Coin overview
ZRC
In progress0.07+0.00%
Last price (USDT)
46.38K
24h total (USDT)
473.35K
Total vol (USDT)
2024-11-01 14:00:00 ~ Pending
Trading time (UTC+0)
Pending
Delivery time (UTC+0)
Zircuit (ZRC): A Layer 2 for Secure Blockchain Transactions
What is Zircuit (ZRC)? Zircuit (ZRC) is a EVM-compatible zero-knowledge rollup that aims to provide a faster and more secure way to process blockchain transactions. By using zero-knowledge proofs, Zircuit enhances privacy and security, ensuring that users' information remains confidential while still allowing for transparent and verifiable transactions. Who Created Zircuit (ZRC)? The specific individuals behind Zircuit are not publicly known What VCs Back Zircuit (ZRC)? Zircuit has garnered significant support from several prominent venture capital firms in the blockchain space. These include Binance Labs, Pantera Capital, Dragonfly Capital, Maelstrom, Mirana Ventures, and Nomad Capital. How Zircuit (ZRC) Works Zircuit’s architecture is designed to improve the performance and security of blockchain transactions through a combination of several key components: 1. Hybrid Architecture Zircuit employs a hybrid architecture that combines rollup infrastructure with zero-knowledge proofs. This design allows Zircuit to efficiently process transactions while maintaining high levels of security and privacy. ● Rollup Infrastructure: In a rollup, transactions are processed off the main blockchain. This reduces the load on the main chain, making it faster and cheaper for users to conduct transactions. By batching transactions, Zircuit can lower the overall transaction costs. ● Zero-knowledge Proofs: This cryptographic technique allows Zircuit to validate transactions without revealing the actual data. For instance, a user can prove they have enough funds to complete a transaction without disclosing the exact amount they hold. This enhances user privacy and reduces the risk of data breaches. 2. Sequencers, Provers, and Smart Contracts Zircuit’s system consists of three main components: sequencers, provers, and smart contracts. ● Sequencers: These are the nodes that manage the order of transactions in the rollup. They collect and bundle multiple transactions, ensuring they are processed efficiently. Sequencers play a crucial role in maintaining the overall performance of the network. ● Provers: Provers are responsible for generating zero-knowledge proofs. When a sequencer bundles transactions, provers create a proof that verifies the validity of those transactions. This proof is then submitted to the main blockchain, allowing the transactions to be recorded without revealing sensitive data. ● Smart Contracts: Zircuit utilizes smart contracts to automate processes and ensure that transactions are executed according to predetermined rules. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. This minimizes the need for intermediaries and enhances the efficiency of transactions. 3. Transaction Processing Transactions in Zircuit can originate from either Layer 1 (the main blockchain) or Layer 2 (the rollup). Here’s how the process works: Step 1 - Initiating a Transaction: A user can initiate a transaction from their wallet, whether it involves sending tokens or interacting with a decentralized application (dApp). Step 2 - Transaction Collection: The sequencer collects these transactions and prepares to bundle them together. Step 3 - Zero-knowledge Proof Generation: As transactions are bundled, provers create zero-knowledge proofs to validate the legitimacy of each transaction without revealing any sensitive information. Step 4 - Submission to Layer 1: Once the transactions are bundled and validated, they are submitted to the main blockchain for final confirmation. The zero-knowledge proof is included in this submission, providing evidence of the transaction's validity. Step 5 - Finalization: The main blockchain processes the bundled transactions, and once confirmed, the user’s transaction is complete. The result is a secure, efficient, and privacy-focused transaction process. 4. Security Measures Zircuit emphasizes security throughout its architecture. One key feature is the implementation of Sequencer Level Security (SLS). This protocol monitors the mempool (a collection of unconfirmed transactions) for any malicious activity. ● Malice Detection: SLS uses algorithms to identify potentially harmful transactions before they are included in a block. This proactive approach helps to prevent malicious activities from affecting the network. ● Quarantine and Release Procedures: If a transaction is flagged as suspicious, it can be quarantined, allowing for further investigation. Once determined to be safe, the transaction can be released for processing. This adds an additional layer of security to the network. ZRC Goes Live on Bitget Zircuit represents a significant advancement