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ZKX 

May 17, 2024

Gamified platform for decentralized trading

ZKX project overview

Mass adoption of decentralized exchanges is quite challenging due to an inconvenient interface, a limited range of tradable assets, lack of fiat deposit/withdrawal options, and low market liquidity.

Decentralization is becoming one of the key decision-making factors for users actively engaging with Web3 and showing interest in decentralized finance.

On-chain solutions for trading derivatives are not scalable; they are prone to slippage, low transaction speeds, and lack of APIs, which serve as barriers to institutional and high-frequency trading.

With the collapse of centralized exchanges and the blocking of client accounts by exchanges, users are increasingly understanding the importance of self-custody of assets and products that combine liquidity and users from different blockchains.

ZKX — next-generation DEX that offers solutions to the main challenges faced by most decentralized trading platforms and does so in an exciting new gamified style.

ZKX addresses challenges with:

  1. Liquidity: a unified liquidity order book and instant order matching across different blockchains.
  2. Transaction speed: by utilizing zero-knowledge proofs (ZK proofs) and account abstraction.
  3. API: integration of an API similar to centralized exchanges.
API — software interface that allows different applications to interact with each other and exchange data.

Users no longer need to choose between performance and security.

Gamification

ZKX introduces a social element to using derivatives in DeFi. Users can now compete and trade with their friends and traders worldwide in a new way using:

  1. OG Trade Mode — trading competitions among trader clans.
  2. ZKX clans — guilds or clans for regular ZKX users, providing members with special NFTs for participation in airdrops and access to other benefits.
  3. Rewards from the Starknet parent blockchain in $STRK tokens.
  4. Referral program for guild organizers.
  5. Campaign on the Galxe platform for completing network tasks to earn $ZKX tokens.

Distinctive features of the ZKX platform:

  1. Starkway Bridge: easy transfer of funds from any Ethereum wallet to your ZKX account on Starknet, without bridge limitations.
  2. Full control over your funds — nly you have access to them.
  3. Gas-free trading on a fast blockchain, tamper-proof order books, and API.
  4. Earn rewards in $ZKX for every action in OG Trade and Pro Trade modes with leaderboards and daily competitions.

Futuristic exchange interface

A team of designers has professionally crafted the trading interface, making it look ultra-stylish.

ZKX offers two exchange modes tailored for different types of traders:

1.OG Trade Mode

A gamified mode suitable for short-term traders, scalpers, and swing traders.

Easy access to trading, competitions every 30 minutes, badge statuses, special NFTs indicating guild membership, and interactive leaderboards updated in real-time.

2.Pro Trade Mode

A wide range of advanced trading settings for experienced traders, with complex order types and API integration, designed specifically for seasoned traders and trading firms.

Special leagues for competitions every 24 hours, with rewards based on trading volume, profits, and losses.

The platform is fully operational and live on the mainnet.
Security has been audited by Nethermind.

ZKX protocol audit report https://media.zkx.fi/audit.pdf
Starkway bridge audit report https://media.zkx.fi/audit-nm0120.pdf

Team

An experienced team in venture capital, emerging markets, and technology scaling management.
Comprising 32 people from 7 countries, spanning from Bali to London.

Investors

ZKX has assembled a very strong investor lineup led by Hashkey Capital.

Hashkey Capital — renowned tier 1 fund, one of the largest venture capital funds in Asia, managing institutional assets since 2015, exclusively investing in blockchain technology and digital assets. They have over $1 billion in assets under management. Some of the most well-known projects in their portfolio include: Cosmos, Polkadot, Animoca Brands, Kava, Astar, DeBank, Mina.

Notably, the project has also been evaluated and invested in by well-known centralized exchanges — Crypto.com, HTX Ventures (Huobi), Gate.io. These exchanges, with their high level of expertise in trading and customer acquisition, have recognized the platform's potential and consider it very promising.

Another important investor — StarkWare, the parent company and developer of the Starknet blockchain, as well as other Ethereum scaling solutions like StarkEx, which are used by many third-party developers. This highlights the value of the ZKX project for the Starknet ecosystem and indicates strong support from their side.

Token utility

The $ZKX token: a key to platform governance and access to rewards.

$ZKX — the platform's governance token, and owning it allows for project governance, provides a share of the protocol's revenue, and offers long-term benefits to the community.

You can earn and use the $ZKX token on the exchange in the following ways:

Trading: Incentivized by the $ZKX token through a gamified reward distribution algorithm.
8% of the total $ZKX tokens will be distributed as rewards for trading competitions.

  • Staking: By staking ZKX tokens with a time lock, users gain access to a share of the protocol's revenue. The share of revenue depends on the duration of staking, the number of tokens locked, and the current yield of the protocol distributed in the staking pool. Long-term token locking encourages ZKX growth.
    30% of trading fees and 10% of liquidations will be distributed among $ZKX token stakers.
  • Voting: Staking $ZKX grants access to ZKX digital shares (Soulbound). The duration and amount of staked tokens directly influence governance authority in ZKX DAO, allowing users to determine the DAO's development direction and delegate any parameter or function in the protocol to any qualified team that wants to become a sub-DAO of ZKX. Protocol stakeholders, from traders to stakers, are represented in Liquid Governance—a concept to be detailed in 2024. Currently, it is known that Liquid Governance will enable voting not only for stakers but also for traders and market participants, instantly updating their voting weight according to the amount of assets used in trading.
    DAO governance will easily integrate into the main user interface of the platform, simplifying participation in the project's development.

Tokenomics

Распределение токенов
Инвестиционные раунды
  • Token ticker: $ZKX
  • Network: Starknet (Ethereum L2)
  • Total supply: $100m
  • Our round: Strategic
  • Token price: $0.50
  • Conditions: 0% TGE, linear unlock over 24 months, no cliff
  • The listing of $ZKX tokens will take place on June 6, 2024

The project launch is planned on the Fjord Foundry launchpad.
After that, the token will be listed on KuCoin and Gate.io exchanges.

Social networks & links

🌐 Website: https://zkx.fi/

📁 Documents: https://docs.zkx.fi/zkx-docs

🐦 Twitter/X: https://twitter.com/zkxprotocol

💻 Discord: https://discord.gg/jvvjiykh

💻 Telegram: https://t.me/zkxcommunity

💻 Blog: https://zkx.fi/blogs

💻 Medium: https://zkxprotocol.medium.com/

💻 LinkedIn: https://www.linkedin.com/company/zkx/

ZKX has one of the largest communities in the Starknet network and among L2 communities in general. It is a popular project with 69k followers on Twitter/X and 34k members on Discord.

A promising decentralized exchange with a wide range of social features that engage users in trading and communication. A large team of developers and serious investors led by the top-tier fund Hashkey Capital. An upcoming listing on exchanges and launchpads with favorable conditions for investors. We highly recommend adding this potentially high-growth project to your crypto portfolio.

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May 20, 17:48
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