Bybit Announces New Launch Pool for ZK Link: Earn Your Share of 7 Million ZKL Tokens
Bybit, a popular cryptocurrency exchange, has recently announced the launch of a new project called ZK Link. From now until July 29, Bybit users will have the opportunity to earn their share of 7 million ZKL tokens by participating in the launch pool. In this blog post, we will discuss what ZK Link is and how you can participate in the latest launch pool on Bybit.
What is ZK Link?
ZK Link is a project that aims to build aggregated rollups, which function as layer 2 solutions on top of both the Ethereum mainnet and its various layer 2s. The Nova platform of ZK Link is designed to solve the problem of liquidity fragmentation across different layer 2 solutions. With Nova, assets on different Ethereum layer 2s can be aggregated and traded. The platform utilizes zero-knowledge proof technology, providing low transaction fees and fast finality while still inheriting the security of Ethereum tokens on any layer 2 connected to ZK Link.
Features and Utility of ZKL Token
The native utility and governance token of the ZK Link project is called ZKL. The token has a supply cap of 1 billion tokens and is issued on the Ethereum mainnet using the ERC20 standard. However, it will also be accessible on the ZK Link platform. The ZKL token is used to access ZK Link X infrastructure services and pay for zero-knowledge computations. Additionally, it can be used to pay gas fees at a discount when conducting transactions on the ZK Link Nova platform. The token also plays a crucial role in the ZK Link Dow, which governs essential aspects of the ZK Link protocol. Holders of ZKL tokens will also have the ability to participate in a decentralized sequencing network that will be introduced to ZK Link Nova in the future.
How to Participate in Bybit Launch Pool for ZKL Tokens
If you are interested in earning ZKL tokens through the Bybit launch pool, the first thing you’ll need is a Bybit account. If you don’t have one yet, you can use the link in the description to sign up and receive up to a $5,000 bonus. Keep in mind that only users who complete the identity verification process with Bybit are eligible to participate in token farming on the Bybit launch pool.
Once your account is ready, you will need some ZK Mantle or Tether tokens to stake. If you already own these tokens, you can deposit them into your Bybit account. Alternatively, Bybit offers various ways to purchase these tokens using either crypto or fiat currencies. After verifying your account and loading it up with eligible tokens, you can proceed to the Bybit interface and select the “Trade” option from the top menu. Then, choose the “Spot X” section and navigate to the launch pool option. Here, you will find the available ZK Link farming pools. Depending on which tokens you want to stake, select either the ZK Mantle or Tether pool.
It’s important to note that the distribution of ZKL token rewards in the launch pool is as follows: 30% to ZK stakers, 20% to Mantle stakers, and 50% to Tether stakers. However, the number of tokens you earn will depend on the size of your stake relative to the size of the entire staking pool. The launch pool will close on July 29 at 12:00 p.m. UTC.
High APR Returns and Potential Rallies
Bybit has recently featured several launch pool projects, many of which have generated high triple-digit or even four-digit APR returns. For example, Pirate Perum and N, the three latest launch pools, each generated over 800% APR during their week-long campaigns. Furthermore, some projects experienced significant rallies after their respective exchange listings. Pirate Nation, for instance, gained about 90% since its launch pool concluded.
If you’re looking for other ways to collect free coins and tokens this summer, be sure to check out our video on the best crypto airdrops to get started.
Don’t Miss Out on the ZK Link Launch Pool
Bybit’s new launch pool for ZK Link presents an exciting opportunity for users to earn ZKL tokens. With the innovative technology and potential for high returns, participating in the launch pool can be a great way to engage with the ZK Link project. Make sure to create a Bybit account, complete the identity verification process, and stake your ZK Mantle or Tether tokens before the pool closes on July 29. Don’t miss out on this chance to earn your share of 7 million ZKL tokens!