ZK Token
Last updated
Last updated
Token Ticker | ZK |
Token Address | |
Supply Cap | 21,000,000,000 |
Snapshot | |
Inflation | Token supply can be increased through a protocol governance upgrade. |
Deployed on | ZKsync Era |
Transferrable to Ethereum Mainnet | No |
| Category | Tokens | Percentage | Description |
|---|---|---|---|
Token Assembly | 6,146,000,700 | 29.27% | To be allocated by the Token Assembly |
Ecosystem Initiatives | 4,179,000,000 | 19.90% | The ZKsync Foundation administers grants, incentives, and other ecosystem initiatives. |
Airdrop | 3,675,000,000 | 17.50% | A one-time airdrop with no lock ups. |
Investors | 3,610,875,985 | 17.19% | Investors and advisors |
Team | 3,389,123,315 | 16.14% | Matter Labs employees |
Sum | 21,000,000,000 | 100% |
Investor and team tokens have a 4 year unlock period between June 2024 to June 2028, including a one year cliff. On June 2025, 3.66% of the total supply will unlock from the team and investor allocation. After June 2025, a maximum of 0.82% token supply will unlock monthly until June 2028.
For most onchain organizations, tokens are minted at launch and passively held in wallets. This leads to multiple issues. It creates pressure to focus on financial engineering like investments or treasury diversification, and removes the agency from token recipients to determine when and how to receive tokens.
ZKsync uses capped minters. Instead of minting the entire supply of tokens at once, capped minters have “just-in-time minting.” Each capped minter received a maximum number of tokens they are allowed to mint. They can then mint tokens from that supply whenever they choose to, up to the maximum specified. This design removes the risks associated with a large treasury and instead shifts the agency of token management to the capped minters.
This explains the discrepancy between Max Total Supply visible on the block explorer and the programmed Supply Cap of 21,000,000,000. Not all the tokens have been minted by their designated capped minters.
