In this article, I am mostly talking about how the ZKFair blockchain can possibly go, although I am not a technical specialist, and in many ways I can be mistaken about the profitability of implementing a particular step:

1. Reducing the cost of commissions. Although I have no idea how to achieve this fully, it is very obvious that low commissions are more desirable for users, and with a significant decrease, users will be more willing to make transactions, and perhaps earnings from commissions will not fall much.

2. Extension of functionality. To attract more users and companies, it is necessary to expand the functionality of the ZKFair blockchain. This can be achieved by adding the ability to create smart contracts, issue tokens, and other innovative features. At the moment, I see that the team is just at this stage, literally the new collection of PFP NFT Cyber Army has just adopted the ERC404 protocol. This is a protocol in which 1 NFT = 1 token.

3. Security. There have been no precedents in terms of security yet, and I sincerely hope that in this regard we have nothing to worry about, because such moments have been negative for more than 1 year, and it is very important not to forget and work on this aspect constantly.

4. Community development.There is a lot of talk about the DAO right now. For the successful development and improvement of the ZKFair blockchain, it is important to actively develop a community of users, developers and researchers. This will help to identify potential problems, propose new ideas and reach a general agreement on the direction of technology development. Yes, of course, you should pay attention to competitors, and take something from them, for example, not to make mistakes like Starknet, and vice versa, look at the mechanisms of working with the Sui community. I think that maybe some 1 decent game could attract players, but if there are a lot of expensive transactions to be used, then it would be pointless.

5. Interaction with other blockchain projects. Collaboration with other blockchain projects and companies can help improve ZKFair and create new opportunities for its application. Partnership and exchange of experience with other projects also helps to spread the technology and strengthen its position in the market.

Summing up my thoughts, looking back, I realize that many (if not all) the ZKFair team has already taken steps or is doing it right now, the project is alive and it has prospects to occupy a certain niche among all L2 solutions. There is a certain hype in interaction with such networks as Merlin Chain. I also think some particularly profitable campaign for users can attract new users in the wake of fomo.

One of the key features of the HyperionX launcher on ZKFair is its tokenomics. In detail, the distribution of tokens looks like this:

Token Name: Hyperion
Exchange Token Symbol: $HPX
Total Supply: 1 Billion $HPX
Valuation: 1 Million USD
Event Start Time: 2024–02–02 00:00 UTC

Community 25%

3 % disribution of GMX и Vertex users

For ZKFair community its
7% $ZKF stakers
1% $ZKF holders
1% $DID holders
1% $ZKFair Pass holder

12% of HyperionX protocol participants

This allows a wide range of users to participate in the system and receive rewards for their efforts.

Liquidity for HPX/USDC 5%

Liquidity for HPX/USDC will be added to: https://www.sideswap.finance/#/pool

Staking 30%

Token staking is an important part of the HyperionX economy. Users can invest their tokens in staking and receive rewards for network support. Stakers are provided with 30% of the total amount of tokens, which allows them to receive stable income from participating in the system.

Trading 40%

Traders also have the opportunity to participate in the distribution of tokens through trading on the ZKFair platform. As much as 40% of the total number of tokens is provided for them, which allows them to earn money from trading and increase their investment opportunities. 8 hours after the launchpool, the total volume of trades has already exceeded the $ 5,000,000 mark!

In general, the HyperionX launchpool on ZKFair opens up new opportunities for users to participate in the system and increase their income. The tokenomics of the project provides various ways to distribute tokens, which makes it attractive to a wide audience.

In conclusion, we invite all readers to join HyperionX's ZKFair staking and trading program. Participation in this program can provide you with the opportunity not only to earn money, but also to support the development of HyperionX and be part of innovative changes in trading on DEX

The main purpose of this article is to provide readers with a complete understanding of HyperionX tokenomics and the distribution of tokens between stake holders and traders on ZKFair, as well as domain owners.zkf, ZKFair Pass holder.

