ZKSwap Emergency Shutdown Simulation Has Started
Just to show and tell your funds are SAFE at all times
In the blockchain industry, the survival of the fittest is more like the survival of the most secure.
Emergency Shutdown Simulation: your funds are SAFE at all times because of Smart Contracts and ZK-Rollups Technology
The industry has witnessed many projects that shut down due to issues such as operational or security issues. So for the users, the security of their funds is paramount. Layer-2 dex is a comparatively new concept, so we want to simulate an emergency shutdown to showcase that your funds are SAFE.
December 24, 2020, Beijing time, we have shut down the services of ZKSwap as the beginning of the simulation.
During the three-day simulation, all functions and services on ZKSwap will be suspended, and users will not be able to perform any operations.
Thanks to ZK-Rollups technology and smart contracts, users’ assets on ZKSwap will always be locked in the layer1 smart contracts during the “shutdown” period, and no one but the user will have access to these funds. That’s the merit of a decentralized exchange and the security advantage of ZK-Rollups technology.
After 3 days of service shutdown, starting in the afternoon of December 27, 2020, users can freely withdraw all funds on ZKSwap to their personal Ethereum wallets.
The entire process of withdrawing funds does not require the participation and assistance of the ZKSwap team, a show-and-tell experience of the security of a ZK-Rollups based Layer 2 decentralized exchanges.
Users who successfully participate in this ZKSwap “Emergency Shutdown Simulation” will receive ZKS rewards! For more details on the event details, please refer to the announcement on ZKSwap official website: zks.org.
Oh, one more thing, you will need to have some balance in your layer2 wallet to participate! Have fun!
And You can find us here🥰:
ZKSwap Official Website: https://zks.org/en
ZKSwap APP: https://zkswap.app
ZKSwap Twitter: https://twitter.com/ZKSwapOfficial
ZKSwap Discord: https://discord.gg/ZRxS8fYTDv
ZKSwap Github page: https://github.com/l2labs
ZKSwap Official Telegram group: https://t.me/zkswapofficial