ZK is the native token of zkSync Era and a core component of the zkSync protocol. ZK tokens play a vital role in governance and community participation, with a total supply of 21 billion tokens. These tokens are essential for ecosystem development and provide users the opportunity to participate in community governance.
66.7% of the total supply (approximately 13.986 billion tokens) is allocated to the community. Of this, 17.5% (about 3.675 billion tokens) will be airdropped to community members at once; the remaining 49.2% will be gradually distributed through ecosystem programs managed by the ZKsync Foundation and the ZK Nation governance process to support the ecosystem's ongoing growth.
Additionally, 33.3% of the total supply is allocated to investors and the Matter Labs team, with 17.2% for investors and 16.1% for the Matter Labs team. These tokens will be locked until June 2024 and then gradually unlocked over the next three years, from June 2025 to June 2028.
The contract address for ZK tokens is 0x5A7d6b2F92C77FAD6CCaBd7EE0624E64907Eaf3E.
ZKsync is an ever-expanding verifiable blockchain network, secured by math. It comprises high-performance, verifiable, modular Rollup and Validium, known as ZK chains. These chains are united in an elastic network that can be added or expanded to handle increased transaction volumes without increasing verification costs or hardware requirements.
ZK chains enable the sharing of users and liquidity. Through native, frictionless interoperability, these chains provide a consistent and easy-to-use interface, making asset transfers and trustless communication between chains more convenient. Unlike traditional centralized solutions, ZKsync relies entirely on cryptography for security.
Moreover, ZKsync offers an unparalleled user experience. Secure one-tap onboarding via FaceID or Passkeys eliminates the need for seed phrases and reduces the risk of hacks. ZKsync automatically creates modular smart accounts at the protocol level, allowing users to seamlessly access all ZK chains with what feels like a single account, providing a highly customized user experience.
ZKsync Era is a Layer 2 ZK Rollup protocol that uses cryptographic validity proofs to enable scalable and low-cost transactions on Ethereum. ZKsync Era performs computation and stores most data off-chain, bundling transactions into batches before generating a validity proof. Since all validity proofs are verified on Ethereum, users enjoy the same security guarantees as on L1.
The ZKsync Era experience resembles that of Ethereum but with higher throughput and lower fees. Its smart contracts are written in Solidity or Vyper and can be called using the same clients as other EVM-compatible chains. Additionally, ZKsync supports existing Ethereum wallets without requiring separate private key registration.
Key features include:
- Security inherited from Ethereum, with zero reliance on third parties.
- Permissionless EVM-compatible smart contracts.
- Preservation of key EVM features, such as smart contract composability.
- Standard Web3 API support.
- State updates via transaction outputs (state diffs), providing significant cost savings over transaction inputs.
- Native account abstraction, with improvements over EIP4337 implemented in Ethereum and other rollups.
Website: https://zksync.io/
Twitter: https://x.com/zksync
Discord: https://join.zksync.dev/
Purchasing ZK tokens on the cryptocurrency exchange platform LBank is straightforward. Here's a step-by-step guide:
1. Log into your account: Ensure you're registered and logged into your LBank account, then click the "Trade" option in the top menu bar to start the trading process.
2. Search for ZK: Use the search function within the trading platform to find "ZK", locate the trading pair, such as ZK/USDT, and click to enter its dedicated page.
3. Place an order: In the ZK/USDT trading page's spot trading area, enter the amount of ZK you wish to buy. If you want to complete the purchase immediately at the current market price, select a market order and then click the "Buy" button.
4. Confirm the order: A confirmation window will pop up. After verifying the order details are correct, confirm to place your order. Once the transaction is successful, the purchased ZK will automatically be deposited into your LBank spot wallet.
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