ZKC (Boundless) — this is a project from the RISC Zero team. The guys had previously worked on zero-knowledge (ZK) technologies and created their own virtual machine for such computations. Boundless is their idea to create a universal protocol so that any network or rollup can connect ZK-proofs without the need to build everything from scratch. So it's like a "plugin" ZK for blockchains. They are not just adding it to Binance for no reason — the project is supported by airdrops and marketing, so there will be liquidity and attention. However, wild volatility is expected in the first days: some people will immediately sell the airdrop, plus 20% of all tokens will be available in circulation right away — that’s quite a lot. As for the team itself... The team exists, but information about each member is not very public. Investors and the team will also receive their tokens through vesting — when unlocks happen, the price may drop significantly. The competition in ZK is already fierce: zkSync, StarkNet, Scroll, and others. Boundless will need to prove that they are really useful and will find applications. By the way, ZKC is going to a major exchange (CEX). This is always a strong trigger — new users, liquidity, and the marketing team stimulates attention to the project.
What does this mean for the price
Short-term, high volatility, candles can fly in both directions (as always). Most likely there will be a sharp pump at the opening, and then a strong dump is possible when profit-taking from the airdrop begins. Medium-term, if marketing and listing work, the price may hold and even rise, but it all depends on what part of the community decides to "dump the freebie".
In general, I expect wild chaos in the first 24 hours. #listings #Airdrop #Write2Earn #BinanceSquareTalks #BinanceSquareFamily