Understand the ZKFair economic model in one article
ZK L2 community network ZKFair officially announced the test network on December 7, 2023online, and is open to all community users. The project is still in a very early stage. Users can perform related operations such as cross-chain and transfer. During the test network, the project team will also launch Swap, lending, NFT market, gaming and other ecological projects one after another, and cooperate with well-known projects such as Orbiter, Space ID, OKX Wallet, Bitget Wallet, TP Wallet, iZUMi, Meson and other well-known projects and launch related functions. It is expected that its mainnet will be launched around December 20th.
ZKFair is a community movement about ZK L2. It is a rebellion against the current pain points of various PUAs in the ZK L2 ecosystem, high valuations, and high participation thresholds for ordinary users. It is also the first L2 based on Polygon CDK, Celestia DA Lumoz ZK-RaaS. Network, 100% fair launch.
On the day the ZKFair testnet was launched, more than 30,000 users flooded into the community and tried interactively on the testnet. Its innovative economic model has always been the focus of community users. This article will also focus on the innovative 100% community Fair Launch model initiated by ZKFair.
ZKFair uses USDC as the handling fee token, and its own token is ZKF, with a total amount of 10 billion, distributed as follows:
75% Gas fee Airdrop
After the ZKFair gas fee airdrop program is launched (expected to be 3-5 days after the mainnet goes online), any user who generates handling fees by interacting with the ZKFair mainnet will receive ZKF token airdrop rewards. The upper limit is 300w US dollars, first come first served. (Please note that currently ZKFair has only launched the test network, and all test network functions are for testing only.)
25% Community Airdrop
8% for Lumoz points holders (you can log in to the Lumoz official website to view individualtotal points）
8% Polygon community (specific airdrop method to be determined)
2% ZKSync, Scroll, ZKSpace,Linea community (addresses with interactions in the past 2 months)
2% early code contributors
5% Ordinals community token holders (this part of the airdrop will not be unlocked immediately and will be available for collection after ZKFair supports the BTC ecosystem)
Note: Ordinals Community has always put community first, which is highly consistent with our vision. Therefore, ZKFair will airdrop 5% of tokens to Ordinals community users, and is also the first community project to airdrop tokens to the Ordinals community.
In order to achieve an absolutely fair and just launch, more specific details of the ZKFair gas fee airdrop program will be announced before the launch. The entire process involves no VC participation, no pre-mining, and no advance reservation.
After the ZKFair gas fee airdrop program ends, ZKFair will fully open the ZKF token airdrop collection. All qualified users can receive airdrop rewards through the designated page on the official website. The time to claim the airdrop is 10 days. Users who have not claimed it after 10 days will be deemed to have given up automatically, and this part of the tokens will be destroyed directly. The ZKFair team will not conduct any additional issuance of Tokens in the future.
The current problems faced by the ZK ecosystem, such as unfairness and high user participation thresholds, cannot be solved by one person alone. The future prosperity and development of its ecosystem still has a long way to go. The emergence of ZKFair may lead the industry into a new chapter. Since its inception, ZKFair has advocated the large-scale development of the community-driven ZK L2 network, and firmly believes that the realization of this mission cannot be achieved without the participation of every ordinary user.
For more details, please follow the official Twitter:https://twitter.com/ZKFCommunity
