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ZKFair Price

(ZKF)

AUD(A$)

Note: This cryptocurrency has not yet been officially listed on KuCoin.

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ZKFair (ZKF) Live Price Chart

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    ZKF(ZKF) Profile

    altRank2979
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    ATH
    A$0.03536
    Price Change (1h)
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    Price Change (24h)
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    Price Change (7d)
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    Market Cap
    24h Volume
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    Circulating Supply
    10B
    Max Supply
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    About ZKFair

    • What Is ZKFair (ZKF) Crypto?

      ZKFair provides a community-owned Layer 2 solution using ZK-Rollup technology. ZK-Rollups are a scalability technique that enables transactions to be verified on a second layer while maintaining the security and decentralization of the main layer.

      ZKFair distinguishes itself as the first ZK-Rollup project that is 100% fair, transparent, and democratic. It distributes all its tokens and profits to the community, setting it apart from other ZK-Rollup projects that profit from user transaction fees without offering reciprocal rewards.

      ZKFair is based on the Polygon CDK and Celestia DA and is powered by Lumoz, a ZK-RaaS (Zero-Knowledge Rollup as a Service) provider. It uses the stablecoin USDC as its gas token and ensures full EVM (Ethereum Virtual Machine) compatibility, offering exceptional performance with minimal fees and robust security.

      The ZKF token, which is the governance token of ZKFair, allows holders to participate in the decentralized governance of the platform. This includes electing Community Governance Representatives and making decisions on major matters. Token holders are also entitled to a share of the Layer 2 gas fees.

    • How Does ZKFair Work?

      ZKFair (ZKF) is a community-owned Layer 2 (L2) solution based on ZK-Rollup technology. This technology is increasingly recognized in the Ethereum ecosystem for its scalability enhancements and the ability to reduce transaction costs. ZK-Rollup works by bundling and processing transactions off-chain, which enhances efficiency and security in blockchain operations.

      The uniqueness of ZKFair lies in its commitment to fairness, transparency, and community-driven governance. Unlike most ZK-Rollup projects that profit from users' transaction fees without offering them substantial returns, ZKFair aims to return these benefits to its users. This approach is facilitated by a governance structure that allows token holders to participate in decision-making, fostering a more equitable and decentralized ecosystem.

      ZKFair's operation is powered by Lumoz, a ZK-RaaS (Zero-Knowledge Rollup as a Service) provider, and utilizes the stablecoin USDC as its gas token. It ensures 100% EVM compatibility, offering high performance with minimal fees and robust security. The platform is built on Polygon CDK and Celestia DA, focusing on creating a fair-initiated ZK-L2 platform driven entirely by the community, not a centralized entity.

    • History of ZKFair and ZKF Coin

      ZKFair (ZKF) launched its testnet on December 7, 2023, followed by its mainnet launch on December 20, 2023.

      ZKFair, in its roadmap and strategic plan, aims to achieve a significant milestone of reaching a valuation of 10 billion dollars. This ambitious goal is part of a comprehensive strategy to propel ZKFair, a community-centric Layer 2 blockchain project, to new heights.

      A key aspect of this strategy is rethinking its profit distribution system to stand out in the crowded Layer 2 space. The current distribution model allocates 75% of profits to stakers and 25% to dApp developers. However, this standard model is seen as insufficient in stimulating ecosystem growth or dApp development, which are crucial for long-term sustainability.

      The proposed modified distribution for the Kickstart Phase aims to balance the ecosystem's needs better. It includes reducing the stakers' share to 20%, increasing dApp developers' share to 30%, and introducing allocations for ZKFair Mainnet Development (15%) and an Ecosystem Fund (35%). The Ecosystem Fund would further support various initiatives such as marketing, education, community management, legal and financial oversight, strategic planning, and maintaining a reserve for emergencies and innovation.

      This modified distribution approach aims to energize the development of dApps, support mainnet developers, allocate resources for marketing and educational initiatives, maintain a robust community, and facilitate strategic planning and innovation. This comprehensive approach underscores the importance of stakers in ZKFair's ecosystem, not just as beneficiaries but as key stakeholders contributing to the platform’s strategic direction and long-term success.

    • What Is ZKF Token Used for?

      The ZKF token serves several key functions in the ZKFair ecosystem:

      1. Governance Token of ZKFair Network: ZKF token holders have the right to participate in ZKFair's decentralized governance. This includes voting rights in the election of Community Governance Representatives and decision-making on major matters concerning the ecosystem.

      2. Gas Fee Airdrop: A significant portion of ZKF tokens, about 7.5 billion out of the total 10 billion supply, are distributed through a Gas Fee Airdrop. This mechanism incentivizes participation and fair distribution among users based on their contribution to gas fees.

      3. Community Airdrop: Another portion, 2.5 billion ZKF tokens, is allocated for the Community Airdrop. This airdrop aims to reward various contributors and loyal users of the ecosystem, enhancing community engagement and participation.

      4. Profit Distribution: ZKF token holders are entitled to a share of the Layer 2 gas fees, aligning with the project’s principle of fair and equitable profit distribution.

      5. Ecosystem Incentivization: The token is also used to incentivize and reward various ecosystem participants, including developers and users, thus fostering the growth and development of the ZKFair ecosystem.

