hi everyone thanks for joining today and this is Tim the host for today's Kucoin
and Farsight Chat and head of social operations here at Kucoin and today we have
ZK fair with us and I'd like to invite Alvaro who is a core community
contributor and we'll be going over how ZK fair emerges victorious with its fair
launch strategy so Alvaro why don't you start off as always by just giving a
high-level intro to your personal background as well as what ZK fair is
yeah absolutely thank you so much Tim for for having me here today so my name is
Alvaro Fernandes I'm one of the core community contributors at ZK fair and
it's it's very exciting to be here it's been a few weeks since we have been
launching our token recently even more since our mainnet launch of the month
already and we're very excited about how things are shaping up especially
with ZK fair's recently enabled launch pool as well but we will be getting
deeper on all these things right in general what I can introduce about ZK
fair is that we're the first community first layer 2 environment that has
completely fairly launched not only the mainnet but also its token the first
ZK environment as well which in essence is the first polygon CDK environment that
is also integrating with Celestia for data availability purposes utilizing USDC
as a custom token and essentially enabling bringing completely a new
paradigm for what community and developers are given the business model
that's all already embedded into ZK fair as well which is quite interesting and
that will be speaking a bit more at a later stage as well but the way you
can think about it is that essentially there's a profit distribution or a
revenue share being given back to the community instantly based on the
profitability of the layer 2 in itself
got it that's a extremely concise introduction but I'd love to just dive
deeper into this concept and why is you know you why are you guys so innovative
in sort of this distribution method of your tokens I see that you guys gain you
know significant market attention with with this approach specifically the gas
fee airdrop as part of your you know fair launch strategy can you just walk
us through I think some people in the audience might be newer to this
approach so explain why this is so novel and what sort of the rationale
behind this design of ZK fair yeah absolutely so if you're going to L2
beat for example which is a great overview about how many and which kind
of L2s there are currently out there you're gonna see that we're already
talking about the dozens and dozens of different layers right there's
optimistic roll ups there's ZK roll up environments there's custom roll ups
coming up but there's none of them that has ever come up and said hey we as a
layer 2 are gonna be actually sharing all the profitability of this L2 back to
our community and that's where everything started right because if we
talk about profitability about layer 2s there's one concept that needs to be
understood profitability as of the the gas cost from the from the whole
community that is utilizing the layer 2 versus the cost of securing the roll
ups down to a base layer like a theorem in this case or if you're
utilizing data availability layers such as Celestia or others are not one-to-one
so what you're essentially seeing and you will be able to see that with
different roll ups right if so to give the example of arbitrary and ZK think
there's different profitability as well what you're seeing is essentially the
first roll up setup or environment which is saying hey guys this profitability is
directly going to be created back to the community and it's going to be
directly created back in a very unique way and that unique way is essentially
that stakers of CTF tokens which have been already issued and there's no
further inflation will in perpetuity receive part of that profitability from
the rule up specifically 75% and even further if we actually talk about
development teams that are interested in deploying in ZK fair and here comes
the interesting incentive and why for one of the reasons why the ecosystem is
turning so vibrant at the moment is really because there's a cash flow
incentive for developers as well instead of being based on different
grant methodologies and different bribing structures what we're having is
that's part of the profitability of the layer 2 in itself is also directly going
to developer teams that are deploying successful protocols and that's basically
basically set based on the usage as well so the 25% remaining of you as the
CEO of hard cash in this case which is being credited or distributed back to
the community is directly going to builders to development teams that are
building those protocols that are being utilized on a daily basis on ZK fair so
there's something that has never been presented and it's a first time and
also together with the with a token distribution which also happened on
day one and actually happened as a fair distribution and that fair
distribution you already mentioned to him as well was the was airdrop farming
that we were having that was based on the gas fees eventually right so it's
very simply based on utilization of the protocol there was a period in time
within December where the utilization or all the community members or
participants essentially the users that were participating in utilizing ZK fair
were becoming eligible to eventually be part of the distribution of the of the
ZK fair token in itself and that's exactly what happened initially we're
having the thought process of having three million first come first serve
distribution for for USDC consumption of gas fees but we instantly saw that it