Start trading now:

https://hyperionx.xyz/

Official guide:

https://docs.hyperionx.xyz/community/usdhpx-fair-launch/trading-airdrop-guidance

Oficial article:

https://medium.com/@HyperionX_xyz/hpx-100-fair-launch-unveiling-the-token-distribution-strategy-for-hpx-3ea2502357ce

zkfair :

Q1: In addition to the community, what technical advantages does ZKFair have compared to other L2s?

yaya : 1. Faster and More Secure ZK-Rollup employs zero-knowledge proofs to validate transactions, meaning once they are submitted to the main chain, they are considered final without any waiting period. Compared to other rollups, it does not rely on fraud proofs or challenge windows, making it more secure.

michal : thank you for yaya. I'd like to add to that: “Less Gas Fees” Through “Celestia's modular” Data Availability (DA) technology, ZKFair has achieved data scalability, significantly reducing the cost for users to interact with distributed applications (dApps). Security and Enhanced ScalabilityAs a mature development kit, Polygon CDK provides tested security measures and stable infrastructure. This ensures the safety and reliability of the ZKFair platform, minimizing potential security vulnerabilities and operational disruptions.

yaya : I'll add one more thing. ”The Polygon CDK” aids in the rapid development and deployment of complex blockchain applications, fostering quick ecosystem growth.

michal : that's all

zkfair : Sounds great!

Let's move on Q2: How will ZKFair address potential challenges and foster an inclusive environment for both experienced and new users within the community?

michal : We indeed have a few potential challenges: The competition in Layer 2 blockchain solutions is growing, notably for existing users. The market is filled with various technologies like Optimistic Rollups and ZK Rollups, enhancing blockchain efficiency and scalability. The rising demand for efficient, low-cost solutions attracts investors, increasing competition.

yaya : Yes, of course! But Early Ethereum users, accustomed to their network, may hesitate to switch to new solutions like those offered by zkFair, posing a challenge for gaining their acceptance. ZKFair faces community growth and governance challenges. In just a month since its mainnet launch, it's gained over 560K early users and a TVL of $342 million With a growing social media base of 88K Twitter and 160K Discord users, managing community governance, increasing engagement, and establishing future equity distribution are key for its ongoing success. Finally, there is one more issue. ZKFair's long-term growth hinges on its ecosystem development.Attracting more developers is essential for innovation and advancing the network, leading to practical applications. A strong, stable ecosystem is key to attracting users and enhancing community engagement, security, and decentralization.

zkfair : so, how to Address These Challenges?

michal : first is User Education. We will Provid more educational materials, tutorials, and resources to empower new users and help them understand the platform. second is User Support Services. We will Establish robust user support services to assist both experienced and new users, addressing their queries and concerns, and offering guidance.

yaya : Ecosystem Development. Actively building and expanding the ecosystem, offering diverse opportunities and services to meet the needs and interests of a broad user base.

zkfair : By addressing these aspects, ZKFair can ensure its ecosystem's sustainability and growth, furthering its impact in the blockchain space.

Q3: Will ZKF be used as gas token in the future?

michal : We currently use USDC as the gas token, as explained in our previous response. However, our strategic partner, Lumoz, is planning to launch more new chains, and it is possible that ZKF will be used as the gas token for these chains. The final decision on the feasibility of this will be determined by vote within the ZKFair community.

yaya : Furthermore, it appears that the underlying question pertains to the future practical applications of the ZKF token. For this, we would like to share the two most significant use cases for our ZKF token.

zkfair : what's about the use cases

yaya : Holders or stakers of ZKF will have chances to receive potential airdrops from future projects within the ZKFair ecosystem. Holders or stakers of ZKF will have opportunities to get potential airdrops from future chains on Lumoz. Additionally, we will explore and create more diverse use cases for the ZKF token, as it is one of our ongoing goals. Done❤️

zkfair : thx for your share. Going on!

