ZKFair price

ZKF

#1166

The ZKF token serves as the governance token of ZKFair. ZKF token holders have the right to participate in the decentralized governance of ZKFair, including the election of Community Governance Representatives and the ultimate decision-making on major matters, alongside the entitlement to L2 Gas Fee sharing. The total supply of ZKF tokens is 10 billion, with 2.5 billion fairly airdropped to the community and the remaining 7.5 billion generated entirely through Gas Fee Airdrop after the mainnet launch. There will be no future issuance of ZKF tokens. All 10 billion ZKF tokens will become immediately available and enter circulation after the conclusion of the airdrop.

Total Supply: 10 billion. Gas Fee Airdrop: 7.5 billion Community Airdrop: 2.5 billion

ZKFair (ZKF) stands out as a community-owned, community-driven experimental Layer 2 (L2) network leveraging zero-knowledge proofs for enhanced security and privacy. Unlike many other projects, ZKFair has no investors, reserves, or pre-mining, ensuring a fair launch platform. Audited by Celestia DA, it operates on the Polygon blockchain and aims to provide a scalable, secure, and equitable ecosystem for decentralized applications (dApps).

The ZKF token is central to ZKFair's governance, allowing holders to participate in decentralized decision-making processes, including the election of Community Governance Representatives. The total supply of ZKF tokens is capped at 10 billion, with 2.5 billion airdropped to the community and 7.5 billion distributed through Gas Fee Airdrop post-mainnet launch. This ensures that all tokens are fairly distributed without future issuance.

ZKFair utilizes stablecoin USDC as the gas token, ensuring minimal fees and high performance. It guarantees 100% Ethereum Virtual Machine (EVM) compatibility, making it an attractive option for developers and users alike. The network also features a Dragon Slayer program, offering rewards to participants.

The absence of centralized control is a key feature, promoting fairness and transparency. The testnet launched on December 7th, 2023, with the mainnet following on December 20th, 2023.

ZKFair (ZKF) leverages cutting-edge Zero-Knowledge Proofs (ZKPs) to maintain data privacy and security. This technology allows one party to prove to another that a statement is true without revealing any information beyond the validity of the statement itself. This is crucial for ensuring that transactions on the ZKFair network are both secure and private.

Built on Ethereum, ZKFair employs ZK-Rollup technology to enhance scalability and reduce gas fees. ZK-Rollups bundle multiple transactions into a single batch, which is then processed off-chain. This significantly reduces the computational load on the Ethereum mainnet, leading to faster and cheaper transactions. The use of ZK-Rollups also ensures that the data remains secure and verifiable on the blockchain, preventing bad actors from tampering with transaction records.

ZKFair is a community-driven Layer 2 (L2) network, meaning it operates on top of the Ethereum blockchain to improve its performance. Unlike many other ZK-Rollup projects that are controlled by centralized teams, ZKFair is entirely governed by its community. This decentralized governance model allows ZKF token holders to participate in decision-making processes, including the election of Community Governance Representatives and major project decisions.

The network is built using Polygon CDK and Celestia DA, which contribute to its robust infrastructure. Polygon CDK provides a framework for building and connecting Ethereum-compatible blockchain networks, while Celestia DA offers a scalable data availability layer. These technologies ensure that ZKFair remains 100% EVM compatible, meaning it can seamlessly interact with Ethereum-based smart contracts and applications.

ZKFair also introduces a unique approach to gas fees by utilizing the stablecoin USDC as the gas token. This not only stabilizes transaction costs but also makes the network more accessible to users who might be deterred by volatile gas fees. Additionally, the network's performance is enhanced by Lumoz, a ZK-RaaS (Zero-Knowledge Rollup as a Service) provider, which further optimizes the transaction process.

The distribution of ZKF tokens is designed to be fair and community-centric. The total supply of ZKF tokens is capped at 10 billion, with 2.5 billion airdropped to the community and 7.5 billion generated through Gas Fee Airdrop after the mainnet launch. This ensures that the tokens are widely distributed among users, promoting decentralized governance and participation.

Security is a paramount concern for ZKFair. The use of Zero-Knowledge Proofs and ZK-Rollup technology inherently provides a high level of security by ensuring that transaction data is both private and verifiable. Additionally, the decentralized nature of the network reduces the risk of centralized points of failure, making it more resilient to attacks.

The community-driven aspect of ZKFair extends to its development and operational processes. There are no investors, no reserve, and no pre-mining, emphasizing that the project is entirely community-owned and operated. This approach fosters a sense of ownership and responsibility among users, encouraging active participation and contribution to the network's growth.