was not really the the best approach we were actually getting quite spammed
from from an RPC perspective where somebody was probably trying to you
know too many people trying to eventually join in but that was very
interesting because the community in itself decided to suggest an adjustment
for for this and have a percentage based distribution which we quickly
eventually adjusted and that's exactly what you saw late December for the
distribution of ZKF token where essentially over a hundred million
dollars were being pledged in gas fees to be able to participate on that fair
distribution and the distribution of the token was still down on a four million
fully diluted valuation so that's essentially part of the of the fair
launches and part of the reasons why we are where we are today sitting at
pretty much quarter of a billion in TVL and having the the vibrant ecosystem
that we're having great Alra I'd like to you know know more about sort of I'd
like to zoom out a little bit and know your thoughts about just fair launches
in general and you know this year's we've seen sort of a shift towards fair
launches particularly with inscriptions and sort of a shift away from sort of
these task-based airdrop methods that we've been seen in the past and I
think they're also drawing some criticism so I'd just like to hear your
thoughts about this rising narrative of fair launches overall and its potential
impact on you know the future of token distribution yeah absolutely actually I'm
I'm really not sure I mean I would tend to say that ZKF really marked the
precedent in terms of fair launches because what we're starting to see is
it's really a situation where different L2 environments and I wouldn't be
surprised about this stood or could be going for for this kind of setup because
of the results that we're seeing specifically at ZKFare and that's
exactly what's happening at ZKFare as a layer 2 as well right so the whole
community is not only quite keen to have received an opportunity such as the
fair distribution of the ZKF token but we have already seen how within the
governance forum that we have within the foreign topics that were being
discussed the most actively there was a large interest for maintaining what's the
ethos within this community rights and given the strong hints for for this
eventually as well this is something that many developer teams have been
eventually looking out for as well so what this resulted into is things like
third-party protocols such as side swaps such as fairstike and some of
the other ones that are actually upcoming deciding to launch in what's what we
call a fair mode okay and if you go into the into the fair launch pool on
the on the homepage of ZKFare you can see this directly but what you're seeing is
already protocols of development teams that are building natively on ZKFare
that are launching in in fair mode in this fair launch booth right and the way
that this is being done it's being credited not only based on usage or
participation within the protocol but also based on the on the ZKFare
holdings and staking right so what you can see is a very very strong
interaction but between what's new protocols eventually arising and then
trying to cater towards what the community actually wants to see which is
the fair launches right and this is eventually bringing them into a pretty
good potential setup situation where the the fair launch or the fair launch
pool in itself is actually bringing some very interesting metrics for for
these third-party protocols because it's bringing in adoption users and
cash flow and I'm gonna explain this very briefly but adoption and usage is
essentially coming from the fair launch pool in itself where the
community at ZKFare is interested in staking in participating in the
protocols for the fair launch in itself and then the cash flow is coming in
where given the usage of the protocol itself as I was mentioning earlier usage
is also creating a cash flow back to developers based on the profitability of
the roll-up and this is directly in USDC right so the setup that you're
having for these protocols is quite interesting and it's quite a unique
selling point where we're talking about different ways of launching your
potential protocol and honestly I haven't seen any any other setups
eventually out there that could really bring in those key metrics at that
specific stage that's so important for protocols for development teams to
eventually achieve right what we're talking about the users adoption and
cash flow so yeah fair launches is indeed a very interesting narrative shift
that we're seeing and at least from the from the core roots of ZKFare
we're seeing that there's not only something that's happening fairly often
but it's core really embedded into the into the roots of what ZKFare is
actually having as an ethos got it and one other thing I'd like to touch on
Alvaro is how you know your native token ZKF plays a role in your
ecosystem can you double click into how ZKF fits into the ZKFare
blockchain ecosystem and how it contributes to that ecosystem
yeah absolutely and I'm glad that you brought this up because this is something
that needs to be quite well understood most of the times with different
protocols with different even layer two environments right what you're having as
a token is is a very different token distribution what you're having is
really a situation where there's a large percentage is going to investors
or going to a big foundation or treasury that's being maintained right in in this
case what we're talking is about a hundred percent distributed on day one
right okay so what needs to be clearly understood is that ZKF has no further