      6. Trade ZKFair Token on KuCoin: Trade ZKF crypto on the KuCoin Spot Market against other cryptocurrencies to make the most of changing market conditions and volatility. Buy or sell $ZKF or HODL if you believe in the long-term potential of ZKFair, Layer-2 networks, and ZK-rollup technology. Ensure that you undertake trading decisions in the crypto market only after doing your own research (DYOR).

    FAQ

    What Is ZKFair Tokenomics?

    The total supply of ZKF tokens is 10 billion, with 2.5 billion airdropped to the community and the remaining 7.5 billion generated through gas fee airdrops after the mainnet launch. There will be no further issuance of ZKF tokens beyond this.

    The Community Airdrop focuses on rewarding various contributors and loyal users. At the same time, the Gas Fee Airdrop is designed to provide equal opportunities for users to acquire ZKF tokens based on their proportional contribution of gas fees.

    The Gas Fee Airdrop operates in four 12-hour phases, with a total of 7.5 billion ZKF tokens distributed. Each phase has a cap of 750K USDC in gas fees, ensuring a fair and equitable distribution process.

    Excess fees collected are refunded to users. The ZKF tokens become available for claiming after the airdrop, and unclaimed tokens after a certain period are left in the contract.

    Is ZKFair (ZKF) a Good Investment?

    Investing in ZKFair crypto presents several potential advantages, particularly due to its unique approach and features as a community-owned Layer 2 network:

    1. Community-Driven Governance: ZKFair's model emphasizes a decentralized governance structure. This means that ZKF token holders have a say in the decision-making processes, which could lead to more democratic and community-focused development paths.

    2. Fair and Innovative ZKF Token Distribution: The project adopts a "fair launch" strategy, with 100% of ZKF tokens being airdropped to the community, ensuring a more equitable distribution than traditional models influenced by venture capital.

    3. Use of ZK Rollups for Scalability: ZKFair utilizes ZK rollups, a technology that enhances blockchain scalability by bundling multiple transactions into a single proof. This technology is crucial for increasing transaction speeds and reducing costs, making the platform efficient and potentially more attractive to users and developers.

    4. Potential for High Growth: As a new entrant in the Ethereum Layer 2 landscape, ZKFair has growth potential, especially if it successfully leverages its community-driven model and technological advantages.

    5. Focus on Transparency and Fairness: By prioritizing transparency and fairness in its operations and token distribution, ZKFair aims to build trust and appeal within the crypto community, which could contribute to its long-term success.

    6. Innovation in the Layer 2 Space: ZKFair's approach to Layer 2 solutions, combining community governance with advanced technological solutions like ZK rollups and EVM compatibility, positions it as an innovative player in the blockchain space.

    What Is ZKFair Price Prediction?

    While it is challenging to offer an accurate ZKF price prediction over any duration, monitoring the following factors could help you understand the price changes in ZKFair coin:

    1. Market Demand and Supply of ZKF Tokens: The basic economic principle of demand and supply significantly influences the ZKF price. High demand with limited supply can increase the ZKFair price, while low demand can cause a drop in the ZKF to USD price.

    2. Overall Crypto Market Trends: The broader cryptocurrency market trends often impact individual crypto assets. Bullish trends in the market can support the price of ZKFair token, while bearish trends can cause weakness in the ZKF crypto price.

    3. Future Developments in the ZKFair Roadmap: Any updates, upgrades, or technological advancements in the ZKFair platform can affect the ZKF token price. Positive developments can lead to increased investor confidence and a higher ZKF coin price. .

    3. Community and Investor Sentiment: The sentiments of the community and investors, influenced by news, social media, and market analysis, can significantly affect the $ZKF price. Positive news and sentiment can drive prices up, while negative sentiment can lead to price drops.

    6. ZKFair’s Partnerships and Collaborations: Strategic partnerships or collaborations with other companies or blockchain projects can positively influence the ZKFair crypto price.

    7. Level of Adoption and Usage of ZKFair Network: The level of adoption and usage of the ZKFair platform in real-world applications can impact the ZKFair value. Increased adoption usually correlates with higher prices.

    8. Speculative Trading of ZKF Crypto: Like many cryptocurrencies, speculative trading can lead to price volatility in ZKF.

    How to Participate in ZKFair Airdrop

    To participate in the ZKF Airdrop for ZKFair, you need to interact with the ZKFair platform. The airdrops will be available for claiming after the conclusion of the gas fee airdrop program.

    This includes community airdrops for loyal users on Lumoz, Polygon zkEVM users, and other ZK-L2 users. You must connect your crypto wallet to the ZKFair platform to claim the airdrop.

    What is the all-time high price of ZKFair (ZKF)?

    The all-time high price of ZKFair (ZKF) is A$0.03536. The current price of ZKF is down -- from its all-time high.

    How much ZKFair (ZKF) is there in circulation?

    As of 8 12, 2026, there is currently 10B ZKF in circulation. ZKF has a maximum supply of --.

    How do I store ZKFair (ZKF)?

    You can store your ZKFair in the custodial wallet of a cryptocurrency exchange without having to worry about managing your private keys. Other ways to store your ZKF include using a self-custody wallet (on a web browser, mobile device, or desktop), a hardware wallet, a third-party crypto custody service, or a paper wallet.