The testnet for ZKFair was launched on December 7th, 2023, with the mainnet following on December 20th, 2023. This timeline indicates a rapid development cycle, allowing the community to engage with and test the network's features before its full deployment.

By integrating advanced cryptographic techniques, a community-driven governance model, and a focus on scalability and security, ZKFair aims to provide a fair and transparent platform for decentralized transactions.

ZKFair (ZKF) is a community-driven ZK-L2 solution based on Polygon CDK and Celestia DA, powered by Lumoz, a ZK-RaaS provider. It uses USDC as the gas token, ensuring 100% EVM compatibility, exceptional performance, minimal fees, and robust security.

One of the primary real-world applications of ZKFair is enhancing security through zero-knowledge proofs. This technology allows for the verification of transactions and identities without revealing sensitive information, making it highly valuable in sectors like financial transactions and identity verification. By leveraging zero-knowledge proofs, ZKFair ensures that data remains private and secure, which is crucial for maintaining trust in digital interactions.

In the realm of supply chains, ZKFair can be used to track and verify the authenticity of goods. By recording each step of the supply chain on a secure and transparent blockchain, ZKFair helps prevent fraud and ensures that products are genuine. This application is particularly beneficial for industries where product authenticity is critical, such as pharmaceuticals and luxury goods.

Voting systems also benefit from ZKFair's technology. By using zero-knowledge proofs, ZKFair can create secure and transparent voting platforms that protect voter privacy while ensuring the integrity of the election process. This application is essential for maintaining democratic processes and can be used in both governmental and organizational elections.

ZKFair is also being utilized in specific events like the Domain Fortune Fest and Dragon Slayer events. These events leverage the platform's secure and fair blockchain technology to create engaging and trustworthy experiences for participants.

The governance model of ZKFair, powered by the ZKF token, allows token holders to participate in decentralized decision-making processes. This includes electing Community Governance Representatives and making major decisions about the platform's future. The fair distribution of ZKF tokens, with no pre-mining or investor reserves, ensures that the community has a significant stake in the platform's success.

ZKFair addresses the issue of unfairness in existing ZK-Rollup projects by ensuring that users receive reciprocal rewards for their engagement. This community-centric approach not only enhances user participation but also promotes transparency and fairness in the ecosystem.

ZKFair (ZKF) has emerged as a pioneering community-driven ZK-L2 network, leveraging Polygon CDK and Celestia DA, with Lumoz as its ZK-RaaS provider. The platform's focus on fairness and equitable ecosystems for decentralized applications sets it apart in the blockchain space.

The journey of ZKFair began with the launch of its community-owned, community-driven experimental L2 network. This event marked a significant milestone, emphasizing the platform's commitment to decentralization and community governance. The use of zero-knowledge proofs ensures privacy and security, reinforcing the network's robust infrastructure.

In a strategic move to enhance its ecosystem, ZKFair formed partnerships with several key players in the blockchain industry. Collaborations with Alchemy Pay, SPACE ID, Burve Protocol, Bitget Wallet, and Lumoz have been instrumental in driving the platform's growth. These partnerships facilitated the achievement of significant milestones, including a Total Value Locked (TVL) exceeding $123 million and a successful token launch.

The Dragon Slayer event was another notable highlight for ZKFair. This event showcased the platform's innovative approach to engaging its community and promoting active participation. By incorporating gamified elements, ZKFair successfully attracted a broader audience and fostered a vibrant community spirit.

Participation in the Domain Fortune Fest further underscored ZKFair's commitment to expanding its reach and influence within the blockchain ecosystem. This event provided an opportunity for the platform to demonstrate its capabilities and connect with potential partners and users.

The distribution of ZKF tokens is a critical aspect of ZKFair's governance model. With a total supply of 10 billion tokens, 2.5 billion were fairly airdropped to the community, while the remaining 7.5 billion are generated through Gas Fee Airdrop post-mainnet launch. This approach ensures that all tokens are in circulation immediately after the airdrop, promoting transparency and fairness.

The testnet launch on December 7, 2023, marked a significant step towards the platform's full deployment. This phase allowed for extensive testing and optimization, ensuring a seamless transition to the mainnet. The mainnet launch on December 20, 2023, signified the culmination of ZKFair's development efforts, bringing the platform's vision to fruition.

ZKFair's emphasis on community-driven governance is reflected in its tokenomics and operational model. With no investors, no reserve, and no pre-mining, the platform is entirely community-centric. This approach empowers users to participate in decision-making processes and benefit from the platform's success.

The integration of stablecoin USDC as the gas token enhances the platform's usability and accessibility. By ensuring 100% EVM compatibility, ZKFair offers exceptional performance, minimal fees, and robust security, making it an attractive option for decentralized application developers and users alike.