What is zkLink? Information about ZKL Token

Table of Contents

What is zkLink?

zkLink is a multi-chain infrastructure project utilizing zero knowledge proof (ZKP) technology to provide developers with solutions like APIs, SDKs, and zkVMs for creating specialized DeFi products that ensure safer and more cost-effective transactions.

With zkLink, developers can deploy dApps easily and with high customization. The project also aggregates liquidity from various blockchains such as Arbitrum, zkSync, and BNB Chain, offering users a secure and seamless trading experience.

What are zkLink’s Products?

Currently, zkLink has two main products:

zkLink Nova

zkLink Nova is an EVM-compatible Layer 3 rollup network aggregated on Ethereum and its Layer 2 Rollups. DApp developers can deploy Solidity smart contracts on Nova’s open platform and gain instant access to native liquidity and assets from all integrated networks like Ethereum, Arbitrum, zkSync, Linea, and more.

The zkLink Nova platform allows dispersed assets across Ethereum Layer 2s to be aggregated for interoperable trade and transactions. zkLink Nova is secured by zero-knowledge proof technology, features extremely low gas costs, offers fast finality, and inherits its security from Ethereum.

zkLink X

zkLink X is the App-Specific Aggregated Rollup Infrastructure built for high-performance ZK applications. zkLink X is a multi-chain ZK-Rollup infrastructure composed of four layers: the settlement layer, the execution layer, the sequencing layer, and the DA layer. These layers are decoupled for customizable App Rollup deployment.

In the context of the increasing number of Layer1 and Layer2 chains, which bring about risks such as:

Liquidity fragmentation
Challenges in multi-chain product deployment
Navigation complexity and high costs
Security risks during inter-chain transactions

zkLink X addresses these challenges by building an aggregated rollup infrastructure to simplify multi-chain dApp deployment and resolve liquidity fragmentation. It leverages zero-knowledge proof technology to provide high throughput, low-cost, and robust security for App Rollup deployment.

By harnessing the potential of zero-knowledge proof technology, zkLink X offers key functions such as:

Aggregating multi-chain liquidity across L1 and L2 blockchains.
Quickly deploying multi-chain products with SDKs and APIs.
Providing a transaction-specific zkVM, offering a high-throughput, low-cost App Rollup solution for high-performance financial applications like Order Book DEX.

Team

zkLink is developed by Vince Yang.

Investors

zkLink has successfully raised over $23 million across three funding rounds:

September 22, 2021: In the Seed round, zkLink raised $8.5 million, led by Republic Crypto with participation from Houbi Ventures, GSR Ventures, Arrington XRP Capital, Skynet Trading, ZBS Capital, and others.
May 4, 2023: In the Seed round, zkLink raised $10 million with participation from Coinbase Ventures, Cypher Capital, Big Brain Holdings, and others.
January 25, 2024: During the ICO sale on Coinlist, zkLink raised $4.7 million.

Information about ZKL Token

After learning about zkLink, let’s explore the project’s token – ZKL.

Basic Information about ZKL Token

Token Name: zkLink
Token Symbol: ZKL
Blockchain: Updating
Smart Contract: Updating
Total Supply: 1,000,000,000 ZKL

Currently, ZKL has not officially TGE (Token Generation Event).

ZKL Token Allocation

Development team and advisors – 20%: 6-month lock, linear release over 3 years.
Pre-seed round – 8%: 5-month lock, then linear vesting over 27 months.
Seed round – 7.8%: 4-month lock, then linear vesting over 27 months.
Private round – 4.7%: 3-month lock, then linear vesting over 27 months.
Community rewards – 10%: 50% unlocked at TGE for early participants. The remaining 50% used for future rewards.
Community treasury reserve – 15.875%: Managed by DAO.
Community dev incentive and bug bounty – 4%: 30% unlocked at TGE, then linear vesting over 1 year.
Liquidity reserve – 4%: 50% unlocked at TGE, then linear vesting over 1 year.
Ecosystem development – 20.5%: 20% unlocked at TGE, then linear vesting over 2 years.
CoinList sale – 3.125%: 30% unlocked at TGE, then linear vesting over 9 months.

Uses of ZKL Token

Payment for zero-knowledge proof service providers.
Project governance.
Rewards for validators.
Access to exclusive features of dApps in the ecosystem.

Roadmap

In the future, zkLink has the following development plans:

zkLink Nova Mainnet
Integrate modular DA for the Nova network
Support ZK Oracle for zkLink X
Integrate decentralized sequencer service
Support decentralized proof auction market
Support new use cases for zkLink X
Integrate hardware acceleration solution
New proof system implementation

Similar Projects

zkLink is categorized by CryptoRank into the Chain category similar to Near and Aptos.

Project Information Channels

Website: https://zk.link/
https://x.com/zkLink_OfficialTwitter:
Discord: https://discord.com/invite/zklink

Conclusion

Through this article, AZC.News has introduced information about zkLink and ZKL Token. If you have any questions, please leave them in the comments section for answers!

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