![zkLink Protocol.png](https://files.peakd.com/file/peakd-hive/ifarmgirl/23tbM6hzAgH2qMVM3FrHTQysYmxB9TW73HkTg2SbPqD8YLs6vkMgEvceawpBQ8UegJBnf.png)

[zkLink Protocol](https://zk.link/), a trailblazer in zero-knowledge blockchain is launching its own token, $ZKL. The public sale is going to happen on the 25th of January, 18:00 UTC on CoinList. It is to note that only [whitelisted](https://cform.coinlist.co/forms/aae626b6-2dcf-4cd5-8007-f4ce114320df) wallet addresses and [registered](https://coinlist.co/zklink-community-sale) users will be able to participate. The whitelisting ended on the 16th of January but I'm not sure if there was an extension. While I learned about the upcoming sale earlier, I didn't really like the KYC requirement so I kind of slept on it.

[![zkLink KYC.png](https://files.peakd.com/file/peakd-hive/ifarmgirl/EouEtjEUxFNq5B7MePmbQdXMVb2HJkm6bDnnZc56YSGFCKAxXy2EkNU23U2qzdJapMM.png)](https://coinlist.co/zklink)

Here's a quick details about the sale obtained from [CoinList](https://coinlist.co/zklink): - Sale Price: $0.15 per ZKL - Vesting Terms: 30% unlock on 31 March 2024, monthly linear vesting in 9 months - Funding Method: USDT, USDC - Deadline of Wallet Funding: 22nd January 2024 - Minimum/Max Purchase: $100 / $500 - Additional Allocation Request: $500 / $1,500 - Available for Sale: 31,250,000 ZKL (3.125% of total token supply) More info about the sale on the [FAQs](https://coinlist.co/help/zklink). Let me also share some more about the token and the zkLink Protocol below. ![](https://files.peakd.com/file/peakd-hive/ifarmgirl/EoAT2qFFWeLGafYTYSmm1jPhwSz2peHD5esrso5FisJBGvJrNjhM1Bp7Grt6UvrLhKV.png) ### $ZKL Token ZKL is the zkLink Protocol's native utility and governance token. It will be a non-inflationary token issued on the Ethereum Mainnet. Ticker: $ZKL Token Type: ERC-20 Maximum Supply: 1 billion Here's what the token distribution looks like:

[![Token Distribution.jpeg](https://files.peakd.com/file/peakd-hive/ifarmgirl/Eoc556ngwegFJS9XZm3H7xceycV3S6Cnmrn2qaB847gJs18M2zJGnM5eHQDs6FPjVQY.jpeg)](https://coinlist.co/zklink)

### Token Utility ➡️**ZKL as Prover Fee** - Provers will need to stake a specific amount of ZKL to join the proof market. ZKL is the default payment token for the zero-knowledge proof generation service provided by provers. - Provers are then rewarded with ZKL tokens for their services in generating [ZK proofs](https://leofinance.io/@leoglossary/leoglossary-zero-knowledge-proof) for the App Rollups. ➡️**ZKL as Rollup Infra License Fee** - Applications using zkLink Rollup deployment solution will need to pay a license fee in the form of ZKL to the zkLink DAO. ➡️**ZKL as governance token** - [Validators](https://inleo.io/@leoglossary/leoglossary-validator) have to stake ZKL as a guarantee deposit, and help generate zero-knowledge proofs to receive ZKL as rewards; - Holders of ZKL can unlock perks and special user rights such as trading fee discounts; - ZKL holders can stake ZKL to get veZKL and be able to initiate and vote on the proposals to govern the development of the protocol. [Source: [zkLink Docs](https://docs.zk.link/tokenomics/tokenomics) / [Whitepaper](https://zk.link/zkLink-whitepaper.pdf)] ![](https://files.peakd.com/file/peakd-hive/ifarmgirl/EoAT2qFFWeLGafYTYSmm1jPhwSz2peHD5esrso5FisJBGvJrNjhM1Bp7Grt6UvrLhKV.png) ### What is zkLink Protocol zkLink is a multi-chain Layer 3 rollup infrastructure based on Zero-Knowledge technology. It is designed to support high-performance trading, enhance asset security, and simplify inter-chain communication processes.[¹](https://docs.zk.link/welcome/readme) > zkLink aims to provide a more accessible and user-friendly [decentralized finance (DeFi)](https://inleo.io/@leoglossary/leoglossary-decentralized-finance-defi) environment by leveraging the advanced capabilities of zkSNARKs technologies.[²](https://zk.link/zkLink-whitepaper.pdf) Accordingly, it empowers decentralized financial (DeFi) products, including RWA, order book DEXs, NFT marketplaces, and more in a roll-up centric, multi-chain world.[³](https://tokeninsight.com/en/research/analysts-pick/zklink-deep-dive) Recently, it launched [zkLink Nexus](https://playground-nexus.zk.link/), a multi-rollup Layer3 that is designed to reduce issues of liquidity fragmentation. "It enhances performance and brings down the transaction cost for traders, while inheriting the security from Ethereum."[⁴](https://playground-nexus.zk.link/) The app, also called **zkLink Playground**, is on its Mainnet Alpha and currently supports Linea, [Ethereum](https://inleo.io/@leoglossary/leoglossary-ethereum-blockchain), Scroll, Polygon zkEVM and zkSync Era. The platform is interactive and provides users a hands-on experience with the protocol’s non-custodial Layer 3 account, bridge funds from L2 Rollups, and interact with zkLink’s DApps with gasless transactions, aggregated assets, and bridgeless fees.[⁵](https://tokeninsight.com/en/research/analysts-pick/zklink-deep-dive) The zkLink project is backed by big names such as Coinbase Ventures, Arrington Capital, Polygon Ventures, CryptoCom and many others.