in blockchain technology by offering a solution that combines efficiency, security, and privacy. With its innovative use of zero-knowledge proofs and rollup architecture, Zircuit enhances the transaction process, making it more accessible and secure for users. If you are ready to be part of the next big thing in blockchain technology? Zircuit's native token, ZRC, is now available for trading on Bitget! ZRC is designed to empower users within the Zircuit ecosystem, enhancing security and efficiency for blockchain transactions. With its innovative technology and strong backing from top venture capital firms like Binance Labs and Pantera Capital, ZRC is positioned for significant growth. ZRC on Bitget Pre-Market ZRC is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it! Start time: 1 November, 2024, 14:00 (UTC) Bitget Pre-Market offers flexibility in trading activities with two settlement options: ● Coin settlement, which uses a 'cash on delivery' method where a security deposit is forfeited if the seller fails to deliver. ● USDT settlement, a new option where trades are settled in USDT at the average index price at the last minute. To use Bitget Pre-Market, follow these simple steps: ● Step 1: Go to the Bitget Pre-Market page. ● Step 2: ○ For Makers: ■ Choose the desired token and click on ‘Post Order’. ■ Specify Buy or Sell, enter price and quantity, review details, then confirm. ○ For Takers: ■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm. Get ZRC on Bitget Pre-Market now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
ZK Rollup Hybrid Architecture Rising Star: Analysis of Zircuit's Potential
I. Project introduction Zircuit is a zk Rollup project fully compatible with the Ethereum Virtual Machine (EVM), developed by a team that received research funding from the Ethereum Foundation. Zircuit has received support from well-known venture capitalists such as Pantera Capital and Dragonfly Capital, including investment from inance Labs. Zircuit's core mission is to solve the existing performance and scalability issues of Ethereum, help transactions execute faster and more efficiently, and ensure the security of users' assets and data. Zircuit adopts a unique hybrid architecture that combines zero-knowledge proof (ZK) and optimistic infrastructure, giving it dual advantages in speed and security. Its architecture is divided into three parts: a sorter responsible for processing transactions to build L2 blocks, a proof generator that generates validity proofs for these blocks, and a smart contract that interacts with the L1 system. This design ensures efficient L2 transaction processing and support for L1 data availability. In addition, Zircuit's Sequencer Level Security (SLS) is its unique highlight, designed to monitor and prevent potential malicious transactions and attacks. SLS maintains efficient network performance and security through parallel and sequential hybrid detection mechanisms. II. Project highlights 1. Serializer-level security (SLS): By monitoring and detecting transactions, Zircuit's SLS can effectively identify and isolate malicious transactions, prevent hacker attacks, protect user assets, and ensure network stability. 2. Hybrid architecture ZK Rollup: Combining optimistic infrastructure and zero-knowledge proof technology, Zircuit achieves efficient consistency, eliminates the challenge period of withdrawal transactions, and makes the User Experience smoother. 3, EVM full compatibility: Zircuit supports seamless deployment of Ethereum applications, developers do not need to learn new programming languages or frameworks, can immediately use all existing tools and ecological resources on Ethereum. 4. Parallel and Aggregated Proof Generation: Zircuit improves the efficiency and speed of proof generation and reduces operating costs by decomposing on-chain data and processing it in parallel. Proof generated by each batch of L2 blocks can be verified on-chain, ensuring data security and integrity. III. Market value expectations Zircuit ($ZRC) is an innovative zk Rollup Layer 2 project that aims to solve the scalability and performance issues of Ethereum. It combines a hybrid design of zero-knowledge proof and optimistic architecture to provide users with an efficient and secure trading experience. Currently, the unit price of $ZRC is 0.07 dollars, and the total supply is 10 billion coins. To estimate the market value of the $ZRC token, which is consistent with the circulation market value of similar Ethereum expansion projects, the unit price of the token can be calculated as follows: Benchmark project type and market value expectations: Optimism ($OP) - Ethereum L2 Scaling Solution Optimism is an L2 solution that reduces transaction costs and time by using optimistic rollup technology, while maintaining the security advantages of the Ethereum mainnet. Token price: 