ZKX Crypto Exchange Successfully Secures $6.3 Million in Funding, Drops Its Token and Lists on KuCoin, Cryptocurrencylistings.com, and Bitget – Metaverse Post
In Brief
ZKX proudly announces the completion of a $6.3 million seed funding round, boosting its total fundraising efforts to $7.6 million overall.
A decentralized exchange (DEX) that specializes in social perpetual trading, ZKX disclosed its successful acquisition of $6.3 million during a seed funding round, spearheaded by Flowdesk, GCR, and DeWhales, elevating total funds raised to $7.6 million.
ZKX plans to channel these newly acquired funds towards accelerating the development of the ZKX Protocol, aiming to introduce fresh functionalities that include social copy trading pools and enhanced cross-chain capabilities.
Founded in 2021, ZKX serves as a derivatives protocol that operates on Starknet and Ethereum, under the governance of a decentralized autonomous organization (DAO).
The protocol utilizes appchains to enhance scalability and provide swift application programming interfaces (APIs), combining the advantages of centralized exchanges with the security and self-management characteristics typical of decentralized finance (DeFi). It employs Substrate and Starknet zero-knowledge rollup techniques to enable gas-free trades, a consolidated order book, and improved transparency. Furthermore, it incorporates Starknet account abstraction to guarantee safe fund custody and effective margin management. At the same time, the Starkway Bridge allows for fast deposits and withdrawals by moving assets seamlessly between Ethereum and Starknet.
ZKX offers two distinct interfaces tailored to cater to different kinds of traders. One is a gamified platform, designed for those engaging in short-term trading, while the other, known as Pro Trade, is intended for more seasoned traders requiring complex order types and API connections. OG Trade ZKX Drops Its Token and Launches on Prominent Crypto Exchanges
The ZKX token serves as the governance token for the platform, allowing token holders to partake in governance decisions through staking. By staking their ZKX tokens, users not only influence governance but also receive a share of protocol revenues in USDC and unlock various essential perks. The total supply of tokens is limited to one hundred million.
Recently, ZKX executed a significant airdrop, distributing 33% of its tokens as a reward for loyal supporters and early adopters. Additionally, the token has been listed on major crypto trading platforms including KuCoin, Cryptocurrencylistings.com, and
Eduard Jubany Tur, the founder of ZKX, shared insights about the token launch, emphasizing that the project started two years ago with the ambition of making DeFi more accessible and fostering community engagement. He underscored the milestone achieved with the token introduction, highlighting its role in recognizing the significant contributions made by community members, users, and partners. Bitget .
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Disclaimer
In line with the Trust Project guidelines Alisa, a committed journalist at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the broader world of Web3. With a sharp focus on emerging trends and technologies, she offers in-depth coverage designed to inform and engage readers within the continually evolving digital finance arena.
