In the current development of blockchain technology, Layer 2 (L2) solutions have become a key technology to improve blockchain scalability, reduce transaction costs, and increase transaction speed, but it still faces some key issues and challenges, such as user experience improvements, cross-chain interoperability, security, and decentralization. Against these backgrounds, ZKFair came into being, aiming to solve existing problems while maintaining the advantages of L2 technology through its unique design and implementation, and provide users and developers with a fairer, more efficient and more reliable Blockchain platform.
By integrating Polygon CDK and Celestia data availability layer, ZKFair provides a high-performance ZK-Rollup solution that ensures 100% compatibility with the Ethereum Virtual Machine, while also significantly reducing transaction costs and optimizing network performance . The innovation of ZKFair lies in its unique issuance model. It is the first ZK-Rollup project to achieve 100% fair issuance, completely abandoning the common pre-mining, team allocation and early investor privileges in traditional blockchain projects. . ZKFair distributes the native token ZKF through community participation and contribution. This model encourages and rewards community members for their positive contributions to the network, and promotes the construction of a truly decentralized ecosystem.
Every step of ZKFair's development is closely centered around the needs and feedback of the community, ensuring that community members are both participants and co-creators of the project's success. This community-driven development model brings tremendous vitality and innovation potential to ZKFair, enabling it to respond quickly to market changes and continuously optimize and expand its services and products.
On December 20, 2023, ZKFair officially launched the mainnet.
In less than three months as of press time, ZKFair has established a healthy, active and growing ecosystem through continuous technological innovation and community interaction. At the same time, ZKFair has also successfully launched several important Launchpad collaborations, providing financing and promotion opportunities for participating projects, and also providing solid support for ZKFair's own ecological expansion and token value growth. In addition, ZKFair is supported by multiple mainstream platforms including Bitget Wallet and Gate.io, all of which significantly strengthen ZKFair’s influence and credibility in the industry.
Wealth growth and outstanding performance, ZKFair's exploration of value-added
In 2024, ZKFair's development gradually entered the formal stage and made remarkable achievements in creating wealth and achievements for the community. On January 20, ZKFair announced the launch of Launchpool, which aims to select high-quality projects with low valuations and high potential and ensure launch through 100% fair issuance. This unique launch method reflects ZKFair's commitment to fairness and transparency, and provides its community members with equal opportunities to participate in the construction of early-stage high-quality projects, thereby bringing significant wealth effects.
As the first project of Launchpool, Fairstake attracted more than 500 million ZKFs to participate in the staking, which shows the community's high recognition of Fair launch and project quality. On February 2, ZKFair launched the second phase of Launchpool project HyperionX, which is the first decentralized derivatives trading platform based on Fair launch. Within 12 hours of its launch, it generated more than 20 million US dollars in trading volume, exceeding the total 24-hour trading volume of all derivatives exchanges on the BSC chain.
ZKFair successfully captured Merlin Chain, an emerging star in the Bitcoin L2 field, in its third Launchpool. The launch of Merlin's Seal mainnet staking activity allowed the project to quickly obtain more than $3.5 billion in TVL within a month and attracted nearly 900,000 participating addresses, demonstrating its strong momentum and broad appeal in the market. Currently, in the distribution plan of Merlin Chain's governance token MERL, in addition to 20% of the mainnet staking activity and 0.8% of MerlinSwap, only ZKFair has exclusively obtained 0.2% of the MERL token allocation, demonstrating ZKFair's keen insight into high-quality, undervalued projects, and its influence and strategic position in the crypto ecosystem, which can bring substantial investment returns and value-added opportunities to community members.
In addition to Launchpool, ZKFair Pass (FEB) and CyberArmy NFT jointly launched by ZKFair and Element also bring great value to the community. These two projects not only deepen community members’ investment and participation in the ZKFair ecosystem, but also provide them with significant wealth growth opportunities.
The ZKFair Pass (FEB) is a limited-time privilege card with only 20,000 issued, which gives the cardholder exclusive airdrop rights to all ZKFair projects in the February Launchpool. On the evening of January 31, the ZKFair Pass was quickly sold out within 10 minutes of its launch, proving the community’s high recognition and pursuit of such rights and values.
Following this, ZKFair launched PFP-CyberArmy NFT on March 2, a unique digital collection series developed based on the ERC-404 protocol. Each NFT represents a warrior image, implying fairness, revolution and perseverance. Spirit. The public sale of this project also proved its high popularity in the market. 9999 NFTs were sold out in less than an hour, and the floor price on the date of publication has increased nearly 160 times compared with the offering price, bringing significant benefits to early supporters. The return of wealth.
The ZKFair CyberArmy token is priced at only 1 USDC
The surge in the price of CyberArmy NFT proves ZKFair's influence in the NFT field and its positive role in promoting the growth of community wealth. It is particularly worth mentioning that CyberArmy NFT, as an asset that symbolizes fairness and revolutionary spirit, has further deepened the confidence and support of community members for the ZKFair project with its potential airdrop rights and future application prospects. Influenced by the news, ZKF also rose by 40% in one day. This increase is the market's affirmation of ZKFair's overall value and future potential.
After the mainnet was launched, ZKFair’s TVL soared to 324 million U.S. dollars, ranking ninth in the L2 rankings, thanks to its superior technology and user-friendly operation experience. As ZKFair continues to expand into multiple tracks such as NFT, DeFi, and infrastructure, and actively explores cooperation with cutting-edge technologies and ecological projects, it is bound to bring more wealth effects and outstanding achievements in the future. ZKFair is reshaping the wealth growth path of the crypto world with its unique value-added model and community participation mechanism, showing unlimited possibilities and potential.
