ZKFair (ZKF) is a zero-knowledge, proof-based Layer 2 platform that aims for complete decentralization and sharing of all revenues with its users. It operates on the Polygon CDK and Celestia DA, powered by Lumoz, a ZK-RaaS provider, and utilizes stablecoin USDC as the gas token. ZKF ensures 100% EVM compatibility, exceptional performance, minimal fees, and robust security, with a total supply of 10 billion tokens.
ZKFair (ZKF) is the utility token for the ZKFair project, a Layer 2 scaling solution for Ethereum. The token serves two primary functions: staking and governance.
StakingUsers can stake their ZKF tokens for a chosen period, ranging from a week to a year. The longer they stake, the higher their rewards. Stakers earn a share of the network’s gas fees, with 75% distributed proportionally among them based on the number of tokens staked and the duration of staking. This feature allows users to earn a steady stream of ZKF tokens through the dividends acquired from gas fees.
GovernanceZKF tokens are also used for governance purposes, enabling users to participate in decision-making processes within the ZKFair community. This ensures that the project remains community-driven and that users have a say in its development and direction.
Trading and AvailabilityZKF tokens are available for purchase on both centralized and decentralized exchanges, such as gate.io and Bitget. Users can trade ZKF tokens on these platforms, taking advantage of various payment methods and promotions.
To store ZKFair (ZKF) tokens securely, you have several options:
TokenPocket Wallet:
- Open the TokenPocket APP or use the Chrome Extension.
- Click on the upper right corner and select ZKFair.
- You can either create a new wallet or import an existing one.
- Follow the prompts to set up your wallet, including setting a password and backing up your secret recovery phrase.
MetaMask Wallet:
- Open MetaMask and go to the "Add network" page.
- Enter the required details for ZKFair and click "Save" to add the network.
KuCoin Account:
- You can store your ZKF tokens directly in your KuCoin account, which provides quick access to trading products like spot and futures trading, staking, and lending. Ensure you set up a strong password and upgrade your security settings.
Non-Custodial Wallets:
- For maximum security and control, you can withdraw your ZKF tokens to a non-custodial wallet, such as a hardware wallet, Web3 wallet, or paper wallet. This option gives you complete control over your private keys but may be less convenient for frequent trading.
Hardware Wallets:
- Ledger is a highly secure option for storing cryptocurrencies. Each hardware wallet comes with a seed phrase that acts as a key to unlock the wallet. It is recommended to store the seed phrase in a physical form, such as metal seed phrase storage solutions, for added security.
Remember to always prioritize security and keep your private keys and seed phrases safe to avoid losing your ZKF tokens.
To buy ZKFair (ZKF) tokens, follow these steps:
Choose a Crypto Exchange: Select a reliable cryptocurrency exchange that supports ZKF trading, such as KuCoin, CoinEx, Bybit, gate.io, or MEXC. Ensure the exchange accepts customers from your country and offers the necessary trading features.
Create an Account: Register a free account on the chosen exchange. Provide required personal information, including your name and email address. Complete the Know-Your-Customer (KYC) process if necessary to increase withdrawal limits and unlock additional features.
Deposit Funds: Deposit funds into your exchange account using various methods such as credit/debit cards, bank transfers, or other payment services. You can also buy a stablecoin like USDT first and then use it to purchase ZKF on the spot market.
Place a Buy Order: Navigate to the exchange's spot market and place a buy order for ZKF. You can set your investment budget and execute the trade.
Store Your ZKF: Once purchased, store your ZKF tokens in a secure wallet, either on the exchange or in a personal wallet. Keep track of your investment performance and adjust your strategy as needed.
By following these steps, you can successfully buy and manage your ZKF tokens.