![](https://files.peakd.com/file/peakd-hive/ifarmgirl/EoAT2qFFWeLGafYTYSmm1jPhwSz2peHD5esrso5FisJBGvJrNjhM1Bp7Grt6UvrLhKV.png) ### Products or DApps on the zkLink Ecosystem #### 1️⃣[zkEX](https://zkex.com/) A decentralized, non-custodial multi-chain order book book exchange secured by zero-knowledge proofs. Users can trade Spot and Perpetual Contracts without limits, at low fees, deep liquidity and in multiple blockchains.[⁶](https://zkex.com/) The [DEX](https://app.zkex.com/) is on its Mainnet Alpha and it currently supports 9 blockchains including Polygon, Linea, Base, Arbitrum, Optimism, BSC. opBNB, zkSyn Era and Avalanche. The application is on its Mainnet Alpha and users can already trade some assets like ETH, [BNB](https://inleo.io/@leoglossary/leoglossary-bnb), MATIC and AVAX. #### 2️⃣[zkJump](https://zkjump.io/) The cross-chain bridge for native assets that eliminates the need for intermediate or wrapped tokens. Users can seamlessly bridge their multi-chain tokens within a single user interface, without having to make a deposit into the zkLink middle layer.[⁷](https://zkjump.gitbook.io/docs/) The application is still on its Testnet phase. #### 3️⃣[OpenWorld](https://openworld.exchange/) A decentralized [derivatives](https://inleo.io/@leoglossary/leoglossary-derivative) exchange. Users can trade crypto, stock, bond, forex, commodity etc. According to its documentation, it is the first RWA and crypto DEX with order book model and CeFi performance.[⁸](https://openworldex.gitbook.io/docs/) The exchange is still on its Testnet phase and is only accessible by whitelisted individuals. ![](https://files.peakd.com/file/peakd-hive/ifarmgirl/EoAT2qFFWeLGafYTYSmm1jPhwSz2peHD5esrso5FisJBGvJrNjhM1Bp7Grt6UvrLhKV.png) ### Summary (TL;DR) - The zkLink token sale for requires KYC for one participate. While the registration is indicated to end on the 22nd of January, the whitelisting has ended 2 days ago. - $ZKL token (ERC-20) is the utility and [governance](https://inleo.io/@leoglossary/leoglossary-governance) token for zkLink Protocol, and is the main token to be used in the zkLink ecosystem. - zkLink Protocol aims to be a dev-centric, user-friendly solution which allows [developers](https://inleo.io/@leoglossary/leoglossary-developer-real-estate) a plug-and-play experience when deploying their DApps. It also offers customizable features in a highly scalable environment at a low cost. - On the other hand, it allows users to transact and manage their assets with just a single [wallet](https://inleo.io/@leoglossary/leoglossary-wallet). It mentioned it also supports CEX deposit & withdrawal. It aims to offer unlimited trading pairs and deep liquidity and also minimize trading fees through its gasless transactions on ZK-Rollup.[⁹](https://zk.link/) - I'm personally interested in OpenWorld, the DEX with [order books](https://inleo.io/@leoglossary/leoglossary-order-book-hive). It's still on Testnet but will be interesting to see how it develops into a fully functional exchange. _{As always, none in my publication is an investment or financial advice. DYOR.

Info Sources:
- [zkLink](https://zk.link)
- [Coinlist](https://coinlist.co/zklink)
- [Whitepaper](https://zk.link/zkLink-whitepaper.pdf)
- [zkLink Docs](https://docs.zk.link/tokenomics/tokenomics)
- [TokenInsight](https://tokeninsight.com/en/research/analysts-pick/zklink-deep-dive)
- [Nexus](https://playground-nexus.zk.link/)
- [zkEX](https://zkex.com/)
- [zkJump](https://zkjump.io/)
- [OpenWorld](https://openworld.exchange/)} ![](https://files.peakd.com/file/peakd-hive/ifarmgirl/EoAT2qFFWeLGafYTYSmm1jPhwSz2peHD5esrso5FisJBGvJrNjhM1Bp7Grt6UvrLhKV.png) _{Lead image edited on Canva. Logo from zkLink. Other photos are linked directly to their sources. No copyright infringement intended. 18012024/19:00ph} Posted Using [InLeo Alpha](https://inleo.io/@ifarmgirl/zklink-protocol-and-zkl-token-community-sale)

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