Q4: How do you plan to use the points you accumulate through staking in the future?

michal : he current staking points are determined by multiplying the amount of ZKF tokens staked by the staking period weight. It is primarily used to allocate and distribute profits from gas fees. Additionally, ZKFair is preparing to launch the Launchpad , where ZKF stakers will have the opportunity to potentially receive airdrops from future ecosystem projects. Considering the unique circumstances of each project, the ZKF staking points will play a crucial role in calculating the allocation of these airdrops, making it an integral component of the Launchpad functionality.

zkfair :

Q5: If ZKFair deviates from its values, it will hinder its potential. Do you think this principle is relevant to ZKFair's project ecosystem?

yaya : The long-term sustainability of ZKFair is undeniably linked to the development of its ecosystem. However, first and foremost, we want to assure everyone that ZKFair will always remain true to our core values.The community-driven concept will never be compromised. We have consistently emphasized the invaluable assistance provided by our community in all our articles, tweets, and activities. We acknowledge that without the community, we would be nothing.

michal : Furthermore, we approach ecosystem projects with the same mindset. We aspire to have more high-quality projects embrace the 100% Fair Launch model. For upcoming projects launching on ZKFair, we will require project teams to initiate their launch with a low valuation and a 100% Fair Launch mode. While upholding this commitment to innovative concepts, we will also strengthen our project evaluation process, including but not limited to assessing team backgrounds, specific implementation of economic models, technological aspects, and subsequent market operational capabilities. This ensures the flourishing and stability of the entire ecosystem.

zkfair : I think the next question will be of great concern to everyone.

Q6: Is there any airdrop/gas sharing for upcoming project builders? What is attracting developers? How do you ensure developers will come to ZKF?

yaya : We will definitely offer early support and assistance, both in terms of technology and grants, to exceptionally promising developers. In the current design of L2 Gas fee sharing, 25% of the profits are automatically allocated to the dApp developer. Here are the attractive features for developers: 1）ZKFair's innovative concept of 100% Fair Launch and its technological advantages. 2) The industry-first L2 gas fee sharing model. 3) The current thriving ecosystem development and the accumulation of a large and loyal community. Market-driven and technology-driven factors are the primary drivers in the cryptocurrency industry, and ZKFair possesses both of them. For a project, choosing ZKFair is an excellent decision. Done❤️

zkfair :

Q7: When you reach the 10 billion goal, what will you do for our community, and how will it develop after the 10 billion goal?

michal : Indeed, in the ZKFair roadmap, the $10 billion target is just the first step. While we aim for the stars, it is crucial to remain grounded and focused, as this is the most important initial step. However, I can also disclose that after achieving the $10 billion target, we have further plans:

1. Continuously expanding the development of the ecosystem to provide more rewards and benefits for our community members, further giving back to their support and participation.

2. Establishing robust community governance and participation mechanisms.

3. Listening to the community's voice, continuously improving our technology, and launching various new features to meet the growing needs and challenges. For example, in the future, we will support cross-chain assets with the BTC ecosystem and more.

zkfair : Of course, As a 100% community-driven project, the future development of ZKFair largely depends on the community's opinions and feedback.

Q8: How does ZKFair plan to sustain its operations and growth given that it’s a 100% community-owned project?

yaya : Our goal is to become a fully community-governed and community-driven Layer 2 solution. In the future, users staking ZKF will also gain voting rights, and the development of ZKFair will be entirely determined by the community. We have received a plethora of suggestions from users through our proposal activities on the forum, and we have not forgotten them. Once the voting functionality is launched, we will initiate proposals promptly and welcome the community's votes. ZKFair is currently in its early stages, and it took many pioneering L2 projects years to establish their existing ecosystems. As a rising star, ZKFair has engaged with numerous high-quality project teams (100+ in the past few weeks) and has also witnessed the challenges of building an ecosystem.

zkfair : We hope the community can grant us more time, as we are committed to providing a satisfactory response to everyone.

