{"id":10949,"date":"2023-12-11T07:06:40","date_gmt":"2023-12-11T07:06:40","guid":{"rendered":"https:\/\/www.fundsspectrum.com\/2023\/12\/11\/understanding-the-zkfair-tokenomic-model-in-one-read\/"},"modified":"2023-12-11T07:06:40","modified_gmt":"2023-12-11T07:06:40","slug":"understanding-the-zkfair-tokenomic-model-in-one-read","status":"publish","type":"post","link":"https:\/\/www.fundsspectrum.com\/2023\/12\/11\/understanding-the-zkfair-tokenomic-model-in-one-read\/","title":{"rendered":"Understanding the ZKFair Tokenomic Model in One Read"},"content":{"rendered":"
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Hong Kong, 11th December 2023, ZEX PR WIRE<\/a>,<\/strong> On December 7, 2023, ZKFair, the community-driven ZK L2 network, officially announced the launch of its testnet, opening its doors to all community users. The project is still in its early stages, allowing users to perform various operations such as cross-chain transactions during the testnet phase.<\/p>\n

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Throughout the testnet period, the project plans to progressively introduce ecosystem projects such as Swap, lending, NFT market, gaming, and collaborate with notable projects like Orbiter, Space ID, OKX Wallet, Bitget Wallet, TP Wallet, iZUmi, Meson, unveiling corresponding features. The anticipated mainnet launch is projected around December 20.<\/span><\/p>\n

ZKFair is a community movement focused on addressing pain points within the current ZK L2 ecosystem, including high valuations and barriers to entry for ordinary users. It marks the first L2 network based on Polygon CDK, Celestia DA & Lumoz ZK-RaaS, ensuring a 100% fair launch.<\/span><\/p>\n

On the day of ZKFair testnet launch, over 30,000 users engaged with the community, actively participating in testnet interactions. The innovative economic model has been a focal point of community interest, and this article aims to introduce the innovative 100% community Fair Launch mode initiated by ZKFair.<\/span><\/p>\n

ZKFair utilizes USDC as the gas fee token, and its reward token, ZKF, has a total supply of 10 billion, allocated as follows:<\/span><\/p>\n

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