1.4 dollars Market capitalization: $1,757,098,687.40 If the circulating market value of $ZRC is the same as $OP, the token unit price is about 0.176 dollars Increase: about 151.4% Arbitrum ($ARB) - Ethereum Layer 2 Scaling Solution Arbitrum provides fast and low-cost transactions through its efficient Rollup technology and is a major competitor in the Layer 2 field. Token price: 0.485 dollars Market capitalization: $1,930,619,002.258 If the circulating market value of $ZRC is the same as $ARB, the token unit price is about 0.193 dollars Increase: about 175.7% IV. Token Economics Zircuit (ZRC) is the native token of the Zircuit project, aiming to improve the efficiency and security of transactions within the Ethereum ecosystem. The total supply of ZRC is 10 billion coins, and the distribution is as follows: Airdrops and community rewards: 21% (7% for the first season airdrops, 14% reserved for future airdrops and community rewards) B. Community supply: 12.61% C. Ecosystem development: 17.93% D. Foundation: 18.7% E. Team: 18.74% F. Investors: 11.02% In August 2024, Zircuit launched the first phase of the mainnet and opened the first season of airdrops, with about 262,200 addresses eligible for collection. In addition, Zircuit has launched a Gas mining program, where users can receive 125% of the value of ZRC tokens for every 1 ETH of gas spent. As of November 4, 2024, the price of ZRC is approximately $0.1644 and can be traded on the Bitget pre-market. V. Team and financing The Zircuit team is led by co-founders Martin Derka, Jan Gozny, Angel X., and Dr. Z, and the technical team also includes Krishna Sriram and project director Joshua Tjokrosurjo. In terms of financing, Zircuit has received support from several well-known investment institutions, including Binance Labs, Pantera Capital, Dragonfly, Amber Group, Borderless Capital, Mirana Ventures, Selini Capital, etc. VI. Risk Warning 1. Zircuit adopts a hybrid architecture that combines zero-knowledge proof (ZK) with optimistic infrastructure. Although this design aims to improve performance and security, its complexity may cause technical challenges and affect the stability and security of the system. The competition in the Layer 2 solution field is fierce, and other projects such as Arbitrum and Optimism have already taken market share. Zircuit needs to continue to innovate in technology, performance, and ecosystem construction to maintain competitiveness. VII. Official link Website ： https://www.zircuit.com/ Twitter： https://x.com/ZircuitL2 Discord： https://discord.com/invite/zircuit
Zircuit (ZRC) Will Go on Bitget Pre-Market Today at 22:00
On November 1, Bitget announced that it will launch Zircuit (ZRC) on the pre-market at 22:00 today. Start time: November 1, 22:00 (UTC +8) End time: TBD Spot trading time: TBD Settlement time: TBD Pre-market pairs: ZRC/USDT
Bitget pre-market trading:Zircuit (ZRC) is set to launch soon
We're thrilled to announce that Bitget will launch Zircuit (ZRC) in pre-market trading. Users can trade ZRC in advance, before it becomes available for spot trading. Details are as follows: Start time: 1 November, 2024, 14:00 (UTC) End time: TBD Spot Trading time: TBD Delivery time: TBD Pre-market trading link: ZRC/USDT Bitget Pre-Market Introduction Delivery method: Coin settlement, USDT settlement Coin settlement Coin settlement: Utilizes a "cash on delivery" method. If the seller fails to deliver the required coins, the security deposit will be forfeited as compensation for the breach of contract. USDT settlement USDT settlement: A new option for pre-market trades. This is the second settlement option offered by Bitget for pre-market trades. Orders are settled at the average index price at the last minute as the delivery execution price. The losing party will pay the difference to the winning party. Both parties can lose or gain up to 100% of the security deposit, excluding transaction fees. Example: The user buys 10 tokens at 10 USDT (the filled order is called Order A) and sells 10 tokens at 15 USDT (the filled order is called Order B). At delivery time, the system calculates the delivery execution price based on the average index price from the last minute. Assuming the execution price is 5 USDT, the calculations are as follows: PnL of Order A = (5 – 10) × 10 = –50 USDT PnL of Order B = (15 – 5) × 10 = 100 USDT The total PnL for the user in pre-market trading is 50 USDT. For USDT settlement, orders are settled at the average index price from the last minute as the delivery execution price, determined by a weighted average of prices at leading exchanges to ensure fairness and transparency. Introduction Zircuit is a fully EVM-compatible, zero-knowledge rollup powered by the latest research in L2 technology. ZRC Total supply: 10,000,000,000 Website | X | Discord FAQ What is pre-market trading? Bitget pre-market trade