What is ZKX (ZKX), Products, Main Features, and Tokenomics

Bittime - ZKX is a trading platform that utilizes ZK-Rollups technology. Understand how ZKX works and discuss details including products, main features, tokenomics, and comparison with competitors.

What Is ZKX (ZKX)?

ZKX (ZKX) is a Layer 2 rollup solution designed to improve the scalability and privacy of the Ethereum blockchain.

ZKX utilizes Zero-Knowledge Proof (ZKP) technology to verify transactions without disclosing transaction data publicly.

The technology provides a scaling method for blockchain that enables efficient processing of large amounts of transactions while maintaining data security and privacy.

This allows ZKX to process more transactions with lower fees and higher privacy compared to the Ethereum Layer 1 blockchain.

Key Products & FeaturesZKX (ZKX)

ZKX provides a variety of products and features designed to enhance the digital asset trading experience on a decentralized platform. Here are some of the products and their main features:

1. Pro-Trade

This product will provide facilities to users where you can trade professionally with various advanced tools.

There are various types of market orders as well as efficient margin mechanisms. This product will also provide daily competitions and various prizes non-stop 24/7.

2. AND Trade

OG Trade products will provide experience in trading. Later, there will be several competition features, leaderboards, ZKX Clans, to generate NFT clans and other benefits.

Apart from that, there are also volume and loss badges features. All of this can be done in a competition that will run on a rolling basis every 30 minutes.

3. $ZKX Token

Here, you can stake to make profits in ZKX instead of USDC. You can also monitor the profits you have made. This product is not yet active, it will be available in 30 days.

4. Social Pools

Here you can trade with other friends. You can copy the traditions you want, subscribe to exclusive pools, and compete with other clans. However, this product is not yet available.

5. Prediction Markets

This product is still not available. Later, you can have discussions related to technology, culture, politics and various things that are currently happening.

What is ZKX Token?

ZKX is the native token of the ZKX platform which is used for various functions, such as:

• Paying transaction fees: Users need to pay transaction fees with ZKX tokens to use the ZKX platform.
• Participate in governance: ZKX token holders have voting rights in decision making regarding the ZKX platform.
• Get rewards: Users can earn ZKX tokens by participating in staking or other incentive programs.

Tokenomic Token ZKX (ZKX)

The total supply of ZKX tokens is 100,000,000. The distribution is an allocation for teams and investors of 50%, for public sales of 30%, and for platform and community development of 20%.

ZKX (ZKX) Fundamental Analysis

ZKX uses advanced ZKP technology to achieve high scalability and privacy. The ZKX team consists of experienced developers and researchers in the field of blockchain and ZKP.

ZKX has an active and enthusiastic community that supports the development of the platform. ZKX has received support from well-known investors in the blockchain industry.

Comparison of ZKX (ZKX) & Competitors

Below is a comparison of the ZKX with several competitors.

Opinions about ZKX (ZKX)

Experts in the blockchain and ZKP field have an optimistic view of ZKX (ZKX). They see ZKX as a promising solution to address the Ethereum blockchain's scalability and privacy issues.

Experts also praised ZKP's advanced technology and the experienced development team behind ZKX.

Conclusion

ZKX (ZKX) is an innovative Layer 2 rollup solution with the potential to improve the scalability and privacy of the Ethereum blockchain.

ZKP's advanced technology, experienced developer team, and active community make ZKX an interesting project to consider.

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Study Complete Guide How to Buy Crypto on Bittime.

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