ZKX, the first social sustainable DEX, completes $7.6 million in financing and releases governance tokens

Original source: ZKX

ZKX, the first social perpetual DEX based on Starknet and Ethereum, has successfully completed a strategic financing round totaling $7.6 million. Investors include key investment institutions such as Flowdesk, GCR, DeWhales, and Hashkey, Amber Group, Crypto.com, and StarkWare have also participated in previous investments.

The second round of financing will accelerate the expansion of the ZKX protocol, introduce new features such as social copy trading pools, and expand to cross-chain interoperability, which is consistent with their vision of making perpetual swap trading fun and easy for everyone to use. The protocol aims to provide unparalleled scalability and high-speed APIs through social trading battles and gamified trading of perpetual futures.

They have launched their native token ZKX on KuCoin, Gate.io, and Bitget. The launch of the ZKX token empowers ZKX users and community members to shape the direction of the protocol alongside the team.

ZKX founder Eduard Jubany Tur said: "Two years ago, we launched ZKX with the goal of making DeFi accessible and social. Today, we celebrate the launch of the ZKX token, an important milestone. This token is more than just a digital asset, it is a reward for the outstanding contributions of our community members, users and partners. It will play a key role in governance, staking, and the growth of the ZKX ecosystem. We are deeply grateful to our investors for their support of our vision. This milestone marks the beginning of a transformative year for ZKX and our users."

Additional Launch Program

The launch of ZKX is accompanied by the launch of staking and airdrops. Starting from June 19, users can stake ZKX to earn a share of the platform revenue. The staking program aims to incentivize a stable and loyal user base, which is essential for the growth and sustainability of the platform.

Airdrops will reward active community members and early adopters. Of the total supply of 100 million tokens, 33% will be unlocked at launch.

ZKX plans to expand its presence across multiple L1 and L2 blockchain ecosystems in 2024. To learn more about ZKX, visit here .

See the full announcement here.

About ZKX

ZKX makes trading social with PVP battles and perpetual futures tournaments. With its Lisk, ZKX combines the efficiency of centralized exchanges with the self-custody and trust of DeFi, offering unparalleled scalability and high-speed APIs. Currently deployed on Ethereum and Starknet, ZKX is leading the convergence of SocialFi and DeFi.

For more information, visit here .

For any media inquiries, please contact Tanisha Kohli at tanisha@zkx.fi.

This article is from a contribution and does not represent the views of BlockBeats

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