A new phase begins a new chapter, revealing the wealth opportunities of Dragon Slayer
After comprehensive preparations and ecological layout in February, ZKFair is actively expanding its global footprint, especially focusing on key markets such as Japan, South Korea, and Vietnam, and is committed to promoting its innovative projects worldwide. The implementation of the globalization strategy not only enhances ZKFair's presence in the international blockchain community, but also brings opportunities for investors and users from all over the world to contact and participate in this thriving ecosystem.
On March 8, ZKFair and Lumoz jointly launched the first large-scale gamified ecological event Dragon Slayer. The event borrowed the narrative line of the dragon slayer boy and designed a series of challenging levels and adventure elements, allowing players to win generous Lumoz points and USDC rewards while enjoying the fun of the game. The Dragon Slayer event is well designed, with a total prize pool of more than 30 million Lumoz points and 50,000 USDC rewards, distributed in three constantly upgraded levels, adding to the challenge fun and expectations of players. Lumoz's new round of financing will be closed and disclosed in March. It is expected that this round of financing will reach a valuation of 120 million US dollars. The event format and event rewards of this event with ZKFair are also unprecedented in the industry.
In order to increase the influence and participation of the event, ZKFair also announced 24 well-known project parties including Galxe, Bitget, and Orbiter as partners in the first phase, expanding the ecological scope of the event.
ZKFair Dragon Slayer Phase 1 Event Partner
ZKFair has opened a community user registration channel for this Dragon Slayer event. The official minimum number of registered users required for the first phase is 3,000. Surprisingly, within 24 hours after the event was launched, the event attracted more than 88,000 participants, fully demonstrating ZKFair's strong community mobilization capabilities and broad market appeal. In the future, as the "Dragon Slayer" phase is further implemented, ZKFair will also plan to release more potential wealth opportunities and create value for community members through a series of well-designed activities and incentives. According to the latest news, ZKFair has officially opened the registration for the third phase of Dragon Slayer on April 1, and the third phase requires 10,000 registered users. Once reached, a 1-day countdown will begin. After that, unregistered users can only join through an invitation code. These activities will encourage more users to actively participate, while promoting the participation and cooperation of more high-quality projects, and further enriching the ecological diversity of ZKFair.
Event link: dragon-slayer.zkfair.io
In addition, Dragon Slayer also marks a new chapter in ZKFair's strategic development blueprint, which marks its commitment to continuous innovation and heralds more structural reforms to come. This includes the optimization of the Launchpool platform, focusing on introducing more high-quality projects with third-party endorsements, improving the overall quality and credibility of projects on the ZKFair platform, thereby attracting a wider group of participants and strengthening investors' confidence in these projects.
In the new stage of Launchpool, ZKFair will implement a more stringent project screening process to ensure that every project launched has advanced technology, a reliable team, a clear business model and a sustainable development strategy. The latest Launchpool project AIRealmRobotics (AIROBO) is a concrete manifestation of this vision, representing ZKFair's courage to experiment and innovative spirit at the forefront of technology.
AIROBO is an open platform of AI+Defi, with a total of 2 billion AIR tokens. The issuance follows the consistent principle of fairness of ZKFair, that is, 100% fair issuance, no reservation, no private placement, no pre-mining, to ensure that all community members have equal opportunities to participate and benefit. At that time, ZKF pledgers, .zkf domain name owners, and ZKFair PFP holders will have the opportunity to receive airdrops. In addition, Bitget Wallet will also launch IWO activities simultaneously.
summary
The rise and evolution of ZKFair demonstrates how a community-driven, technological innovation-centered crypto project can achieve breakthrough growth in a short period of time and continue to release wealth effects. Since the launch of its main network, through its fair issuance model, in-depth ecological layout and activities jointly promoted by all partners, ZKFair has successfully shaped its unique position in the field of Ethereum Layer 2 solutions and created significant benefits for its community members. value-added opportunities.
The launch of the new phase of "Dragon Slayer" marks the transition of ZKFair from the exploration and positioning of the start-up phase to the brand building and market expansion of the mature phase. This transformation will further enhance ZKFair's market influence. In the future, through the upgraded Launchpool and more attractive ecological incentives, it will promote the activity and participation of the entire community, thereby accelerating the overall prosperity of the ecosystem.
According to the community voting results, ZKFair will also start the deflation mechanism in April 2024. In the future, 10% of ZKFair's Gas fee profits will be used for the repurchase and destruction of ZKF. As a result, the distribution ratio of ZKFair network fees has been changed to 75% of the profits distributed to ZKF pledgers, 10% for the repurchase and destruction of ZKF, and another 15% for DAPP developers. After the repurchase and destruction are completed, detailed data will be announced. At the same time, ZKFair stated that it does not rule out the possibility of increasing the repurchase and destruction efforts in the future. As of April 1, a total of 911,376 USDC rewards were distributed to ZKF pledgers, and the highest APR yield of ZKF pledgers was as high as 181%.
In general, as a pioneering project, the path that ZKFair has taken is not only a full affirmation of the power of the community and the value of technological innovation, but also a vivid demonstration of the infinite possibilities of the future crypto world. Against the backdrop of the rapid iterative development of the crypto industry, ZKFair's model provides a new perspective on how to promote technological progress and ecological prosperity on the basis of ensuring fairness and openness, thereby driving the entire crypto field towards a healthier and more community-harmonious direction.
