- zkSync ID propounds a decentralized digital identity solution, harnessing zk-rollup technology.
- Through zkSync ID, users acquire decentralized IDs with .zksync and .era extensions that boast perpetual validity.
- The platform also introduced a unique on-chain referral system, offering genuine yield to its users from the generated revenue.
Explore the groundbreaking technology behind zkSync ID, a decentralized digital identity solution built on zk-rollup. Discover how you can buy its native token, ZKID, and unlock a plethora of features.
What is zkSync ID (ZKID)
As the paradigm of the digital space shifts towards Web3 and decentralized technologies, there’s a pressing need for decentralized digital identity systems. zkSync ID is a pioneering solution in this space, providing a decentralized identity and login framework that harnesses zk-rollup benefits. This ensures not just transactional security and scalability but also reduces the computational load on the Ethereum network. The value proposition of zkSync ID doesn’t end there; it’s amplified by its marketplace where users can exchange unique ID collectibles.
How to Buy zkSync ID (ZKID)
- Initiate by setting up an account on our advocated exchange platform.
- Proceed with a deposit, either with a compatible cryptocurrency (like USDT) or fiat (USD, GBP, EURO).
- Locate the zkSync ID (ZKID)/USDT trading pair and make your purchase.
- Upon a successful order, always ensure your ZKID tokens are stored safely in a trusted digital wallet.
Token Economics of zkSync ID (ZKID)
At the heart of zkSync ID is its foundational belief in equitable practices, transparent community engagement, and sustainable growth. The team eschews any token allocation, committing 100% of the supply to the community, thereby democratizing its governance. The ZKID token has a capped supply of 100 million, with no plans for further emissions. Such design ensures a non-inflationary environment, fostering long-term trust and alignment of stakeholder interests.
Here’s a snapshot of the token distribution:
- Marketplace incentives: 10%
- CEX reserves: 5%
- Early Contributors: 25%
- Protocol owned liquidity: 10%
- Liquidity Mining Rewards: 20%
- Seed sale: 10%
- Private Sale: 15%
- Public Sale: 5%
Applications of zkSync ID (ZKID)
Being the keystone of the zkSync ID ecosystem, the ZKID token finds multifaceted utilities. From availing real-yield from the platform’s revenue to playing an integral role in governance through voting rights, the token’s significance is unparalleled. The platform’s proactive reward system ensures community members get their due recognition, while future utility launches promise further token engagement and dynamism.
Pros and Cons of zkSync ID (ZKID)
While zkSync ID offers a decentralized digital identity solution, boasting scalability and security, it’s vital to assess both its advantages and limitations before diving in.
Future Price Predictions for zkSync ID (ZKID)
Given its innovative approach and foundational ethics, zkSync ID might become a beacon in the world of decentralized identity systems. However, as with all investments, it’s crucial to perform due diligence.
Detailed Insights on zkSync ID (ZKID)
With its focus on community empowerment, transparent tokenomics, and its myriad of token utilities, zkSync ID exemplifies the spirit of decentralization. The platform continues to innovate, ensuring it remains at the vanguard of the decentralized identity movement in the Web3 era.
Conclusion
In an evolving digital world, zkSync ID’s commitment to decentralized identity systems promises not just a secure and scalable solution but a future where digital identities are more than just digital strings – they become assets, communities, and more.
