The launch of Polyhedra Network's ZK Token on OKX Jumpstart will open up Bitcoin and Ethereum staking opportunities.
In Brief
On March 15th, OKX Jumpstart will kick off the listing of Polyhedra Network's ZK token, allowing users to stake their BTC and ETH.
This centralized exchange serves as a platform for launching tokens and facilitating fundraising initiatives. OKX Jumpstart The platform is poised to feature a comprehensive Web3 infrastructure that enhances interoperability. Polyhedra Network (ZK) token.
Beginning at 6:00 am UTC on March 15th, users can start staking Bitcoin and Ethereum to earn ZK tokens. A total of 3 million mineable tokens will be available within the BTC and ETH pledge pools, with mining concluding at 14:00 on March 19th.
To engage in the staking process, users must first deposit BTC or ETH into the funding account before the mining begins. Once logged into the OKX exchange app, they can navigate to the Grow section and select Jumpstart. Following the start of mining, users can initiate staking by clicking Stake, entering the amount of BTC or ETH, and confirming the transaction.
Users have the flexibility to withdraw their staked BTC or ETH at any time by clicking on Unstake, which will automatically transfer the funds back to the funding account. If users do not withdraw their stakes before mining concludes, rewards will be distributed back to the funding account within two hours after the mining period ends.
Stay updated on cryptocurrency distributions through our platform. Airdrops Calendar .
Polyhedra Network is pioneering the evolution of Web3 interoperability.
Polyhedra Network is advancing Web3 interoperability using zero-knowledge proof protocols. Their zkBridge protocol aims to create a trustless and efficient infrastructure for seamless communication between Layer 1 and Layer 2 networks. zero-knowledge proofs The design of zkBridge guarantees security without relying on external assumptions, which significantly reduces on-chain verification expenses.
Apart from zkBridge In addition to zkBridge, Polyhedra Network has developed other innovative solutions like a zero-knowledge decentralized identity (zkDID) system and a scalability framework using a large-scale distributed proof generation network called ParaPlonk, which is focused on making zero-knowledge rollups more efficient. Additionally, the company plans to collaborate with more blockchains, improving developer accessibility through the launch of API and SDK tools while enhancing the capabilities of the ParaPlonk protocol for those seeking efficient ZK-rollup solutions.
Late last year, Polyhedra Network secured a $10 million funding round led by Binance Labs and Polychain Capital, aimed at attracting engineering talent and boosting research and development efforts.
Recently, Polyhedra Network announced its airdrop snapshot taken at 8:00 UTC on March 12. Those eligible for the ZK token airdrop include users trading on zkBridge, holders of the Pandra King NFTs, participants earning zkBridge loyalty points on Galxe, members of the Binance Users group, as well as contributors to the Web3 Wallet Airdrop, OKX Cryptopedia Season 11, and the BNB Chain Airdrop Marathon.
The recent listing of the ZK token on OKX Jumpstart underlines Polyhedra Network's vital role in the rapidly changing blockchain landscape and its decentralized ecosystems.
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