is an over-the-counter trading platform specializing in providing a pre-traded marketplace for new coins before their official listing. It facilitates peer-to-peer trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. What are the advantages of Bitget pre-market trading? Investors often have expectations regarding the price of a new coin before spot trading becomes available. However, they may be unable to purchase the coin at their preferred price and secure liquidity in advance due to lack of access. In response to this, Bitget pre-market trading offers an over-the-counter (OTC) platform where buyers and sellers can establish orders in advance to execute trades as desired and complete delivery later. In this scenario, sellers are not required to own any new coins; instead, they only need to obtain sufficient new coins for delivery before the designated delivery time. How are pre-market trades deliveries completed? The system will pre-freeze the funds required for the current order between the buyer and seller as a transaction guarantee. Prior to the delivery time, the seller must ensure that their spot account holds the required amount of new tokens; otherwise, the transaction will be canceled. Similarly, the system will unfreeze the buyer's funds and compensate the buyer with the seller's frozen margin. Once the delivery is completed, the corresponding quantity of tokens will be transferred to the buyer's spot account, and the buyer's frozen funds will be transferred to the seller's spot account after deducting the transaction fee. Note: (1) Upon reaching the delivery time, the system will execute the delivery according to the transaction time in sequence, which is expected to be completed within one hour. The seller should refrain from any transactions involving the delivery currency funds within 30 minutes after delivery initiation to mitigate the risk of delivery failure due to insufficient funds. (2) If you have both buy and sell orders, ensure that your spot account holds the required quantity of the sell order currency at the time of delivery. Orders with insufficient balance will be processed using the "compensate with margin" approach. How can I make a pre-market trade as a seller? As a seller, you are required to use the USDT in your spot account to pay the margin. You can list your new tokens on the order market at your preferred price via Post Order, or you can find a suitable buy order on the order market and sell it to the buyer at the buyer's asking price. Once the order is filled, you just need to wait for the delivery. How can I make a pre-market trade as a buyer? As a buyer, you are required to use USDT from your spot account to pay for the trade. Using the Place Order function, set the quantity of coins you want to buy at your preferred price and list the maker order in the order market. Bitget will then lock the funds for the purchase and handle any related fees. Alternatively, you can directly select a sell order from the marketplace and buy the coins at the seller's designated price. Once the order is filled, simply await delivery. Do I have to fill the entire maker sell/buy order at once in pre-market trading? No, the platform allows you to trade any quantity of coins as long as it meets the minimum transaction limit. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. 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Zircuit Fairdrop is now open to Eigenlayer holders and stakers
On November 1, EVM-compatible ZK Rollup Zircuit tweeted that the Zircuit Fairdrop is now open to Eigenlayer holders and stakers. This event will allocate 2% of the total supply of ZRC tokens, and all eligible wallet addresses will receive the same reward (regardless of the staked amount). In addition, the official said that ZRC tokens will be airdropped to EIGEN holders on the trading platform in the future.
Zircuit Launches EIGEN Fairdrop, Aiming to Create a Fair and Inclusive Ethereum Staking Rewards Model
GEORGE TOWN, GRAND CAYMAN – Zircuit , the chain where innovation meets security, today announced the EIGEN Fairdrop initiative, designed to bring greater fairness and accessibility to Ethereum staking rewards. With this initiative, Zircuit seeks to recognize the contributions of all EigenLayer participants, regardless of stake size, and support a vision for a secure, decentralized future. The Zircuit Fairdrop is an industry first, intending to provide equal shares to all eligible EIGEN holders, offering a more inclusive approach to reward distribution. By moving away from traditional methods that often favor larger stakeholders, Zircuit hopes to contribute to a broader conversation on fairness in the Ethereum community. "The EIGEN Fairdrop is just the beginning of a more community-driven vision. We see a future where Ethereum staking is driven by an inclusive approach that equally