ZKSwap Reveals 28311 Burnt ZKS Token in July
Thank you for your continuous support and trust in ZKS. In this monthly token report, the
ZKSwap team has integrated a monthly ZKS-related content for your review.
In July 2021, ZKS burnt 28,311.445036 ZKS. As of July 30th, 2021, ZKS has completed four phases of token burn. As of today, ZKS combined has burnt over 770,000 ZKS.
As agreed in the ZKSwap Economic White Paper, the ZKSwap charges 0.3% of Layer2 Swap transactions as transaction fee, of which 0.25% are rewarded to liquidity providers and 0.05% are used as an agreement fee to repurchase ZKS on a regular monthly basis and the resulting ZKS will be burnt directly.
The current ZKS token in circulation is 223,450,000.
ZKSwap is a layer2 dex based on the ZK-Rollup technology and using the AMM model. And You can find us here🥰:
ZKSwap Official Website: https://zks.org/en
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ZKSwap Github page: https://github.com/l2labs
ZKSwap Reddit: https://www.reddit.com/r/ZKSwap_Official