
PRESS RELEASE. ZKSpace has precocious announced 2 important developments: its enlargement into the BRC20 ecosystem and the unveiling of its Tokenomics 2.0 Trilogy.
Expansion into the BRC20 Ecosystem:
- Background: Following the BTC network’s Taproot upgrade, the BRC20 ecosystem has gained traction successful the cryptocurrency domain. ZKSpace is present pivoting towards this ecosystem to conscionable increasing idiosyncratic request and diversify its merchandise offerings.
- Strategic Focus: The determination aims to align with idiosyncratic preferences, leverage the ZKSpace team’s expertise successful Zero-Knowledge Proof, and heighten the worth of ZKS token holders.
- Initiatives: ZKSpace plans to present a suite of products and services tailored to the BRC20 ecosystem, including a BRC20 Exchange, BRC20 Info, and a BTC Layer2 wallet.
- Roadmap: Key milestones see the instauration of ZKSwap (zkSync version), cross-chain functionality with BZKSwap, and the motorboat of a broad BTC ZKVM solution for a decentralized BTC Layer2 DEX.
Tokenomics 2.0 Trilogy:
- Token Supply Adjustment: ZKSpace has decided to pain 40% of the full ZKS token supply, reducing the uncirculated proviso from 440 cardinal to 40 cardinal tokens. This determination aims to make a deflationary effect connected the non-circulated information of the tokens by implicit 90%. The token pain is commenced for completion by December 31, 2023.
- New Use Cases: In 2024, ZKS tokens volition beryllium upgraded to dual-chain Layer2 governance tokens, operable connected some ETH and BTC networks. This includes the migration of a information of ZKS tokens to the BTC network, with profits dedicated to accelerating the token’s deflationary plan.
- Future Developments: This token pain is the archetypal signifier of the innovative Tokenomics 2.0 exemplary trilogy. ZKSpace is besides readying a bid of products for the BTC ecosystem and a important marque evolution.
Conclusion:
These developments by ZKSpace people a strategical displacement towards embracing the BRC20 ecosystem and innovating its tokenomics. The institution is acceptable to heighten its merchandise offerings and idiosyncratic experience, portion besides adding worth to its ZKS token holders. Stay tuned for much updates arsenic ZKSpace continues to germinate and grow its beingness successful the cryptocurrency market.
For much information, sojourn ZKSpace’s authoritative channels.
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