What is the issuance price and issuance volume of ZKsync (ZK) coins?

With an issuance price of $0.05 per coin, ZKsync (ZK) raised $20 million in its token sale, distributing half of its 1 billion coins.

Dec 07, 2024 at 05:25 am

The Issuance Price and Issuance Volume of ZKsync (ZK) Coins

ZKsync is a layer-2 scaling solution for Ethereum that uses zero-knowledge proofs to enable fast and low-cost transactions. ZKsync (ZK) is the native token of the ZKsync protocol. It is used to pay for transaction fees, to stake on the network, and to participate in governance.

Issuance Price

The issuance price of ZKsync (ZK) coins was $0.05 per coin. The token sale raised a total of $20 million.

Issuance Volume

The total issuance volume of ZKsync (ZK) coins is 1 billion coins. Of this total, 500 million coins were sold in the token sale, 250 million coins are reserved for the team and early investors, and 250 million coins are allocated to the ZKsync Foundation.

The following is a breakdown of the issuance volume:

• Token sale: 500 million coins
• Team and early investors: 250 million coins
• ZKsync Foundation: 250 million coins

Distribution of ZKsync (ZK) Coins

The distribution of ZKsync (ZK) coins is as follows:

• Token sale: 50%
• Team and early investors: 25%
• ZKsync Foundation: 25%

Use Cases for ZKsync (ZK) Coins

ZKsync (ZK) coins can be used for the following purposes:

• Pay for transaction fees on the ZKsync network
• Stake on the network to earn rewards
• Participate in governance of the ZKsync protocol

Future of ZKsync (ZK) Coins

The future of ZKsync (ZK) coins is bright. The ZKsync team is working on a number of exciting new projects, including a decentralized exchange and a privacy-preserving payment system. As these projects continue to develop, the demand for ZKsync (ZK) coins is likely to increase.