zkPass ( $ZKP ) is expected to launch on Binance Alpha at around 18:00, Dr. Lv from $Jager

We are live streaming for you, logo is the main feature

The project is old, but relatively high quality

1️⃣ Data performance

Generated over 4.6 million proofs, interactive wallet over 560,000

Total supply is 1 billion ZKP, initial circulation is approximately 20.17% (about 201.66 million).

Fully diluted valuation (FDV) is 100 million USD.


2️⃣ Team, financing, investor details

The project was established in 2022 and is headquartered in Australia.

Founding team

  • Bing Jiang (Co-Founder & CTO): Former Co-Founder/CTO of Joy S&T, Co-Founder of ifdao, with rich experience in mobile and blockchain development.

  • Joshua Peng (Co-Founder, Strategy Lead): former founder/CEO of Homebloc, previously a senior engineer at Gilsanz Murray Steficek, responsible for project strategic direction.

  • Francis Berwa: Head of Investments.

A total of approximately $15 million has been raised, with major investors including Binance Labs, Sequoia China, Animoca Brands, and OKX Ventures. The recent round was valued at approximately $100 million.

3️⃣ Airdrop situation, token distribution

The total supply of tokens is 1 billion. In the distribution plan, community incentives account for the highest proportion, approximately 48.5%. About 4 million ZKP tokens have been distributed through the BNB Chain airdrop alliance program, with user task points exchanged on a 1:1 basis for ZKP. Several exchanges launched additional airdrop activities upon listing.


4️⃣ Bullish

The project focuses on the privacy ZKP track, with cutting-edge technical concepts.

Received investments from top institutions such as Binance Labs and Sequoia China.

Community incentives account for a high proportion, which is beneficial for ecological construction. Tokens have clear use cases, such as node rewards, payment protocol fees, governance, etc.


5️⃣ Bearish

The founding team information has not been disclosed in detail.

Token distribution is ongoing, with early investors and team members subject to a lock-up period followed by linear release, which may lead to future selling pressure.

The project is in its early stages, and practical applications and adoption require time for verification.


6️⃣ Summary

zkPass is a privacy protection protocol based on zero-knowledge proof technology, aiming to build a verifiable internet. The project's background and lineup of investment institutions are strong, belonging to a popular track. It is important to note that the team's information disclosure is not high and the potential market pressure from token unlocks.

ALPHA 18 points

230 points

30-40U

7️⃣ Market making, pre-market price performance

Although the official announcement has not been made clear, both Flow Traders and Amber Group directly participated in the Series A financing. These two are top cryptocurrency market makers and usually provide liquidity services for their invested projects. 5% of the tokens have been fully unlocked for liquidity providers, further confirming this.

The project had pre-sale trading on some OTC platforms before listing, with significant price volatility. The IDO reference price calculated based on a $100 million FDV is approximately $0.10.

If it opens at $0.32, the FDV is $320 million, which is considered a reasonable low range for infrastructure projects invested by Binance; if it reaches $0.50-$1.00, the FDV will be $500 million to $1 billion.

8️⃣ Information sources

Project announcements, CoinMarketCap, CryptoRank, exchange information, and other public data.

Risk warning: All information above comes from publicly available internet data, for reference and learning purposes only, and does not constitute any investment advice! Investment carries risks, and please be cautious with speculation! DYOR!

#BNB100K