issues every single thing was already been issued was already being distributed
and there's no further inflation to be coming up okay so that's one of the key
differentiations there's no unlocks either no investors no foundation no
treasuries no nothing what you're having is a certain set of core
utilities for those who were interested at the time in participating on the
distribution or those who eventually purchased or are going to purchase in
secondary market to eventually obtain exposure for the ZKF token that can
essentially have a very unique selling point which in this case is in
perpetuity and I repeat this is eventually forever that the situation
with ZKF is actually a profitable environment holders of ZKF that I'm
interested in staking their ZKF tokens are enabled to actually be exposed to the
to the success of ZKF as a layer two so what you're having is essentially the
option to stake your tokens and in perpetuity receive a part of that
profitability of the layer two and there's a selling point which I believe
that no other really no other layer two is has been able to offer right because
what you're seeing mostly at Moses is really governance tokens that enable you
for participation which this of course by default you're having with ZKF
given the core community contributions and the and embedded community in itself
or for ZKF but what you're having is an actual exposure for participation into
what's the profitability of the layer two something that you've never had
before and beyond this what you have really with the profitability is also in
perpetuity just just to remind on this regard and beyond that you're not
having the additional distribution nor the inflation at all so this is a very
interesting concept to eventually be having in mind for for anybody which
is interested in having a potential exposure into what's one of the
fastest-growing layer twos out there I'm currently shifting to a side of
quarter of a billion in TVL in the top ten based on TVL and yeah I mean
sticking eventually ZKF is one of the more core situations at the moment for
the profitability in USCC but you're seeing already quite a few side
utilities as well such as the launch pool in itself right where different ways
of engaging with ZKF can eventually credit you that airdrop or that
contribution to be able to receive a stake into different launch pool
protocols such as fairstake such as side swap and such as some of the other
protocols that are eventually coming up as well awesome and you know Alvaro I
think you touched on this a little bit before but we've obviously seen you know
a proliferation of different layer two projects and different layer two
solutions you mentioned some already what sort of is the reason you know
behind this proliferation what's driving this as well as you know do you do you
think there's a need for so many layer twos out there quick question Tim so
you're talking about the proliferation of ZKF as a layer two or the proliferation
of different layer twos in in the latest year the latter so different layer two
projects yeah so I believe this is a big reason to to be understood as well
given the fact that technological innovation is coming to a stage where
solution providers and infrastructure providers such as the ones that enabled
us at ZKFare to be able to build what we did are essentially production ready to
be able to provide the necessary tools to to build layer two environments such
as the one that we built at ZKFare and for this specifically I mean our launch
partners we've been quite verbal about this and collaborating quite openly with
them are essentially polygon with their chain development kits LUMOS with the
implementation provision or solution provision that they are doing for
polygon in this case and Celestia for data vulnerability purposes right without
these key infrastructure providers and solution providers you cannot really have
what you're seeing with ZKFare or with other L2 environments and
ZKFare in this case was a first of its kinds where it was not only the first
solution that LUMOS was launching in this case with a decentralized proven
network but also the first chain development kit for polygon as well
right but essentially what I'm trying to explain here is that we're getting
to a stage in time where production readiness to be able to modularize and
built with your own layer twos is actually here and this is the living
proof being ZKFare of that right one of the pioneering layer twos was
actually one of the first modularized layer twos that have been built with
this structure because I can tell you one thing that's ZKFare eventually
before to have been focused on reinventing how you're gonna build a
layer to how you're gonna be building a blockchain in the end that would be
taking so much bandwidth and so much focus from as being able to focus on
things like reinventing a token economy reinventing a profit distribution model
that can actually incentivize the community thinking about how you can
eventually prioritize a community within the layer to environment thinking
about fair distributions fair launch pools and so on and so forth right so
being able to have a solution providers or infrastructure provision that actually
enables you to build the backbone or the or the architecture of what you want
to build and then you eventually as a team are choosing about the
customizable features such as having you as you see as a custom token or such
as having different components such as the Silesia as a data availability module
you can eventually go through the selection of it have the deployment
executed and focus on what matters the most which is token economy which is
