REVIEW OF PROJECT @zkLink_Official $ZKL - Project about to open for sale on @CoinList
1. Ask a problem
- The crypto market is having outstanding problems that many projects are looking for solutions such as liquidity fragmentation, multichain, high costs, low security,... then projects like#ZKLinkare born to solve them. decide it
- zkLink is an infrastructure solution that helps developers easily build a DApp based on zkRollup technology with high customization. Users on zkLink have a single wallet address for all networks such as Polygon, Starknet, zkSync, Linea, Arbitrum, Optimism, Scroll, Solana,...
2. What can ZKLink do?
- Multi-chain liquidity aggregation on both L1 and L2 using ZKP technology
- Provide solutions to quickly deploy Multichain products through SDK and APIs.
- A zkVM specifically for trading, delivering a high processing capacity, low-cost App Rollup solution for high-performance financial applications such as Order Book DEX.
*ZKLink's protocol is divided into 4 layers:
- Settlement Layer: Acts as the application layer of the protocol
- Execution Layer: Execute and mark transaction status (transactions)
- Sequencing Layer: Responsible for arranging and packaging transactions into packages, posting them to the Settlement layer or pushing them to external DAs. This layer will be deployed in a centralized form initially, then will gradually be decentralized.
- DA Layer: Supports the main chain as the DA layer + Integrates foreign DA and other DA Modulars from #Celestia, #EigenDA, #Avail, etc. to meet diverse requirements from many developers and extensions ability to aggregate data from more series.
3. ZKLink puzzle pieces
- ZKEX: ZKEX is a DEX that allows users to trade tokens between Blockchains. Unlike current DEX exchanges that use the AMM mechanism, ZKEX uses an order-book mechanism to bring an identical experience to current CEX exchanges such as: Binance, OKX,...
- zkJump: Cross-chain solution with high speed and low transaction fees.
- Open World: Is a decentralized exchange on the zkLink ecosystem.
4. Funds, Backer & Tokenomics
- Round 1: 10/2021 - 8.5M$ - Republic, Arrington Capital, HTX Ventures, GSR, Marshland, .v.v…
- Round 2: 5/2023 - 10M$ - Coinbase Ventures, Big Brains Holding, C2 ventures, Global Coin research, Efficient Frontier,.v.v…
- Sell $ZKL public sale on#Coinliston January 25, 2024, for $0.15, of which 30% will be opened on March 31, 2024 and paid in installments over the next 9 months. With FDMC 150M$ - Amount sold: 31,2500,000 $ZKL (ERC 20) - equivalent to 3.125% of total supply.
- Application of#ZKLtoken: payment for DApps accessing zkLink and Governance services:
+ DApp must stake ZKL to have access to the Manager Contract.
+ Validator must stake ZKL as a form of collateral to participate in the process of creating ZK Proof and receive rewards from there.
+ zkLink Eco dApps users will be motivated to buy and hold ZKL to unlock special user privileges and rights such as transaction fee discounts.
+ZKL holders can stake ZKL to obtain veZKL to launch proposals and vote on proposals to coordinate the development of the protocol.
5. Conclusion
- A project I think is quite good if you can buy it at coinlist price
- TVL all chain is reaching 870M$, operating in many L2 chains such as Linea, Arbitrum, Polygon,...
- The project has a story to tell, solves a real problem, has mainnet and has users, I will wait to see how the price list is and then act later.