Q9: Will ZKF stakers get NFTs in the future? Do you plan to open the NFT market？

michal : Last week, we announced our partnership with Space ID to jointly launch the .zkf domain, and the whitelist campaign is now live. Qualified ZKF token stakers will have the opportunity to mint .zkf domains for a mere 1 USDC. These .zkf domains will also serve as a credential for upcoming project airdrops. Furthermore, Space ID will support the future trading of .zkf domains. In addition, we recently unveiled our collaboration with Element, and we have exciting plans for a joint NFT venture. The circulation and transfer of .zkf domains and NFTs will naturally require the support of an NFT marketplace. We eagerly anticipate the deployment of more exceptional NFT marketplaces on the ZKFair platform. Moreover, we have an exclusive revelation to share. We are actively preparing for ZKF's very own PFP NFTs, and our talented designers are diligently perfecting details. It may take some time, stay tuned!

zkfair : wow pretty cool.

Q10: What is ZKFair's next market plan? How do we ensure that we can reach our goal of a $10 billion market capitalization in the new bull market?

yaya : Community Governance: ZKFair aims to become a fully community-governed and community-driven L2, and we will soon elect 11 community co-governors through a campaign in the community, and the future development of ZKFair will be completely decided by the community.

michal : Support BTC L2 asset cross-chain: ZKFair will also support BTC L2 asset cross-chain in the future, and we are already working on this technology. Please pay attention to the announcement.

yaya : Prosperous ecosystem: ZKFair welcomes ecological developers, a good public chain project can not be separated from excellent builders, attracting more excellent developers to build the ecosystem is one of our next priorities. At present, we are very happy to see some quality projects deployed on ZKFair, and we believe the community will see a richer ZKFair ecosystem. Currently, we are focusing on the following tracks: AI Infra, AI agent, Game, Basic Defi Protocol, Depin, Bitcoin Ordinals, Bitcoin Layer2, ZK Applications, web3 powered consumer apps. These tracks have great potential for development. All these directions have great potential for development, and we believe that the ZKFair ecosystem will become more and more prosperous.

michal : Empowerment: ZKFair's next market will screen high-quality projects for launch activities, Launched projects are also 100% fair launched. Of course, a portion of the tokens of the new project will be airdropped to loyal ZKFair users, such as to the users who have already participated in the $ ZKF pledge airdropped, and so on, and further empowerment of $ ZKF, while the new project, will also play its own game on its own. At the same time, new projects will also be empowered by their own gameplay to introduce more users to the ecosystem.

zkfair : ZKFair ecosystem is becoming more and more prosperous and at the same time continues to empower $ZKF, $ZKF value is getting higher and higher will also attract more good developers to invest in it. From my point of view, this is a very benign competition. At the same time, we also continue to iterate the technology update, support more features to serve you.

Q11: How will the ZKFair eco-system develop next and what are the requirements for projects to join?

yaya : Building a robust on-chain ecosystem remains our top priority. Currently, we have received applications from over 150 projects seeking to join the ZKFair ecosystem, and we have recently received some promising news. Additionally, we are actively engaging with projects that have already deployed or are interested in deploying on ZKFair to discuss the viability of the Fair mode. We have introduced the Fair Launchpad application, through which high-quality projects will undergo a 100% Fair Launch at a conservative valuation, contributing to the growth and profitability of the ZKF ecosystem, thereby benefiting all ZKF users.

michal : In terms of project onboarding requirements, we assess applications based on various dimensions, including security, product completeness, and user experience. Security is of paramount importance, and our team conducts thorough code and contract audits before granting entry. Furthermore, to ensure a diverse and vibrant ecosystem, we are actively communicating with projects in potential areas such as AI Infra, AI agents, Games, Basic DeFi Protocols, Depin, Bitcoin Ordinals, Bitcoin Layer2, ZK Applications, and web3-powered consumer apps. High-quality projects receive early support and assistance from us. We believe that the community will witness a flourishing ZKFair ecosystem in the near future.