supports all levels of contribution. We’re excited to take this first step toward making that vision a reality." stated Martin Derka, co-founder of Zircuit. EigenLayer plays a significant role in advancing Ethereum’s restaking capabilities, helping extend the network’s security across new areas of decentralized finance and web3. The Fairdrop recognizes and rewards the value of these contributions, aiming to support a community that bolsters Ethereum’s security model. Through this initiative, Zircuit hopes to build on EigenLayer’s contributions, adding security and resilience to the Ethereum ecosystem. More than 190,000 eligible participants are invited to claim their rewards by visiting Zircuit’s Fairdrop page and verifying their eligibility. On October 8, 2024, Zircuit captured a snapshot of Ethereum Block #20919999, and all wallets with at least 3 EIGEN tokens at that time eligible for this milestone airdrop. Zircuit protects users from hacks through its built-in, automated AI techniques that guard users against smart contract exploits and malicious actors. Bolstered by its strong security infrastructure, Zircuit is the central hub for restaked assets featuring unparalleled security and allowing users to earn industry-leading yields natively. Zircuit is the premier liquidity hub for restaked assets (ETH, BTC, LSTs, and LRTs) where users enjoy stronger security guarantees and trust. During Mainnet, users can bridge their assets and start staking to earn rewards and airdrops from the Zircuit ecosystem at the Liquidity Hub . To learn more about Zircuit, visit zircuit.com or read the developer docs at docs.zircuit.com About Zircuit Zircuit: Where innovation meets security, designed for everyone. Zircuit offers developers powerful features while giving users peace of mind. Designed by a team of web3 security veterans and PhDs, Zircuit combines high performance with unmatched security. Experience the safest chain for DeFi and staking. To learn more about Zircuit, visit zircuit.com , and follow us on Twitter/X @ZircuitL2 This post is commissioned by Zircuit and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.
CATIZEN: Pledging CATI and game assets can earn 8.3 million ZRC rewards
From October 28 to November 4, players can deposit CATI tokens and cat game assets of level 300 or above into the ZRC reward pool in CATIZEN BOT, participating in a seven-day staking event. The CATI token pool accounts for 85% of the total rewards, with the remaining 15% distributed to those who stake cat assets. Rewards are settled every hour, with up to $1.5 million worth of ZRC rewards available.
CATIZEN: Staking CATI and game assets can earn 8.3 million ZRC rewards
from October 28th to November 4th, players can participate in a 7-day staking activity by depositing CATI tokens and cat game assets above level 300 into the ZRC reward pool in CATIZEN BOT. The CATI token pool accounts for 85% of the total reward, and the remaining 15% is allocated to cat asset stakers. Rewards are settled every hour, with a maximum value of $1.5 million in ZRC rewards.
Catizens: the Zircuit (ZRC) Launchpool is LIVE
🌟 Catizens, the Zircuit (ZRC) Launchpool is LIVE! 🌟 @ZircuitL2 💰 Stake your CATI and Cats to earn $1.5M ZRC in rewards! Earn ZRC Now! - https://t.co/LRa1QBnDJ3 🎁 Launchpool Token Rewards: ≈$1,500,000 in ZRC (Source - https://t.co/TuXAXGaGSi) 📅 Now until 2024-11-04, 12:00 PM (UTC) 🐾 CATI Pool: 85% rewards | Staking from 1 CATI to 2000 CATI 🐱 Cat Pool: 15% rewards | Staking only for level 300+ cats Get in and start earning ZRC now! 🐾💥 This is merely the beginning of our grand strategy for maximizing the value capture of the CATI token. 🪙 #Catizen #CATI #Play2Airdrop #Launchpool #Zircuit
Catizen Launchpool Announces It Will Go Live on Zircuit (ZRC)
On October 25th, Catizen announced that the zkRollup network Zircuit (ZRC) will go live on its Launchpool, making it the first project to do so, according to official news. From October 28, 20:00 GMT to November 4, 20:00 GMT, users can earn Zircuit tokens ZRC by pledging CATIs and Cats, and ZRC Launchpool details are as follows: - Token Name: ZRC - Total supply: 10,000,000,000 ZRC - Launchpool Token Reward: Approximate value of $1,500,000 ZRC - Launchpool Token Count: 8,333,333 ZRCs
Catizen: Earn Zuicut(ZRC) by staking your CATI and Cats
