🏢zkDX Initial Liquidity Offering
Last updated
Last updated
We know the community has been eagerly awaiting this moment!
After nearly a year of development and improvement, the time has finally come for zkDX to reach a new milestone. In partnership with eZKalibur, a leading L2 Launchpad, zkDX will be launching its official token, $ZKDX, through an Initial Liquidity Offering (ILO) in Q1 2024. 🌟
The ILO aims to provide initial liquidity guidance for traders and LPs, and enabling zkDX to rapidly create Real Yield for users. It's worth mentioning that zkDX's ILO will be a fair launch. Upholding the principles of fairness and decentralization, everyone will have an equal opportunity to participate in the ILO, with no VC holding any unlocked discounted tokens.
💡The ILO will adopt a creative mode of "Farming OverFlow" that combines the spirit of Fair Launch and incentivizes early participators, as follows: 🎯
- 🌐 8% of the $ZKDX supply, which is 80,000,000 $ZKDX in total, will be used for the auction, with a hardcap set at 272 ETH.
- 🪙 Users can invest as much or as little as they want in the initial token offering, and their final allocation will be based on the amount of funds they invest in as a percentage of all funds put in by other users at the time the sale ends. If more funds than the maximum hardcap are reached, users will receive back any leftover funds when they claim their tokens after the sale. If less funds than the maximum hardcap are reached, we can decide to burn the leftover tokens or keep them for other purposes.
- 💸 Moreover, there is an extra farming incentive of 200,000 $ZKDX. This reward will be distributed among participants based on their investment time and share during the ILO.
- 💰 40% of the $ZKDX will be distributed to participants at TGE, while the remaining 60% of $ZKDX will be released over 6 months, with a monthly release rate of 10% to the participants.
In the tokenomics of zkDX, 70% of the fees generated by the trading are rewarded to the LPs, 25% are rewarded to staked ZKDX, and 5% are rewarded to active traders. Participating in ILO allows you to obtain both $ZKDX token and protocol revenue for LP.
Therefore, the ILO brings significant dual benefits: potential profits from the value discovery of $ZKDX token and earning up to 95% of the early-stage revenue of zkDX.
| Time Period | Activity |
|---|---|
08:00 AM UTC Jan 20th - Jan 25th | During this period, the Launchpad of eZKalibur is open for ILO participators to deposit ETH |
08:00 AM UTC Jan 28th | 40% of ILO $ZKDX are available to claim |
08:00 AM UTC Feb 28th - July 28th | 10% of ILO $ZKDX are available to claim monthly |
👉 75% of the ILO funds will be allocated to support zkDX's liquidity, including:
zkDX Liquidity Pool: The funds deposited into this pool will serve as the initial liquidity for derivatives trading
Liquidity for $ZKDX trading pairs in DEX: Providing initial liquidity for trading $ZKDX
🚀 25% of the ILO funds will be allocated for expanding marketing efforts, including:
Increasing market influence: Attracting more users to become traders and LPs in zkDX, fostering a growth resonance in trading volume and liquidity
More partnerships: Engaging in a series of liquidity incentive collaborations with major DEXs, lending platforms, and other DeFi protocols to drive liquidity growth
Learn more about zkDX Tokenomics
We have always firmly believed that the decentralized derivatives market holds immense potential. zkDX, with its seamless derivative trading across various L2/L1 networks enabled by blockchain technology, represents the development trend of decentralized derivative protocols and an excellent market breakthrough. It will provide users with a superior trading experience that is seamless, low-cost, diverse, and secure.
As DeFi continues to mature technologically and its principles further penetrate the depths of human consciousness, zkDX possesses an immeasurable future.
🌐 Website: https://zkdx.io
📱 App: https://app.zkdx.io/#/trade
🐦 Twitter: https://twitter.com/zkDXio
🎮 Discord: https://discord.gg/ZukCWPaZbp
