zkLink Announces Community Token Sale on CoinList and Opens zkLink Explorer Whitelist

zkLink, a pioneer in the zero-knowledge blockchain sector, has exciting news for its community as it prepares for a community token sale on CoinList, a renowned platform for launching innovative cryptocurrency and blockchain projects. This significant event signifies a crucial milestone in zkLink's journey toward achieving high-performance decentralized finance (DeFi) through its cutting-edge zero-knowledge trading infrastructure and the recently launched Nexus platform.
As part of this initiative, zkLink introduces the "zkLink Explorer's Whitelist," offering community members priority access to the token sale and future events. The whitelist application period is from January 11th to January 16th, and applicants are required to fill out a form with their wallet address by 12:00 PM, UTC on January 16, 2024. Active community members and long-term zkLink supporters are given priority, with results announced before January 19th. Whitelisted members will receive the 'zkLink Explorer' role on Discord.
The zkLink Explorer Whitelist provides members with exclusive access to zkLink's technical and ecosystem development, allowing them to engage fully with the platform, offer feedback, and earn incentives for their participation. This initiative emphasizes zkLink's commitment to actively involving the community in the ecosystem, fostering a sense of ownership among users.
The zkLink Community Token Sale on CoinList registration is now open, with the sale scheduled for January 25th, 2024, at 18:00 UTC. Key details include a token price of $0.15 per ZKL token, a 30% token unlock around March 31st, 2024, followed by nine months of monthly linear vesting. The token allocation for sale is 31,250,000 ZKL tokens (ERC20), constituting 3.125% of the total supply. The minimum and maximum purchase amounts are $100 and $500, respectively, with additional allocation requests allowed between $100 and $1500. Funding methods include USDT and USDC, and excluded participants are residents of the US, Canada, China, Republic of Korea, and certain jurisdictions.
The ZKL token serves as the native utility and governance token for the zkLink protocol. With a total supply capped at 1 billion and being non-inflationary, ZKL is used to unlock zkLink rollup infrastructure services, pay for zero-knowledge proof computational resources, and govern the development of the protocol through the zkLink DAO. The whitepaper provides additional details on zkLink's tokenomic model and ZKL's utility.
In terms of funding history, zkLink has successfully raised $18.5 million through two major rounds. The initial seed round on October 22nd, 2021, raised $8.5 million and was led by Republic Crypto, with participation from various entities. Subsequently, zkLink secured an additional $10 million in a strategic round on May 4th, 2023, with participation from Coinbase Ventures and other notable entities.
zkLink emphasizes community engagement as a response to evolving dynamics in the blockchain space, aiming to empower users and transform them into active contributors to the protocol's future. The zkLink Community Token Sale and zkLink Explorer Whitelist Program present exciting opportunities for those eager to be at the forefront of blockchain innovation, with exclusions for residents of specific regions.
In conclusion, zkLink's announcements highlight its commitment to community involvement, technological advancement, and the successful launch of its token sale on the CoinList platform. The zkLink community is encouraged to stay tuned for more updates on these promising developments.