🚀 Exciting News, Catizens! 🎉 We’re thrilled to introduce @ZircuitL2 (ZRC) as the first project on the Catizen Launchpool! 🌟 💰 Earn Zuicut(ZRC) by staking your CATI and Cats! 🔒 Zircuit(ZRC) is an AI-secured Zero-Knowledge Layer 2, fully EVM compatible and backed by Binance Labs, Pantera, Dragonfly Capital, etc. With a staggering $1.8B in TVL and a new liquidity hub program, it's a perfect opportunity for early adopters and stakers! Launchpool Period: from 2024-10-28 12:00 PM (UTC) to 2024-11-04 12:00 PM (UTC) ZRC Launchpool Details: Token Name: ZRC Total Supply: 10,000,000,000 ZRC Launchpool Token Rewards: ≈$1,500,000 in ZRC（Source - https://t.co/TuXAXGbeHQ） Launchpool Token Amount: 8,333,333 ZRC How to Earn ZRC: 🐾 CATI Pool: Reward Proportion: 85% Reward Amount: $1,275,000 in ZRC Minimum Stake: 1 CATI Maximum Stake: 2000 CATI Settlement: Every hour based on staked CATI share 🐱 Cat Pool: Reward Proportion: 15% Reward Amount: $225,000 in ZRC Eligibility: Only cats above level 300 can be staked Settlement: Every hour, with cat levels converted into USD for calculation Don't miss this fantastic opportunity to boost your earnings with Zircuit!🐾💖 This is merely the beginning of our grand strategy for maximizing the value capture of the CATI token.✨ #Catizen #CATI #Zircuit #ZRC #Launchpool
Zircuit launches the first phase of the mainnet and kicks off the first season of ZRC token airdrops
Zircuit, an EVM-compatible ZK Rollup with AI-enabled sequencer-level safety features, today announced that Mainnet Phase 1 is now live. Mainnet Phase 1 also includes the launch of the Zircuit Mainnet Festival, an unprecedented program that rewards ZRC tokens and shares jackpots based on the gas consumed by users on the Zircuit network. Zircuit’s staking program has achieved many successes, with a total staking amount of more than $2.5 billion. In order to reward users who participated in the staking program, Zircuit has also opened up the first season of airdrops. Users who participated in the first season of the points activity can now claim their tokens. In the first phase of the mainnet, users will be able to bridge funds to Zircuits mainnet and interact with projects in the Zircuit ecosystem, including Ambient Finance, DODO, Circuit, Zerolend, Ethena, Lynx, InstaDapp, LogX, Shoebill, etc. Developers are also welcome to deploy applications on the Zircuit mainnet and join a thriving ecosystem of more than 60 projects. As part of the launch process, Zircuit is hosting the Zircuit Mainnet Festival, where users are rewarded with ZRC tokens every time they pay gas fees on the Zircuit Mainnet. In addition, participating users will have the opportunity to win prizes, as well as a super grand prize of 100,000 ZRC. This Zircuit Mainnet Festival encourages users to interact with the network and experience the advantages of Zircuit while earning ZRC tokens and prizes. The first phase of the mainnet will have caps on the amount that each wallet can bridge, and these caps will increase over time. In the initial phase, users will only be able to bridge ETH, and other assets will be added gradually. This allows Zircuit to launch in the most secure way possible and provide a wider distribution of Zircuit rewards to smaller wallets. During this phase, Zircuit has opened a ZRC token claim portal to reward early contributors and network participants. Those who earn Zircuit Points during the first season of Zircuit staking will be eligible to claim tokens. While tokens are claimable during this period, they will not be transferable until a later stage. In preparation for the asset migration in Phase 2, staked assets will be transferred from the Ethereum mainnet to the Zircuit mainnet, and Zircuit will begin collecting wallet addresses of users interested in migrating their staked assets after the network is fully launched. “The launch of Mainnet Phase 1 is a major milestone for us. Developers and users can now experience the full benefits of Zircuit and our groundbreaking technology - sequencer-level security. In addition, the Mainnet Festival is a first-of-its-kind mechanism that directly rewards early active users. We see Zircuit as the foundation for the next wave of Web3 innovation and look forward to seeing the decentralized applications built on Zircuit,” said Martin Derka, co-founder of Zircuit. Zircuit protects users from hacker attacks through built-in automated AI technologies that protect against smart contract vulnerabilities and threats from malicious actors. Backed by a strong security infrastructure, Zircuit becomes the core hub for re-pledged assets, providing unparalleled security and allowing users to earn industry-leading yields in a native way. Zircuit is the premier liquidity center for re-pledged assets (ETH, BTC, LSTs, and LRTs), where users enjoy enhanced security and trust. During the first phase of the mainnet, users can explore the Zircuit ecosystem at zircuit.com/#ecosystem and explorer.zircuit.com , and bridge ETH to the Zircuit mainnet at bridge.zircuit.com . Finally, Zircuit’s mainnet phase 2 is scheduled to launch in August. About Zircuit Zircuit is a solution that uses ZK Rollup technology with AI-driven sequencer-level security and parallelized circuits. Zircuit is built by a team of Web3 security veterans and PhDs in computer science, algorithms, and cryptography . Its unique architecture combines the advantages of performance and security.
