ZKSpace has recently announced two significant developments: its ecosystem and the unveiling of its Tokenomics 2.0 Trilogy. expansion into the BRC20 Expansion into the BRC20 Ecosystem: : Following the BTC network's Taproot upgrade, the BRC20 ecosystem has gained traction in the cryptocurrency domain. ZKSpace is now pivoting towards this ecosystem to meet growing user demand and diversify its product offerings. Background : The move aims to align with user preferences, leverage the ZKSpace team’s expertise in Zero-Knowledge Proof, and enhance the value of ZKS token holders. Strategic Focus : ZKSpace plans to introduce a suite of products and services tailored to the BRC20 ecosystem, including a BRC20 Exchange, BRC20 Info, and a BRC20 Project Launchpad. Initiatives : Key milestones include the introduction of ZKSwap (zkSync version), cross-chain functionality with BZKSwap, and the launch of a comprehensive BTC solution for a decentralized BTC Layer2 DEX. Roadmap ZKVM Tokenomics 2.0 Trilogy: : ZKSpace has decided to burn 40% of the total ZKS token supply, reducing the uncirculated supply from 440 million to 40 million tokens. This move aims to create a deflationary effect on the non-circulated portion of the tokens by over 90%. The token burn is commenced for completion by December 31, 2023. Token Supply Adjustment : In 2024, ZKS tokens will be upgraded to dual-chain Layer2 governance tokens, operable on both ETH and BTC networks. This includes the migration of a portion of ZKS tokens to the BTC network, with profits dedicated to accelerating the token’s deflationary plan. New Use Cases : This token burn is the first phase of the innovative Tokenomics 2.0 model trilogy. ZKSpace is also planning a series of products for the BTC ecosystem and a significant brand evolution. Future Developments Conclusion These developments by ZKSpace mark a strategic shift towards embracing the BRC20 ecosystem and innovating its tokenomics. The company is set to enhance its product offerings and user experience, while also adding value to its ZKS token holders. Stay tuned for more updates as ZKSpace continues to evolve and expand its presence in the cryptocurrency market. For more information, visit ZKSpace's official channels: | ｜ ｜ | ｜ Website Twitter Telegram Discord Reddit GitHub

Too Long; Didn't Read

Making security fun one episode at a time

Charting the Future: ZKSpace's Development Unveils BRC20 Expansion and Tokenomics 2.0 Plans

Too Long; Didn't Read

ZKBase

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

Charting the Future: ZKSpace's Development Unveils BRC20 Expansion and Tokenomics 2.0 Plans

Too Long; Didn't Read

ZKBase

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

RELATED STORIES