product which is development which is community etc etc etc etc and that's
exactly what you're seeing today now the interesting part is that you can
be modularizing and building a lot of different layer tools but you still
need to have a clear selling point you still need to clear have a clear
unique unique selling points a market niche that you're eventually catering and
an interesting model to be and to be able to offer right and what we have
seen with CK fair is specifically that the fair launch that the distribution
that the decentralization and the fairness of everything in this regard
from day one has been quite crucial to pivot on being able to onboard the
community the TPL and the metrics that you're seeing today with CK fair as
well I hope that helps amazing you know Alvaro in terms of all
these different L2 out there can you just re-emphasize what you guys what sets
you guys apart from other layer 2 projects particularly in terms of you
know addressing challenges within the layer 2 ecosystem and how do you guys
sort of position yourself in this sort of competitive landscape
yeah absolutely so I'm just going to take for example the top 10 by TBL
which we're talking about arbitrum optimism manta base meta zk sink mantle
duodx zk fair and mutable X for example right these are the top 10 current
layer 2 spy TBL if we look at all of them there is to begin with not a
single zk roll up except for duodx and zk fair in the situation and zk sink
right these zk environments none of them have their own token none of them are
having a situation where there are general purpose environments that have a
fair leverage nor a fair token and if we go even further right the optimization
that you're having from a zk standpoint is only on the fewest of the top 10
right this is something that's embedded in the core of CK fair but if we go
further about that fair distribution about that profitability revenue share
that I was mentioning that's the first of its time that's something that you're
not seeing on any of these other role of environments as well having custom
gas economies in the sense of having USDC to be able to be settled which once
again it gets quite interesting specifically for interacting and
determining profitability on different endeavors and methodologies for
engaging with DeFi protocols right so things like yield farming and so on
can get quite precise when you're talking about settling gas fees for
cost estimations in USDC that's another one that suffers it's kind that
you're not really seeing on the top 10 at all right and if we go even
further right so the whole narrative about fair launches that's really
something that's starting to emerge or being followed by some of the other
companions in terms of different L2s but once again the pioneer on this
case and it's really embedded in the name of CK fair directly fair launches
are really native towards the give fair and we're at first with with us as
well so I think there's quite a few unique selling points and quite a few
differentiation points as well especially if you look at the top 10
but what you're starting to see if I if I actually pin this back with with a
previous question a little bit more as well is that you're starting to see a
takeover of teams that are taking advantage of modularized L2s versus
teams that have been working on researching and development for years on
what it means or what it could be to build their own layer to and for this
I'm talking about teams like arbitrum teams like CK saying teams like
essentially teams that have been reinventing the wheel in terms of how
CK proves or optimistic roll-ups could eventually be operating right because
these have been dominating over the last year year and a half and what you're
starting to see is that these modularized L2s that have been built
with tools such as polygon CDK such as the decentralized proven network of
Lumos and such as the data availability solution from Celestia are actually
starting to take the top 10 right and that top 10 is actually being pitched
already by these different modularized L2s and this is something that I'm
expecting to see much more predominance because in the end what actually matters
in terms of the success or how you're catering towards the community is really
that the customization of a layer to what is the selling point what is the
what is the product placement that you're having and how you're actively
incentivizing the the community and being able to incentivize them with
everything that I was mentioning right in terms of not only fair launches but
also having the distribution of profitability back to users back to
developers having customization on the stablecoin all these things are things
that contribute to be able to eventually have a superior solution as well for
for for the community compared to more general-purpose solutions that you're
having out there I hope that helps got it and while you know launching a new
blockchain or let's say a layer 2 is relatively straightforward and I'm not
saying it's easy but it's it's more it's relatively straightforward I think you
know developing you know popular applications or fostering a sustainable
ecosystem and communities is less straightforward and far more challenging
so how do you guys plan on you know doing this and how are you guys
addressing sort of this issue from from your side in terms of harnessing and
maintaining a vibrant community or exit yeah community and sustainable ecosystem
absolutely I mean for this we submit that being able to have an incentive
embedded in its core of the of the protocol such as is the the profit
