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Home All Events - Ape O'Clock zkSwap Mainnet Launch

Date

Jul 07 2023
Expired!

TimeUTC

2:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Jul 07 2023
  • Time: 10:00 am

Status

Active

zkSwap Mainnet Launch

July 6 update – the team has posted, as recently as today, that the launch is still on for July 7. However, they have not announced a time, so this time remains a placeholder.

July June 29 update – delayed to July 7.

June 13 update – the launch has been postponed due to aggressive legal action by the US in the crypto space; the team plans to implement additional measures to protect the protocol. New launch date is June 28.

A concentrated liquidity DEX (Uniswap v3 fork) on zkSync Era.

The team has not announced a time for this launch, only that it is June 14. This time is a placeholder.

DETAILS
  • Mechanics & Features
    • zkSwap utilizes concentrated liquidity and active liquidity management system, similar to Uniswap v3
    • Liquidity providers have flexibility over the price range at which their liquidity is utilized
    • Each liquidity position is represented as an NFT
    • $ZKSP is the reward and governance token
    • More $ZKSP token utilities planned; e.g. reduced trading fees or you have to hold a certain number of tokens in order to be able to provide liquidity to a certain liquidity pool
  • Tokenomics
    • Token symbol: ZKSP
    • Total supply: 60,000,000
      • 32.75% — Presale (100% TGE)
      • 7.25% — Private sale (100% TGE)
      • 10% — Initial liquidity
      • 9% — Team (4 years linear vesting)
      • 10% — Development fund (50% TGE, then 6 months linear vesting)
      • 5% — Marketing + advisory (50% TGE, then 6 months linear vesting)
      • 20% — Liquidity incentives (5% TGE, then 12 months linear vesting)
      • 6% — Ecosystem rewards (50% TGE, then 12 months linear vesting)
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