CoinList Schedules zkLINK Community Sale on January 25 | Coinspeaker

CoinList Schedules zkLINK Community Sale on January 25

| Updated
by Steve Muchoki · 3 min read
CoinList Schedules zkLINK Community Sale on January 25
Photo: zkLink / X

The zkLINK community sale will involve 31.25 million ZKL tokens at a starting price of $0.15 and up to nine months of monthly linear vesting.

zkLINK, a fast-growing multichain using zero-knowledge rollup technology to develop scalable trading infrastructure, is set to conduct its public sale of the ZKL tokens on January 25. According to the announcement, the ZKL tokens community sale will be conducted through the CoinList platform, thus investors should register before January 22. Additionally, CoinList users intending to participate in the ZKL tokens community sale should load up their account with at least $100 in either Tether USDT or Circle USDC. Meanwhile, zkLINK has set a maximum limit of $500 per CoinList user, with a 30 percent unlock scheduled for March 31, 2024, followed by nine months of monthly linear vesting.

The zkLINK community sale will involve 31.25 million ZKL tokens, which represents about 3.125 percent of the total supply, of 1 billion tokens. Otherwise, 20 percent of the ZKL tokens’ total supply was allocated to the early private purchasers. The team and advisors were allocated about 20 percent. The zkLINK ecosystem development received about 22.5 percent of the total ZKL tokens supply. The liquidity reserve was allocated about 4 percent, whereas the community treasury received about 29.87 percent of the ZKL tokens total supply.

zkLINK Network and Market Outlook

The zkLINK’s ZKL token is an ERC20 project that runs on the Ethereum mainnet, which will play a crucial role in ensuring sustainable future growth for the ZK-rollup network. Furthermore, the zkLINK DAO depends on the ZKL tokens for governance and community engagement. Notably, the ZkLink network has so far conducted two successful fundraising rounds and managed to amass a total of about $18.5 million. The zkLINK seed round that was completed in 2021 raised $8.5 million led by Republic Crypto. Other major participants in the company’s seed funding round included Arrington Capital, DeFi Alliance, Huobi Ventures, Solana Ventures, Polygon Ventures, Ascensive Assets, Morningstar Ventures, and Marshland Capital. Earlier last year, zkLINK raised $10 million through a strategic round that included Coinbase Ventures, Ascensive Assets, SIG DTI, BigBrain Holdings, and Efficient Frontier.

As a result, the zkLINK network has attracted notable developers and already linked 16 networks through the alpha mainnet. With a key focus on empowering DeFi developers, real-world assets (RWA) tokenization, and NFT Dapps, zkLINK has attracted more than 200k unique addresses that have managed over 2 million alpha mainnet transactions.

By offering more than 1000 transactions per second (TPS) and sub $0.001 in transaction fees, zkLINK has brought together reputable layer one and layer two blockchains like Ethereum, opBNB, Optimism, and Base among many others.

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