distribution helps immensely right so being able to tell development teams that
are looking to get incentivized that they're being incentivized already at a
protocol level in US DC in perpetuity if their protocol is being used is a
very clear selling point and that's that has been a crucial role in order to see
what you're seeing today with a vibrant ecosystem right where we're having close
to a dozen be five protocols where we're having almost ten different bridging
and on-ramp solutions from different infrastructure providers seven different
nifty marketplaces right if we look into infrastructure and different tooling
such as oracles and stuff we're having also a handful over there even games
are already being deployed on zkfair and we're talking about only the first
month since deployment right so all this you're seeing it really thanks to the to
the incentive model that has been partially embedded into into the into
the protocol in itself and that's that profit distribution but when we're
talking about the community for there for that we're we must admit that we're
really blessed with what was the initial distribution of zkfair as a
fair of loans and as a token and the the meaning of zkfair which is
essentially that participation into having an exposure or that profit
distribution that that I was mentioning as well because of the the controversy
arguably I'm sorry because of that arguable controversy that all these
different zk layer 2s that were potentially having their community
looking forward for an air drop for early community participation but that
never eventually came out and zkfair became the first one to eventually
launch not only a token for zklayer 2 but also a fair launch for for this in
itself and that's exactly what you saw with the on the initial stages it was I
believe 125 million in in TVL for the participation of the gas feed
distribution based on the air drop for for the fair loans in zkfair so those
things were really instrumental in terms of that success and all these have been
playing a key role in terms of not only being able to harness the initial
community but also to maintain it and to be able to maintain it I believe that's
one of the instrumental situations has been to have the community first
situation where one of the side utilities of zkf is indeed governance but
what you're seeing is that the future of zkf as a layer 2 ecosystem is being
directly shaped by the committee in itself and this is something that's
going on going on a daily basis in places like the like the forum on on
zkfair with different proposals being suggested and different team members and
different committee members that are eventually bring on new things new
things like protocols to be launched on fair launches and the launch pool or
different things to be integrated as well awesome and just you know one final
question Alvaro before if you don't mind we can get a few audience members up
here to ask some questions yeah absolutely yeah which is about your
roadmap as well as your upcoming strategies for the rest of the year
can you talk a little bit about that whatever you can share anything would
be helpful for the audience or the two-point community here I think would
be would be great yeah absolutely so the things that I'm personally the most
excited about are I already mentioned about upcoming launches with a with a
fair launch pool which we're having a lot of scrutiny internally lately to be
able to select the most potential on the protocols but I can tell you that
there's quite a large queue already which is very interesting and then if
we go further about more technical integrations and you know potential
opportunities that can benefit the whole community that's directly the
integration with Celestia why because a data availability solution that's
eventually can can solve things for for a layer to environment such as Ckfair is
specifically when we're talking about cost optimization this is a huge
benefit for the community and why is this is because of the profit share that
we're having so what you're having is a very simple
equation right you're having the the Gatsby consumption versus cost and if
cost is being optimized in this case through a data availability solution like
Celestia what you're having is a lesser cost which is resulting into a higher
profitability to be even shared back to developer teams to the community that
is taking ZKF so it's just something really exciting that we're looking for
because if you're if you go into the stating dashboard this is something
that's I mean I believe quite unique right so having a profit distribution of
half a million dollars within the first merely few weeks and this is
about hard profitability half a million USDC that has been already distributed
only for Stakers is a massive achievement and being able not only to sustain this
but to even optimize this into into into larger profit distribution well I
mean I do not really know about many tokens out there about many I'm sorry
but many tokens out there that can offer a staking function which is paying
out directly into SDC so yeah being able to not only maintain this but
optimize this thanks to data availability solutions such as Celestia in this
case that can benefit the whole community and ZKFare are just very
exciting but I would be keeping an eye on the whole ZKFare forum where
eventually governance is starting to shape up and and all the discussion is
going on because we're having hundreds over hundreds of different topics that
are being discussed on a daily basis and even I myself like to be involving
myself into it to be able to be seen in terms of what's the new things that
