ZKX Price (ZKX)

What Is ZKX(ZKX)?

ZKX is the first perpetual futures exchange on StarkNet with self custody and true community governance. The protocol is designed to provide further scalability with a decentralized node network, an elevated trading experience and offer perpetual swaps and derivatives to any user on Starknet and Ethereum. ZKX’s mission is to democratize access to global yields through its offerings to anyone, anywhere.

How Does ZKX Work?

ZKX token holders can stake their tokens to gain access to digital shares of ZKX, which is linked to both governance and protocol rewards.

The community has a chance to earn USDC revenue from the ZKX DAO by trading, staking, providing liquidity, or becoming a node provider The more actions a stakeholder performs, the more digital shares of ZKX he will accumulate. Each digital share equals one vote, allowing holders to participate in the DAO and shape the protocol's direction. However, these tokens are non-transferable and non-tradeable.

This governance mechanism aims to incentivize positive behavior and promote long-term growth. The benefits of holding digital shares include access to protocol fee revenue, discounted trading fees, and unlocking premium features in the exchange.

What Is ZKX Token?

ZKX Token is your key to governance and rewards. In designing the tokenomics, the core aim was to foster reciprocity for the value created by the users and institutions contributing to the exchange. As a result, the $ZKX token is the platform's governance token, and staking the token unlocks governance power, protocol's revenue in USDC, and long-term benefits for the community. 

• Trading. Trading is incentivised via a gamified rewards distribution algorithm called High Tide.
• Staking. By staking ZKX tokens in a time-locked pool, you gain access to the protocol's revenue share in USDC. Your share of the revenue depends on the duration, quantity of tokens locked, and the percentage of the protocol's revenue distributed to the staking pool, which the community will decide. This token lock-up incentivizes ZKX's growth and enhances its value accrual mechanism.
• Voting. Staking $ZKX grants access to Digital Shares of ZKX (Soulbound). The duration and quantity of tokens staked directly influence your governance power within the ZKX DAO. The governance power enables you to shape the direction of the DAO and delegate any parameter or function within the protocol to any qualified team that wants to become a sub-DAO of ZKX. 

ZKX (ZKX) Community

• Twitter: https://twitter.com/zkxprotocol
• Discord: https://discord.gg/jvvjiykh
• Telegram: https://t.me/zkxcommunity