What is the total circulation of ZKsync (ZK)?

With a fixed total circulation of 1 billion ZK tokens, ZKsync ensures the scarcity and value of its token within the ecosystem.

Dec 05, 2024 at 05:50 pm

What is the Total Circulation of ZKsync (ZK)?

ZKsync is a Layer 2 scaling solution for Ethereum that utilizes zero-knowledge proofs to provide fast and low-cost transactions. The total circulation of ZKsync (ZK) is a crucial metric that reflects the availability and distribution of the token within the ecosystem. Understanding the total circulation is essential for evaluating the liquidity, market capitalization, and overall health of the ZKsync network.

Total Circulation: 1,000,000,000 ZK

The total circulation of ZKsync (ZK) is currently set at 1,000,000,000 tokens. This fixed supply ensures the scarcity and value of the ZK token over time. The distribution of these tokens is carefully planned to incentivize network participation, reward early adopters, and nurture the long-term growth of the ZKsync ecosystem.

Distribution of ZK Tokens:

• Team and Advisors: 10% (100,000,000 ZK)
• Seed Sale: 15% (150,000,000 ZK)
• Private Sale: 30% (300,000,000 ZK)
• Public Sale: 20% (200,000,000 ZK)
• Ecosystem and Research: 10% (100,000,000 ZK)
• Foundation: 15% (150,000,000 ZK)

Unlocking Schedule:

The following unlocking schedule has been established to ensure gradual distribution and maintain market stability:

• Team and Advisors: 20% unlocked at TGE, 80% unlocked over the next 3 years
• Seed Sale: 10% unlocked at TGE, 90% unlocked over the next 9 months
• Private Sale: 15% unlocked at TGE, 85% unlocked over the next 12 months
• Public Sale: Fully unlocked at TGE
• Ecosystem and Research: Gradual unlocking over the next 4 years
• Foundation: Locked until further notice

Token Utility:

ZK tokens play a vital role within the ZKsync ecosystem, serving multiple use cases:

• Staking: ZK token holders can stake their tokens to support the network's security and earn rewards.
• Transaction Fees: ZK tokens are used to pay for transaction fees on the ZKsync network.
• Governance: ZK token holders can participate in governance decisions, influencing the development and direction of the ZKsync ecosystem.

Market Capitalization:

The market capitalization of ZKsync (ZK) is calculated by multiplying the price of a single ZK token by the total circulating supply. This value constantly fluctuates based on market conditions and supply and demand dynamics.

Liquidity:

The liquidity of ZK tokens refers to the ease with which they can be bought and sold on exchanges. A high level of liquidity ensures that users can execute trades quickly and efficiently. Currently, ZK tokens are available for trading on a variety of reputable centralized and decentralized exchanges.

Transparency and Audit:

The ZKsync (ZK) token distribution and unlocking schedule are publicly disclosed and subjected to independent audits to ensure transparency and accountability. This commitment to transparency builds trust and confidence among users and investors.