are brewing or what's the interest from from the community on that regard
because there's quite a few things growing yeah awesome okay so we have our first
audience member up here flexi flexi do you have any questions for Alvaro please
unmute yourself and go ahead
aspect of every project did you get that I think we were talking about the
geographical distribution and incentives for the community rights correct me if
I'm wrong flexing correct okay yeah so so yeah basically on this I mean what
we've been having is already quite a very strong community backbone as you've
seen not only with discord and with telegram but also with the different
community forum topics that have been coming up but it's it's something that
we've been looking into and I believe there were a few topics that were that
were coming up on the on the community forum about potential incentives for
geographic geographic community and incentivization rights for potentially
ambassadors or something like that one of the things that we were brewing
internally and we have already sharing is about the option of co CEOs or
co-governors and it is something which is still I would say half on stealth
mode but essentially what we're looking at is community members to directly take
over active roles into into participation so essentially having that community
first embed into the into the front of Ck4 and having community members to be
either on the periodic or perpetual permanent role to be joining as a team
member in terms of active roles as well so this are some of the things that
are brewing but in battles of ship this is something that you were to be
more interested as a format when we're talking about geographical
distribution of community incentives this is something that could be studied
and I don't know I could be brainstorming a little bit here myself but
if you were to suggest things like part of the profit distribution at the
protocol level could be actually reserved for things like incentivizing
ambassadors this is something that could be adjusted and if the community
decides to choose for this this is something that could be proposed and me
as a community member or you as a community member we could both be
proposing as if we were interested as well I hope that helps awesome okay so we
have our second audience member here Miley yeah I do yes sir yes all right you
know partnership are always fundamental for any project to succeed so could you
share some of your partners and give us the reasons why you intend to cooperate
with them yeah absolutely so I believe that's two of our or three of our most
instrumental partners I already mentioned being infrastructure providers right so
the the ones that really enabled us to be able to build what we built today and
these are essentially polygon Celestia and Lumos polygon was a CDK provider for
the chain development kit essentially the backbone of the of the blockchain
architecture that you that you see today with ZK fear Lumos was and is the
decentralized proven network provider which is for decentralizing the prover
and those are the functions that are essentially generating the ZK proofs on
a ZK development environment to be able to secure it onto a base layer which
is also crucial and Celestia is a data availability provider which is
currently in process of being an integrated okay so at the moment we're
still palladium but we're in process of integrating with Celestia so these
three partners have been crucial and instrumental not only in the technical
integrations but also from from a more strategic side I believe that's more of
the OG community members that are here with us today may remember some of the
spaces that we're doing with polygons some of the community contributions that
we were doing with Celestia and some of the marketing engagements that we
were having with all of the three partners together right at the end we
were having quite a close relationships with these partners that were instrumental
to us but what we're focusing a lot on at the moment as well is being able to
provide ourselves as a partner to all the ecosystem that's building actively on
ZK here right so now we have become that partner that can provide for that
whole ecosystem which is building which is delivering which is deploying
essentially right with ZK here and that's exactly what you're seeing today
right so being able to work with teams like Saitua being able to work with
teams like fairstake like Izumi orbiter rhino finance we're having some
interesting names that are actually joining in from what's the benchmarks of
the of the industry like Pith which is our Oracle provider in this case for
example they're essentially the the leading Oracle in the industry at the
moment if you disregard chain link which is not really engaging with
different blockchain environments such as you know layer 2s so there's plenty
of different partners that we're already working on and these partners are
actually providing a lot of value in different ways whether the infrastructure
provision that we've seen that I was mentioning or whether it's directly
ecosystem partners such as the one that we're looking and aiming to support if
we're looking into other verticals I mean centralized exchange partners like
Kucoin like it get like by bit have been very instrumental into our success
into being able to provide liquidity and to be able to tap into some great
communities so this is exactly what we're having and what we're seeing as
we speak in this community Amy as well awesome let me get just one more on his
member up to me one second
all right last but not least Julian go ahead
my question is I would like to know how can community be up in community be
