Derivatives trading protocol ZKX on Starknet made a major information update announcement on May 1, including its narrative, the listing activities of $ZKX, 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.
(Background:
Starknet’s incentive program “DeFi Spring”: Earn $STRK and $ZKX rewards for trading on ZKX.)
(Background:
Top project ZKX on Starknet launches “OG Trade, Pro Trade”: Gamified trading, earn $ZKX and $STRK rewards!)
Table of Contents:
2024 Objectives: Growth
May to June Roadmap
$ZKX Airdrop Schedule
Token Vesting Schedule
Important updates to token economics
The derivatives trading protocol ZKX on the Ethereum Layer2 network Starknet announced a major information update on Twitter on May 1. This update includes the upcoming launch of the governance token $ZKX on June 6, as well as highlights such as the listing activities for $ZKX, the roadmap for May to June, and the rules for Airdrop 2.
ZKX first stated that their core objective for 2024 is growth, and their plan is to achieve this objective by expanding revenue, TVL (Total Value Locked), community, and product. Since its launch on the Starknet mainnet in February and the introduction of OG Trade and Pro Trade exchanges, ZKX has seen a significant increase in total trading volume, surpassing 850 million USD within just 3 months, and the number of ZKX accounts deployed on the mainnet has reached 24,000.
Their strategy to achieve growth and expand their product lineup includes:
Making perpetual contracts more social
Bringing a new experience to cryptocurrency derivatives
The result is a trading platform where users can follow their favorite traders on TG and earn profits like them. The core concept is to trade together, share together, and earn money together.
ZKX plans to introduce SocialFi into DeFi through unique ways for each product, including a referral program, staking, social money pools, and prediction markets.
ZKX then revealed 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 distribution of $STRK rewards will be calculated based on user trading activity and open interest.
2. New listings: Starting from May 8, ZKX will list new assets every week based on community feedback.
3. Referral program: Users can increase ZKX trading volume and earn USDC rewards through a 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 shares in USDC
7. Airdrop 2: The second phase of the airdrop will be launched in June.
Previously, ZKX announced that 15% of the total supply of $ZKX would be allocated for airdrops, with Airdrop 1 consisting of 2.9% and Airdrop 2 consisting of 12.1%. However, as ZKX continues to expand its product range, the official decision has been made to change the distribution of the 15% allocated for Token Community Launch into 4 parts.
The airdrop will be divided into 4 parts:
Airdrop 1: 2.9M (completed)
Airdrop 2 – 4M (to be launched on June 6, 2024)
Airdrop 3 – 4M
Airdrop 4 – 4M
The Airdrop 2 plan will take place on June 6, followed by Airdrop 3 and Airdrop 4 in the year 2024.
Eligibility criteria include:
– OG Trade NFT quantity
– Clan NFT quantity
– Galxe event participation
– Referred volume
After careful consideration and community feedback, ZKX has decided to unlock 33% of $ZKX held by TLE for community airdrops and trading incentives. The remaining tokens will have a linear vesting period of 90 days to ensure fair and gradual distribution.
The vesting schedule is as follows:
Users who received Airdrop 1 and Airdrop 2, as well as traders who have earned trading rewards since the launch of the mainnet, will start a linear vesting period of 3 months from June 6 ($ZKX launch day).
Trading rewards earned after June 6 will be fully unlocked and tradable.
ZKX concluded by highlighting the key updates to token economics. In order to ensure a successful listing of $ZKX, most of the investors’ TGE unlocks have been cancelled, and the team and advisor tokens will have a linear vesting period of 30 months. Additionally, the team’s allocation has been reduced to align with the liquidity bootstrapping pool (LBP) on Fjord, which is crucial for raising additional liquidity for ZKX tokens and DEX.
The official emphasized that while there have been important updates to the token economics, the community allocation remains unchanged.
ZKX Links:
X
|
Discord
|
Website
Sponsored content disclaimer: This article is a sponsored article provided by ZKX and does not represent the views of Dapp.com. It is not intended to provide any investment, asset, or legal advice and should not be construed as an offer to buy, sell, or hold any assets. Any services, programs, or tools mentioned in this sponsored article are for reference only, and the actual content or rules will be subject to the announcements or explanations provided by the sponsor. Dapp.com 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.
Related Reports:
Starknet Derivatives Trading Protocol ZKX: L2 Deposits Now Available on OG Trade, Pro Trade Exchanges
Derivatives Trading Protocol ZKX Launches “Pro Trade” Exchange on Starknet Mainnet! How to Get ZKX, STRK Airdrops?
Gamified Derivatives Trading Protocol ZKX Launches “OG Trade Exchange” on Starknet Mainnet
StarkNet Ecosystem | Derivatives Protocol ZKX Secures $4.5 Million Seed Round Investment, Provides Decentralized Order Book.