Hi Swappers,
Layer2 DEX ZKSwap (ZKS) has completed the eighth token burn scheme on December 10th, 2021, with a total of 40,442 ZKS, worth about $17,390, burnt in the last month.
According to the ZKSwap economic whitepaper, ZKSwap charges 0.3% of all Layer2 Swap transactions as the transaction fee, of which 0.05% will be used as the Protocol fee to regularly obtain ZKS, and the ZKS obtained will be directly destroyed. Going forward, ZKSwap will carry out ZKS burning at the end of each month and issue corresponding announcements.
- Click here to check out burning details.
ABOUT ZKSwap
ZKSwap is a layer 2-based decentralized cryptocurrency exchange (DEX) using the ZK-Rollups technology with an automated market maker (AMM) model. ZKSwap V2 supports 0 gas fee transfer/transaction and unlimited token listing while increasing liquidity and ensuring the timely execution of orders. Through the upcoming V3, ZKSwap will introduce a series of NFT-centered features, further explore cross-chain deployment with BSC and Solana, implement EVM-compatible ZK-Rollups, and bring the community more layer 2-based products.
