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ZKX, the pioneering Social Perpetual Trading Decentralized Exchange (DEX) built on Starknet and Ethereum, has announced the successful raising of $7.6 million in total funding. The capital was secured through a strategic round comprising key investors such as Flowdesk, GCR, DeWhales, as well as previous backers like Hashkey, Amber Group, Crypto.com, and StarkWare.
This significant influx of capital will facilitate the accelerated expansion of the ZKX Protocol. New features on the horizon include social copy trade pools and a notable advancement into cross-chain interoperability. These enhancements align with the platform’s vision to make perpetual swaps engaging and accessible for all users. The protocol aims to make trading a social experience through gamified trading battles of perpetual futures, utilizing its appchain to provide unmatched scalability and high-speed APIs.
In a milestone development, ZKX has launched its native governance token, $ZKX, on major exchanges such as KuCoin, Gate.io, and Bitget. The $ZKX token empowers users and community members to actively participate in shaping the protocol’s future direction. Eduard Jubany Tur, Founder at ZKX, expressed his enthusiasm, stating, “Two years ago, we launched ZKX with the goal of making DeFi accessible and social. Today, we celebrate a major milestone with the launch of the $ZKX token. This token isn’t just a digital asset; it’s a way to reward the incredible contributions from our community members, users, and partners. It will play a key role in governance, staking, and growth of the ZKX ecosystem. We deeply appreciate the support of our investors who believe in our vision. This milestone marks the beginning of a transformative year for ZKX and our users.”
Parallel to the token launch, ZKX is rolling out staking and airdrop initiatives. Starting on June 19th, users can stake $ZKX to earn a share of the platform’s revenue. The staking plans are designed to foster a stable and committed user base, which is crucial for the platform’s long-term growth and sustainability. Additionally, an airdrop will reward active community members and early adopters, with 33% of the total 100 million tokens being unlocked at launch.
Looking ahead, ZKX aims to further its expansion across multiple Layer 1 (L1) and Layer 2 (L2) blockchain ecosystems in 2024. These efforts are expected to solidify ZKX’s presence and integrate its innovative trading solutions within the broader decentralized finance landscape.
ZKX combines the efficiency of centralized exchanges with the self-custody and trust inherent in decentralized finance (DeFi). By leveraging its appchain, ZKX offers unparalleled scalability and high-speed APIs, positioning itself at the forefront of where SocialFi meets DeFi. For more information about ZKX, visit https://zkx.fi/.