zkfair :

the final question is: Does ZKFair have any further plans to join other exchanges?

yaya : As widely known, our official token, ZKF, was listed on more than ten exchanges within a single day, including Bybit, Kucoin, Bitget, Gate, HTX, MEXC, BitMart, and others. This not only brought ZKFair access to more channels and users but also significantly boosted ZKFair's market recognition and liquidity. We are actively communicating with other exchanges regarding their listing plans. However, due to confidentiality agreements with these exchanges, we are unable to disclose further information at this time.

michal : What we can reveal is that several top-tier exchanges have expressed interest in ZKFair and have initiated contact with us. We also encourage community users to contribute their efforts in helping ZKFair grow stronger. Every member's dedication combines to create a tremendous force that can overcome any obstacle.

zkfair : Thank you again for your answers
yaya :Thanks to all ❤️
michal : Thanks to all ❤️

The first project is Lumoz.

Lumoz is a decentralized ZK-RaaS (ZK-Rollup as a Service) platform as well as a PoW (Proof of Work) network that facilitates ZKP (Zero-Knowledge Proof) mining. It employs a hybrid consensus mechanism combining PoS and PoW. This platform offers a unique feature for Web3 developers, namely, the ability to generate zkEVM application chains with a single click. The multitude of ZK-Rollups brings about a substantial need for computational power, creating a beneficial mining environment for global miners. Currently, the token is not yet released and is expected in Q2 2024, after the integration of the bitcoin network and its L2 solutions. You can still qualify for tokens by going through a special campaign on Galxe

The second project is ZKFair.

ZKFair is a project with an already released token. Their token is now used for steaking, which allows users to earn 75% of all commissions in the network, the rewards are accrued daily and are available for claim, but depend on the duration of the stake of funds, the longer you leave the funds the higher the return, from 1 day to 4 years. Also the value of the token is increasing due to the launchpools of other projects that are coming out on their network, as stakers are being rewarded in these projects, the team stated that about 40 projects are getting ready to launch, but a week later stated that this number is approaching 100!

The third project is SideSwap.

SideSwap is a decentralized trading platform that provides efficient on-chain liquidity for Web3 assets, making it easy for anyone to access Web3 assets. As an open and permissionless application, SideSwap eliminates trusted intermediaries and fees, allowing users to securely and efficiently trade without the need for third-party trust.SideSwap also offers a reward mechanism that allows users to provide liquidity and earn trading fee rewards.

The goal of SideSwap is to provide a safer, faster, and more convenient experience for digital asset trading, while also offering users more trading pairs and liquidity.

Finally, the fourth project is FairStake.

FairStake is the first decentralised betting protocol built on ZKFair, aiming to provide ZKF stakers with higher APY, flexible liquidity and all other benefits. Using a liquidity pool model, we provide stakers with a solution that balances yield and flexible liquidity. As a decentralised protocol, you don't need to trust third parties or worry about the security of the fund. For all return ratios, please refer to the official documents. The project was announced only today (22.01.24) and everything will become clearer by its launch on 25 January, but in any case I advise you to take a closer look at all the projects in the ZKFair ecosystem, as so far their potential remains underestimated.

These projects interact with each other to form an ecosystem where users can exchange tokens, participate in staking and earn from various transactions. This creates a unique perspective for ordinary users, offering them a variety of ways to earn money from cryptocurrency transactions and participate in the development of blockchain technologies.

Thus, these projects open up new opportunities for the user and offer exciting prospects for earning money from the latest technologies. Continuing to follow the development of the ecosystem, perhaps one of the most underrated L2 solutions for users.

official docs:

Lumoz

https://docs.lumoz.org/

ZKFair

https://docs.zkfair.io/

SideSwap

https://sideswap-1.gitbook.io/sideswap

FairStake

https://fair-3.gitbook.io/fairstake/

Briefly:

1. Launch of ZKFair mainnet, establishment of smooth operation and successful completion of Airdrop with gas commission.

2. Growth in the volume of ZKF frozen tokens and increase in their listing on exchanges - over 10 exchanges including Bybit, Gate, Bitget.

