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ZKFair Launches Community-Driven ZK-L2 Mainnet

December 20, 2023
in Crypto News
Reading Time: 3 mins read
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  • ZKFair’s Mainnet launch on December 20th brings a fair, community-driven approach to the world of ZK-L2 blockchains, distributing 100% of ZKF Tokens to users through airdrops.
  • This disruptive project aims to empower everyday users by returning 100% of gas fee profits to the community, in contrast to projects prioritizing VC investors.

The ZK-L2 community network, ZKFair, is poised to go live on December 20th. ZKFair is proof of the increasing acceptance of Layer-2 solutions based on the Polygon Commit Chain Development Kit (CDK) and Celestia. In contrast to the alleged problems of overvaluation and uneven distribution that some other ZK-L2 initiatives suffer, ZKFair, powered by Lumoz’s ZK-RaaS, aims to establish itself as a community-driven and fair platform.

Fairness and community involvement are at the center of ZKFair’s basic values. 100% of the ZKF Token will be distributed through airdrops as soon as the project’s mainnet launches. This strategy seeks to guarantee a fair distribution of tokens among community members in order to promote an inclusive environment.

Recently, the ZK-L2 environment has come under fire for being overpriced and giving venture capital investors a disproportionate advantage, frequently leaving average users with meager returns. High petrol prices and sluggish token incentives have also made participation difficult. ZKFair aims to provide a truly fair and community-driven ZK-L2 network to ease these worries.

Key Features of ZKFair

  • Fair Launch: ZKFair’s launch will be marked by a fair distribution of ZKF Tokens through airdrops, aligning with its commitment to community empowerment.
  • Community-Built: The project emphasizes community-driven development, encouraging users to actively shape the network’s future.
  • Community-Shared Revenue: All future gas fee profits generated on the ZKFair network will be returned 100% to the community, ensuring that the benefits are shared collectively.
  • Security and stability:  Prior to its mainnet launch, ZKFair underwent rigorous audits by globally renowned auditing organizations, focusing on code security and overall stability. Users’ asset safety is paramount to the project, and audit reports will be accessible on the website post-launch.

Participation Opportunities for the Community

ZKFair offers various ways for community members to participate and benefit:

  • Free USDC distribution: Users can claim 0.1 USDC on the ZKFair Mainnet by sending a message on the specified Discord channel during a limited-time window.
  • 25% community airdrop: It is worth noting that ZKF tokens will distribute a 25% airdrop to users who have interacted with various ZK-L2 solutions in the past two months and to Lumoz Loyalty Points holders.
  • 75% gas fee airdrop: Early gas fee contributors on the ZKFair mainnet will receive a 75% airdrop of ZKF Tokens. This airdrop will open on December 23rd, with a limit of $3M USDC, available on a first-come, first-served basis.

ZKFair encourages users to familiarize themselves with the platform during the two-to-three-day period leading to the gas fee airdrop. Notably, there will be tutorials to facilitate the process.

Collaborations and community events

ZKFair has partnered with significant projects in addition to its core services to plan community celebrations of the mainnet launch. Examples of these partnerships are cross-chain bridges, decentralized exchanges, decentralized identity services, NFT markets, and other projects. After the mainnet launch, individuals can find more information about these events on the campaign list of the ZKFair website.

Claiming airdrops

After the gas fee airdrop concludes, ZKFair will initiate the claiming process for all airdrops. Users are encouraged to claim rewards within a specified timeframe to ensure they receive their allocated tokens. Unclaimed rewards will be burned. The airdrop claiming period will last ten days, after which ZKF Tokens will be fully circulated. The 5% community reserve will remain, with plans for future distribution to support the BTC ecosystem.

ZKFair has established close partnerships with more than 15 initiatives, each adding something special to the ecosystem. These projects include NFT marketplaces, wallets, decentralized identity systems, cross-chain bridges, and more. Users can access some simultaneously with the mainnet launch, while others will roll out progressively after launch.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.


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