Introduction to ZKL Token
The ZKL token is the cornerstone of the zkLink Protocol ecosystem, functioning as both a governance and utility token. This ERC-20 standard token, with a fixed supply of 1 billion, powers key operations across zkLink's layered networks while enabling decentralized decision-making.
Core Features of ZKL Token
Technical Specifications
- Token Standard: ERC-20 (Ethereum Mainnet)
- Total Supply: 1,000,000,000 ZKL (fixed)
- Cross-Chain Functionality: Majority of tokens will be bridged to zkLink Nova via its canonical rollup bridge, with bridged tokens locked in Nova's ERC-20 bridge contract
Governance Mechanism
ZKL holders on zkLink Nova network gain governance rights through:
- Snapshot Voting: Governance occurs via Snapshot platform
- Voting Power: Determined by ZKL balance on Nova network
Proposal Creation: Initially restricted to:
- Admins (manage space settings)
- Moderators (proposal management)
- Authors (unrestricted proposal creation)
👉 Learn more about decentralized governance
Utility Functions Across zkLink Ecosystem
zkLink Nova Applications
- Gas Fee Alternative: Users can pay transaction fees in ZKL at discounted rates
- Future Sequencing Rights: ZKL will grant access to Nova's decentralized sequencing network
zkLink X Infrastructure
- App-Rollup Licensing: Developers pay license fees in ZKL to zkLink DAO
Prover Marketplace: ZKL serves as:
- Payment token for ZKP generation services
- Required stake for provers participating in proof auctions
- Mechanism for service guarantees (with penalties for underperformance)
Token Distribution and Release Schedule
Allocation Breakdown
| Category | Percentage | Details |
|---|---|---|
| Community Treasury | 29.875% | Includes rewards, reserves, and dev incentives |
| Liquidity Reserve | 4% | CEX/DEX provisioning |
| Ecosystem Development | 22.5% | Grants, marketing, partnerships |
| Team & Advisors | 20% | 6-month lockup + 3-year vesting |
| Early Investors | 20.5% | Pre-seed, seed, private rounds |
| CoinList Sale | 3.125% | Public sale allocation |
Vesting Timeline
- Community Funds: Partial TGE release with staggered vesting (1-2 years)
- Team Allocation: 6-month cliff + 36-month linear vesting
- Investor Rounds: 3-5 month lockups + 27-month vesting
- Public Sale: 30% TGE + 9-month linear release
👉 Explore tokenomics in detail
Frequently Asked Questions
Q: How can I participate in zkLink governance?
A: Stake ZKL on zkLink Nova network to gain voting rights on Snapshot platform.
Q: What advantages does paying gas fees in ZKL offer?
A: Users receive discounted transaction rates when using ZKL for gas payments.
Q: When will team tokens be fully vested?
A: Team allocations follow a 6-month lockup period with 3-year monthly vesting schedule.
Q: Can ZKL tokens be transferred between networks?
A: Yes, through zkLink Nova's canonical bridge (with bridged tokens locked on Ethereum).
Q: How does the prover staking system work?
A: Provers must stake ZKL to participate in proof auctions, with penalties for unmet service commitments.