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Ink Foundation, the layer-2 (L2) blockchain platform developed by the Kraken exchange, has announced plans to launch the INK token, marking a significant milestone in building a decentralized finance (DeFi) ecosystem. The INK token will play a central role in governance and promote the development of capital markets on the blockchain.
According to the official announcement, INK will be first applied in a liquidity protocol, laying the foundation for Ink’s comprehensive DeFi ecosystem. This protocol, built on the AAVE platform, allows users to borrow and lend assets within the ecosystem. Notably, only users who participate directly in this protocol will be eligible to receive INK airdrops in the first distribution.
“The liquidity protocol is a crucial piece, governed and driven by the INK token. We aim to build an innovative platform where users and developers can harness the potential of centralized liquidity and the advanced technology of AAVE,” said a representative of Ink Foundation.
Launched in December of last year, the Ink blockchain has recorded impressive growth, attracting attention from the cryptocurrency community. Previously, Kraken hinted at the possibility of issuing a token or IPO, and INK seems to be the answer to these speculations.
With a fixed total supply of 1 billion tokens, INK is designed to limit inflation and focus on governance within the DeFi ecosystem, rather than managing the L2 blockchain—this task falls to Optimism Superchain. This move helps Ink Foundation maintain a decentralized and sustainable direction.
Related: Pi Network Launches Futures Contracts on Kraken
To ensure transparency and fairness, Ink Foundation implements strict anti-fraud mechanisms to prevent “airdrop farming” and identity spoofing (sybil attack). Only actively participating users in the liquidity protocol will be eligible to receive tokens in the first airdrop.
Although it has not yet created a major buzz, INK has garnered interest from Kraken’s loyal user community. With a clear development roadmap and backing from one of the leading exchanges, INK promises to be a potential project that will help shape the future of decentralized finance.
