ZKFair Price

ZKFair provides a community-owned Layer 2 solution using ZK-Rollup technology. ZK-Rollups are a scalability technique that enables transactions to be verified on a second layer while maintaining the security and decentralization of the main layer.

ZKFair distinguishes itself as the first ZK-Rollup project that is 100% fair, transparent, and democratic. It distributes all its tokens and profits to the community, setting it apart from other ZK-Rollup projects that profit from user transaction fees without offering reciprocal rewards.

ZKFair is based on the Polygon CDK and Celestia DA and is powered by Lumoz, a ZK-RaaS (Zero-Knowledge Rollup as a Service) provider. It uses the stablecoin USDC as its gas token and ensures full EVM (Ethereum Virtual Machine) compatibility, offering exceptional performance with minimal fees and robust security.

The ZKF token, which is the governance token of ZKFair, allows holders to participate in the decentralized governance of the platform. This includes electing Community Governance Representatives and making decisions on major matters. Token holders are also entitled to a share of the Layer 2 gas fees.

ZKFair (ZKF) is a community-owned Layer 2 (L2) solution based on ZK-Rollup technology. This technology is increasingly recognized in the Ethereum ecosystem for its scalability enhancements and the ability to reduce transaction costs. ZK-Rollup works by bundling and processing transactions off-chain, which enhances efficiency and security in blockchain operations.

The uniqueness of ZKFair lies in its commitment to fairness, transparency, and community-driven governance. Unlike most ZK-Rollup projects that profit from users' transaction fees without offering them substantial returns, ZKFair aims to return these benefits to its users. This approach is facilitated by a governance structure that allows token holders to participate in decision-making, fostering a more equitable and decentralized ecosystem.

ZKFair's operation is powered by Lumoz, a ZK-RaaS (Zero-Knowledge Rollup as a Service) provider, and utilizes the stablecoin USDC as its gas token. It ensures 100% EVM compatibility, offering high performance with minimal fees and robust security. The platform is built on Polygon CDK and Celestia DA, focusing on creating a fair-initiated ZK-L2 platform driven entirely by the community, not a centralized entity.

ZKFair (ZKF) launched its testnet on December 7, 2023, followed by its mainnet launch on December 20, 2023.

ZKFair, in its roadmap and strategic plan, aims to achieve a significant milestone of reaching a valuation of 10 billion dollars. This ambitious goal is part of a comprehensive strategy to propel ZKFair, a community-centric Layer 2 blockchain project, to new heights.

A key aspect of this strategy is rethinking its profit distribution system to stand out in the crowded Layer 2 space. The current distribution model allocates 75% of profits to stakers and 25% to dApp developers. However, this standard model is seen as insufficient in stimulating ecosystem growth or dApp development, which are crucial for long-term sustainability.

The proposed modified distribution for the Kickstart Phase aims to balance the ecosystem's needs better. It includes reducing the stakers' share to 20%, increasing dApp developers' share to 30%, and introducing allocations for ZKFair Mainnet Development (15%) and an Ecosystem Fund (35%). The Ecosystem Fund would further support various initiatives such as marketing, education, community management, legal and financial oversight, strategic planning, and maintaining a reserve for emergencies and innovation.

This modified distribution approach aims to energize the development of dApps, support mainnet developers, allocate resources for marketing and educational initiatives, maintain a robust community, and facilitate strategic planning and innovation. This comprehensive approach underscores the importance of stakers in ZKFair's ecosystem, not just as beneficiaries but as key stakeholders contributing to the platform’s strategic direction and long-term success.

The ZKF token serves several key functions in the ZKFair ecosystem:

1. Governance Token of ZKFair Network: ZKF token holders have the right to participate in ZKFair's decentralized governance. This includes voting rights in the election of Community Governance Representatives and decision-making on major matters concerning the ecosystem.

2. Gas Fee Airdrop: A significant portion of ZKF tokens, about 7.5 billion out of the total 10 billion supply, are distributed through a Gas Fee Airdrop. This mechanism incentivizes participation and fair distribution among users based on their contribution to gas fees.

3. Community Airdrop: Another portion, 2.5 billion ZKF tokens, is allocated for the Community Airdrop. This airdrop aims to reward various contributors and loyal users of the ecosystem, enhancing community engagement and participation.

4. Profit Distribution: ZKF token holders are entitled to a share of the Layer 2 gas fees, aligning with the project’s principle of fair and equitable profit distribution.

5. Ecosystem Incentivization: The token is also used to incentivize and reward various ecosystem participants, including developers and users, thus fostering the growth and development of the ZKFair ecosystem.

6. Trade ZKFair Token on KuCoin: Trade ZKF crypto on the KuCoin Spot Market against other cryptocurrencies to make the most of changing market conditions and volatility. Buy or sell $ZKF or HODL if you believe in the long-term potential of ZKFair, Layer-2 networks, and ZK-rollup technology. Ensure that you undertake trading decisions in the crypto market only after doing your own research (DYOR).