Knoqnoq Forum: Everything You Want to Discuss, Most Discussed in India
Search
Reply: 2

Emerging Rollup Chain

[Copy link]

191

Threads

923

Posts

5951

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
5951
Post time 12-3-2024 20:29:18 | Show all posts |Read mode
ZK Fair, as a primary feature of a Rollup chain, possesses the following characteristics:

- Built on the Polygon CDK, with the DA layer utilizing Celestia (currently preserved by a self-operated data committee) and compatible with the Ethereum Virtual Machine (EVM).
- USDC is used as the Gas fee.
- 100% of the Rollup token ZKF is distributed to the community. Of this, 75% of the tokens are distributed in four phases, completing distribution to participants in gas-consuming activities within 48 hours. Essentially, participants engage in the primary market sale of the tokens by paying Gas to the official sequencer. The corresponding primary market valuation is only $400.

ZK Fair has seen a rapid increase in Total Value Locked (TVL) in the short term, benefiting from its decentralized "ownerless" nature. According to community insights, mainstream exchanges such as Bitget, Kucoin, and Gate listing ZK Fair are a result of community and user connections with these exchanges. Subsequently, official teams are invited for technical integration. This process is community-driven, as seen with on-chain projects like izumi Finance, where the community takes the lead, and the project team plays a supportive role, resulting in a strong community cohesion.

From insights gathered from the ZK Fair development team, Lumoz (formerly Opside), it is understood that the team plans to introduce new Rollup chains with different themes in the future. This includes Rollup chains based on current hot topics like Bitcoin, as well as those focused on social, financial derivatives, and more. Future chain launches may involve collaboration with project teams, similar to the currently trending Layer 3 concept, where each Dapp operates on its own chain. Additionally, some upcoming chains will also adopt the Fair model, where the team distributes a portion of the original tokens to participants on the chain.
Reply

Use magic Report

214

Threads

1726

Posts

9249

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
9249
Post time 12-3-2024 20:35:03 | Show all posts
I don't really understand this thing either.
Reply

Use magic Report

849

Threads

337

Posts

110K

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
13671
Post time 12-3-2024 20:43:24 | Show all posts
This chain is worth paying attention to.
Reply

Use magic Report

You have to log in before you can reply Login | Register

Points Rules

Quick Reply To Top Return to the list