3. Increase in total ZKF stakes to 2.6 billion, representing 26% of total tokens. L2 gas commission revenue sharing feature launched.

4. Announcement of the pending launch of the .zkf domain name service.

5. Establishment of ZKFair to create a fair and fully community-driven environment and combat issues such as overvaluation, lack of participation from ordinary users, high entry barriers and monopolisation.

   In addition, ZKFair has integrated with the core Pyth Network.

As Oracle's largest proprietary network, Pyth provides over 400 pricing channels for ZKFair. This signals a promising development of the thriving ZKFair DeFi ecosystem - the official tweet announces this.

https://twitter.com/ZKFCommunity/status/1747563964769448407?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1747563964769448407%7Ctwgr%5E94a565eaa0ef998c28a7e7882687f6136b1328bc%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fmirror.xyz%2Florenc.eth%2FreJQBKtvDyqwmNAiGKscsRnmEMoBga1W4PeFyuLUKP4

In addition to such rapid development, it is also worth paying attention to what the team is doing at the moment:

1. Support for Bitcoin network and Ordinals protocol, as well as Bitcoin Layer2 will be added in the near future.

2. Over 100(!) applications from various dapp's to join the ZKFair ecosystem

3. Launched domain name service with SPACE ID and successful network deployment on NFT marketplace Element.

   The launch of the project was with 100% airdrop to the community, and now they say that in their network projects will be released on the same principle, with 100% airdrop tokens of these projects. Yes, I do not exclude that each campaign will be unique, and we may undergo some changes, but the essence will be the same: at least 1 item will be there for sure: rewards for $ZKF stakers. Dyor and stay tuned to the official ZKFair Twitter account.

     Scalability: ZKFair offers high Layer 2 bandwidth to extend the capabilities of the main blockchain network. By utilizing zero-knowledge proof-of-concept protocols, high performance and low transaction costs can be achieved. It’s ok

     Security: The zero-knowledge proof system on which ZKFair is based is one of the most secure and proven technologies on the blockchain. It allows proving the correctness of transactions without revealing the information itself. This ensures that user data and secret keys remain private. Already, the community is massively recognizing the security and trusting their funds. It is clearly visible how quickly the TVL network has grown in such a short time, and I believe this is just the beginning of a great journey.

     Flexibility: ZKFair supports a wide variety of smart contract types and capabilities, making it useful for both general purpose and specific business cases. It is suitable for decentralized financial applications, gaming platforms, digital marketplaces and other ecosystems.

     Improved user experience: With the ability to process transactions quickly, ZKFair is improving the user experience. While the commissions are not the lowest right now, and are on the average level of other L2 networks on zk-rollup, the team is doing a lot for their community, and already, at the very start, they have provided commissions that other similar networks have been working towards for years.

     In addition L2 is owned by the community with fairness regions. 100% of All $ZKF tokens are transferred to the community through airdrop. And the community will decide the further path of network development by voting. This is a completely new and revolutionary approach.

***                                   No investors, no reservations, no pre-mining***

Overall, ZKFair offers many benefits for users and developers of blockchain applications. After only a couple weeks of mainnet, today we learn that about 30-40 new applications are already joining the system and should be expected in the near future. ZKFair could become a strong alternative to other L2 blockchains such as Linea, zkSync and StarkNet, and support the growth of the blockchain ecosystem as a whole.

• Official website: https://zkfair.io/

• Twitter: https://twitter.com/ZKFCommunity

• Telegram: https://t.me/zkfaircommunity

• Discord: https://discord.com/invite/7JUnrh9GsF