The zkSwap Finance ecological token $ZF will be launched on The First digital currency trading platform on July 4, 2024. As the top decentralized exchange (DEX) and the first Swap to Earn DeFi platform in the zkSync Era ecosystem, zkSwap Finance has created a unique incentive model. This launch of The First provides more tolerant participation opportunities for customer engagement in the construction of a decentralized ecosystem.
We will take this opportunity to introduce in detail the basic information and token information of zkSwap Finance, as well as its future development prospects, so that more ecological users can have a deeper understanding of its project value.
What is zkSwap Finance?
ZKSwap Finance is a decentralized exchange (DEX) based on the Ethereum blockchain. It provides users with a secure, fast, and simple way to trade digital assets. ZKSwap's design is very user-friendly and intuitive, allowing anyone to quickly start trading cryptocurrency. The platform also offers advanced features such as limit orders, stop-loss orders, and margin trading.
DEX is supported by the ZKS token, which serves as an incentive for liquidity providers who help maintain the smooth operation of the exchange. By providing liquidity in the form of ETH/ERC20 token pairs, these users will receive ZKS tokens as a reward for their efforts. This helps ensure that there is always sufficient liquidity on the platform for traders to use.
In addition to the core DEX features, ZKSwap also offers a range of other services, such as staking rewards and revenue farming opportunities. Users can stake their ZKS tokens to earn additional rewards or participate in revenue farming activities to maximize their returns.
Founding team of zkSwap Finance
The team behind zkSwap Finance consists of blockchain network experts, technologists, entrepreneurs, and engineers from diverse backgrounds with a wide range of skills.
In addition, the three co-founders of zkSwap Finance have passed the KYC certification of CertificK, a leading security ranking platform for analyzing and monitoring blockchain protocols and DeFi projects. CertificK KYC is a leading identity verification and due diligence service in Web3, with a strict KYC process that not only ensures the identity of the co-founders of the verification team, but also ensures the corresponding background of the team members.
Token Economics of zkSwap Finance
The official ecological token of zkSwap Finance is $ZF, with an initial supply of 375,000,000 tokens, accounting for 37.5% of the total supply. Users holding ZF can enjoy rich ecological benefits.
Token Generation Event (TGE) : 250,000,000 ZF (25%)
Initial liquidity: 125,000,000 ZF (12.5%)
TGE Participant Reward: 50,000,000 ZF (5%)
Early supporters: 50,000,000 ZF (5%)
Swap2Earn Reward: 200 million ZF (20%)
Liquidity Incentive: 200 million ZF (20%)
Staking reward: 50,000,000 ZF (5%)
Team: 40,000,000 ZF (4%)
Finance + Operations: 35,000,000 ZF (3.5%)
With its unique incentive model and innovation on zkSync Era, zkSwap Finance has demonstrated its huge potential to become a leader in the DeFi field. As the platform continues to evolve and expand, investors and users can expect more innovation and opportunities to emerge. The listing of The First also provides diversified ways for more customers to engage in the construction of the zkSwap Finance ecosystem.
We will take this opportunity to introduce in detail the basic information and token information of zkSwap Finance, as well as its future development prospects, so that more ecological users can have a deeper understanding of its project value.
What is zkSwap Finance?
ZKSwap Finance is a decentralized exchange (DEX) based on the Ethereum blockchain. It provides users with a secure, fast, and simple way to trade digital assets. ZKSwap's design is very user-friendly and intuitive, allowing anyone to quickly start trading cryptocurrency. The platform also offers advanced features such as limit orders, stop-loss orders, and margin trading.
DEX is supported by the ZKS token, which serves as an incentive for liquidity providers who help maintain the smooth operation of the exchange. By providing liquidity in the form of ETH/ERC20 token pairs, these users will receive ZKS tokens as a reward for their efforts. This helps ensure that there is always sufficient liquidity on the platform for traders to use.
In addition to the core DEX features, ZKSwap also offers a range of other services, such as staking rewards and revenue farming opportunities. Users can stake their ZKS tokens to earn additional rewards or participate in revenue farming activities to maximize their returns.
Founding team of zkSwap Finance
The team behind zkSwap Finance consists of blockchain network experts, technologists, entrepreneurs, and engineers from diverse backgrounds with a wide range of skills.
In addition, the three co-founders of zkSwap Finance have passed the KYC certification of CertificK, a leading security ranking platform for analyzing and monitoring blockchain protocols and DeFi projects. CertificK KYC is a leading identity verification and due diligence service in Web3, with a strict KYC process that not only ensures the identity of the co-founders of the verification team, but also ensures the corresponding background of the team members.
Token Economics of zkSwap Finance
The official ecological token of zkSwap Finance is $ZF, with an initial supply of 375,000,000 tokens, accounting for 37.5% of the total supply. Users holding ZF can enjoy rich ecological benefits.
- Staking Rewards: By staking ZF tokens in the DAO staking pool, users can earn more rewards of ZF tokens, which account for 5% of the total supply of ZF. The staking process has no fees, automatic compound interest, and no lock-up period, but when the staking is released, a 1% fee will be allocated to other stakers in the pool to encourage platform loyalty.
- BOOST in the Swap2Earn Incentive Program: Holders of staking ZF can receive BOOST in the Swap2Earn Incentive Program, which is an additional reward or advantage that may involve transaction rate discounts, additional token rewards, or other forms of incentives.
- Transaction Gas Fee Payment: Users can use $ZF tokens to pay gas fees for exchange transactions, which reduces the cost of using traditional gas fees such as ETH and improves transaction efficiency.
- No Gas Exchange Privilege: Users who hold a certain amount of yZF (staked ZF ) or LONG can enjoy the privilege of no gas exchange, which requires users to hold at least 100K yZF or 1 B LONG, and the transaction volume must reach a minimum of $20. This privilege further reduces transaction costs and improves User Experience.
- Syrup Pools Rewards: ZF token holders, especially staked ZF holders, have the opportunity to participate in special syrup pool events that distribute additional ZF tokens or other benefits in the form of rewards to celebrate important events or milestones on the platform.
- Beneficiaries of the buyback program: ZF token holders also benefit from the platform's buyback program, which uses 75% of the platform's profits to repurchase and destroy ZF tokens, thereby reducing the token supply and expected to push up token prices. Benefit holders.
- Governance Participation Rights: Only holders of staked ZF are eligible to participate in platform governance activities, such as snapshot voting. This gives stakers the power to directly participate in platform decision-making, ensuring that their voices are heard and influencing the future development direction of the platform.
- Special Event Privileges: During special events, staked ZF holders may enjoy higher privileges, including but not limited to rewards and benefits such as NFT, OAT, POAP, gifts, etc. These privileges increase the sense of belonging and motivation of token holders, and promote the active level and cohesion of the community.
Token Generation Event (TGE) : 250,000,000 ZF (25%)
Initial liquidity: 125,000,000 ZF (12.5%)
TGE Participant Reward: 50,000,000 ZF (5%)
Early supporters: 50,000,000 ZF (5%)
Swap2Earn Reward: 200 million ZF (20%)
Liquidity Incentive: 200 million ZF (20%)
Staking reward: 50,000,000 ZF (5%)
Team: 40,000,000 ZF (4%)
Finance + Operations: 35,000,000 ZF (3.5%)
With its unique incentive model and innovation on zkSync Era, zkSwap Finance has demonstrated its huge potential to become a leader in the DeFi field. As the platform continues to evolve and expand, investors and users can expect more innovation and opportunities to emerge. The listing of The First also provides diversified ways for more customers to engage in the construction of the zkSwap Finance ecosystem.
