to ensure fair and gradual distribution.
The vesting schedule is as follows:
Users who received Airdrop 1 and Airdrop 2, as well as traders who have received trading rewards since the launch of the mainnet, will have a 3-month linear vesting period starting from June 6 (the day of $ZKX launch).
Trading rewards obtained after June 6 will be fully unlocked and tradable.
Finally, ZKX highlighted the key updates to token economics. In order to ensure a successful listing of $ZKX, most of the investors’ TGE unlocks have been canceled, and the team and advisors’ tokens will have a linear vesting period of 30 months. Additionally, ZKX has reduced the team’s allocation to align with the liquidity bootstrapping pool (LBP) on Fjord. The LBP is crucial for providing additional liquidity for ZKX tokens and DEX.
The official emphasized that even with important updates to token economics, community allocations remain unchanged.
ZKX Links:
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Discord
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Website
Sponsored Content Disclaimer: This article is a sponsored article provided by the contributor, and the contributor has no relationship with the platform. The article does not provide any investment or asset advice or legal opinions and should not be considered as an offer to buy, sell, or hold assets. Any services, programs, or tools mentioned in the sponsored content are for reference only, and the actual content or rules will be based on the announcements or explanations by the contributor. The platform is not responsible for any potential risks or losses. Readers are reminded to conduct their own careful verification before making any decisions or taking any actions.
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