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StarkNet derivatives trading protocol ZKX will launch governance token ZKX on June 6

CointimeCointime2024/05/02 01:55
By:Cointime

The ZKX derivative trading protocol on the StarkNet ecosystem has announced that it will launch its governance token, ZKX, on June 6th, along with plans for token distribution and ecosystem development in the coming months.After the token launch, ZKX will be listed on selected AMMs and centralized exchanges on StarkNet, and staking will also be enabled. Users can stake ZKX tokens to earn a share of DEX trading fees in USDC.To ensure a smooth token release, ZKX will have a 3-month linear release period for airdrop 1, airdrop 2, and cumulative trading rewards before the mainnet launch. Trading rewards obtained after June 6th can be withdrawn immediately. Additionally, ZKX will conduct airdrop 2 in June and plans to have two more rounds of airdrops later this year.ZKX revealed its vision for 2024, which is to "socialize perpetual contracts" by expanding important features such as referral programs, staking, and prediction markets, injecting social elements into the derivatives market. To coincide with the token launch, ZKX has made slight adjustments to its token economic model, reducing the team's share to increase the Fjord protocol's liquidity launch pool share, while keeping the community's share unchanged.It is worth mentioning that ZKX tokens have already completed their first airdrop in April. The protocol has now accumulated over 24,000 accounts, and the perpetual contract trading volume has exceeded 810 million US dollars.

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