assured that the launch is generally fair with no investors reservation or
pre-mining and also are there any mechanic is in place to verify and
validate the fair launch yeah that's a great question actually Julian I'm not
sure if you were referring to the fair launch of ZK fair in itself or
different fair launches but I'm just gonna cover both right and if we're
talking about fear launching something like a token for for a layer 2
environment which is what you're seeing exactly with ZK fair being able to
launch it in a fair mode is essentially launching it in the way that it's being
directly distributed in in a very low valuation based on participation right so
what you're having is that if anything what we had with the air drop feet or
gas fee distribution is that the consumption of gas fee or the
consumption of gas within the layer 2 network was directly opening for the
opportunity of crediting other users for tokens right and this is really the core
of what a fair launch could be right based on usage and a snapshot that usage
is directly gonna credit you with a certain amount of tokens and if we take
it even further actually the the gas that was being consumed that was not
making a user or any user eligible for for the token airdrop was being
refunded so basically all the idle gas that was being utilized that was not
specifically crediting the certain set of users for for that was directly being
refunded right so that's basically as fair as it gets for the for the ZKF
launch and then if we talk about on-chain verification this is something
that you can directly go through the block Explorer and check what is the
token distribution what is the token holders and what is the issuance for
example within the smart contract in itself these are things that get a
little bit more technical but if you have the knowledge you can directly
see it on a on a block explorer and what you will find out is that the token in
itself has a actually quite fair distribution if we're talking about
token holders and distribution itself and of course no pre-mine you will see
as well and of course you will see no other parts that are being reserved in
any way such as it could be a foundation investors that are locked or
team or anything like that none of that is essentially being kept like that and
there's no further inflation being coded into the into the token contract so so
yeah I mean that's that's really as fair as it gets for for ZKF for third-party
teams that are launching on the launch pool that's really a not not a one size
fits all but what we're having is a certain degree of scrutiny in terms of
pre-accepting what the different methodologies would be by different
teams right and for this what we're having is of course a filtering or
screening methodology to be able to make sure that the type of the fear
launch is aligning with the with the guidelines that we would be aiming for
which are at the same time guidelines that the committee in itself was actually
agreeing upon in the community forum that we're having right and that's
exactly what you're seeing that distributions for fair launches for
third-party protocols such as sites of such as fairstake and such as other
that are brewing are essentially providing the distribution based on
things like utilization of their own protocol it could be sets what was
doing pooling in terms of tokens there are other decentralized exchange rights
also proving pooling and providing liquidity was one of them trading on
sites so it was another one and holding or staking ZKF tokens within the whole
ZKF network was was the third one right and with fairstake is a similar
situation what you're having is really that so eventually fair distributions like
those are really what we're looking for and are working quite well as well
I hope that helps amazing thank you so much again Alvaro for taking the time to
share everything about zkfair as well as your your background and what you guys
are working on as well as the roadmap really appreciate it but just before we
wrap up do you have any final things you want you want to share with our
community or where they can find out more information about you guys now is
a good time yeah absolutely so zkfair.io is really the best place to avoid any
kind of phishing scams from there you will be able to find all our socials
such as Twitter or X in this case such as discord such as telegram and mirror
and from there you can do directly all the functionalities that we were talking
about like participating in the launch pool which is still ongoing for fair
stake and bring already for the next one D IDs which are already live dot
zkf domains which is an interesting thing to eventually dwell deeper into
staking zkf tokens for that US you see profitability that I was mentioning
earlier as well you have a complete overview of the ecosystem and all the
things that you could be doing you have direct bridges that you can be opening
and much more such as governance forums airdrop descriptions fair inscriptions
that we've had also as well block explore directly and all kinds of
documentation as well so make sure that you dive into personally I would
suggest the the governance forums because there's a lot brewing over there
and again see what's what's the most interesting thing for you that's that's
coming up next on zkfair all right thank you so much again nothing said
today was financial advice and only informational I really appreciate
everyone for taking the time and Alvaro hope to see you again very soon and
here all about your your updates from zkfair amazing thank you so much for
having us Tim it was amazing time cool all right guys thank you