ZKSwap is a token Swap protocol based on Automated Market Maker (AMM). Through ZK-Rollup technology, the full set of uniswap functions are realized in Layer-2, while providing unlimited scalability and privacy. ZKSwap provides liquidity providers and traders with ultra-high throughput Swap infrastructure, and transactions do not require any Gas fees.
ZKSwap is a Layer-2 decentralized exchange that adopts AMM model and zk-Rollup technology. It’s built on Ethereum, and aims to give traders low latency & no gas fee experiences. ZKS is the utility and governance token that is used in ZKSwap. You can try the application at zks.app.
Through ZKSwap -Rollups technology, all ERC20 tokens are transferred to layer-2, and the consistent state of layer-1 and layer-2 is guaranteed based on continuously generated zero-knowledge proofs. This solution allows all exchanges to execute on layer-2, achieving real-time swap with zero gas fees, unlimited scalability, removing the constraint from the Ethereum’s TPS, and block confirmation time.
60%: Community Mining
15%: ZKSwap Team
8%: Ecosystem Developers and Ecosystem Growth
6.7%: Angel Investors
5.3%: Potential A Round Investors
4%: Initial Liquidity
Token Lock-up plan and release plan
60% of ZKSwap total supply would be allocated to community by airdrop and mining. The total incentive plan would happen in 4 years, including varieties of minings, such as Proof of Gas, Proof of Liquidity, Proof of Trading, and so on. 40 million of ZKS has airdropped to early participants.
15% of ZKS would be allocated to ZKSwap team. This would be locked up for a year after ZKSwap launched its mainnet, and vesting for three years after the lockup.
8% of ZKS is reserved for developers and participants in the ecosystem. This part would be vesting for 4 years.
6.7% of ZKS is allocated to Angel investors. 30% of this part would be unlock after ZKS listed on a major exchange, the rest 70% would be locked up for three months after that, and vesting for 6 months.
5.3% of ZKS is reserved for potential A round investors. This round would be decided by all token holders, after one year of ZKSwap mainnet launch.
1% of ZKS is allocated to advisors, vesting for 3 years.
Users have complete control of their assets, transactions do not require an authorization, and have good privacy and higher liquidity.
Ultra high TPS
Based on ZKSwap -Rollup technology, transaction TPS can be increased by multiple orders of magnitude.
Liquidity providers and users do not need to pay high gas fees, which greatly reduces the threshold for use.
The ZKSwap server can interact with users through the WebSocket interface, and can also monitor transactions on the Ethereum blockchain. All legal transaction requests will be placed in the ZKSwap memory pool, which will ultimately be processed by the Swap Engine.
Plonk zero-knowledge proof system
ZKSwap zero-knowledge proof system adopts a distributed architecture and uses the latest zero-knowledge proof algorithm PLONK to generate proofs. PLONK’s global trust setup only needs to be generated once, and applications with a certain range of circuit scale can be reused, which greatly reduces the threshold for using zero-knowledge proof.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.