Zircuit Announces ZRC Token Economics: 21% Allocated to Airdrops and Community Rewards
On August 5th,The EVM-compatible zkRollup network Zircuit has released the ZRC token economics in its official documentation. The total supply of ZRC tokens is 10 billion, with the following specific allocations: 21% for airdrops and community rewards (7% for the first season airdrop and 14% for future airdrops and community rewards); 12.61% for community governance; 17.93% for ecosystem development; 18.70% for the foundation; 18.74% for the team; and 11.02% for investors.Regarding the first season airdrop, 7% of the total supply of ZRC tokens will be allocated to the first season rewards, with 262,200 eligible independent addresses. The first season airdrop snapshot will take place on July 8th, 2024 at 00:00 Beijing time. The document also mentions that as ZRC approaches TGE (transferability), the information will be updated.
Zircuit Launches Mainnet Phase 1 and Launches ZRC Airdrop Season
Original source: Zircuit Zircuit, a fully EVM-compatible ZK rollup with AI-enabled sequencer-level security features, today announced that Mainnet Phase 1 is now live. Mainnet Phase 1 also includes the launch of the Zircuit Mainnet Festival, an unprecedented program that rewards ZRC and the opportunity to win big prizes based on gas consumed on the Zircuit network. To reward users who participated in its highly successful staking program, which has staked over $2.5 billion, Zircuit has also opened claims for the Season 1 airdrop. Users who staked assets in the Season 1 Points event can now claim their tokens. During the first phase of the mainnet, users will be able to bridge funds to Zircuit’s mainnet and interact with projects in the Zircuit ecosystem, including Ambient Finance, DODO, Circuit, Zerolend, Ethena, Lynx, InstaDapp, LogX, Shoebill, and more. Developers are also welcome to deploy applications on the Zircuit mainnet and join a thriving ecosystem of over 60 projects. As part of the launch, Zircuit is hosting the Zircuit Mainnet Festival, which rewards users with ZRC tokens whenever they pay gas fees on the Zircuit mainnet. In addition, participating users will have the opportunity to win prizes, as well as a super grand prize of 100,000 ZRC. This festival encourages users to interact with the network and experience the benefits of Zircuit while earning ZRC tokens and prizes. Phase 1 of the mainnet will place caps on the amount that can be bridged per wallet, and these caps will increase over time. During this initial phase, users will only be able to bridge ETH, with other assets to be added gradually. This allows Zircuit to launch in the most secure manner possible and to provide a wider distribution of Zircuit rewards to smaller wallets. During this phase, Zircuit opens up a ZRC token claiming portal to reward early contributors and network participants. Users who earned Zircuit Points during Zircuit Staking Season 1 will be eligible. While tokens can be claimed during this period, they will be non-transferable until a subsequent date. In preparation for Phase 2 of the asset migration, staked assets will be transferred from the Ethereum mainnet to the Zircuit mainnet, and Zircuit will begin collecting wallet addresses of users who intend to move their staked assets once the network is fully live. “Launching the first phase of the mainnet is a major milestone for us. Developers and users can now experience the full benefits of Zircuit and our breakthrough technology, sequencer-level security. In addition, the mainnet festival is an unprecedented mechanism that rewards early active users in the most direct way. We believe Zircuit is the foundation for the next wave of innovation in web3, and we look forward to seeing the decentralized applications that will be built on Zircuit next,” said Martin Derka, co-founder of Zircuit. Zircuit protects users from hacks through its built-in automated AI technology that protects users from smart contract exploits and malicious actors. With its strong security infrastructure, Zircuit is the central hub for re-hypothecation assets, providing unparalleled security guarantees and allowing users to natively earn industry-leading yields. Zircuit is the premier liquidity center for re-hypothecation assets (ETH, BTC, LSTs, and LRTs), and users can enjoy stronger security guarantees and trust. During Mainnet Phase 1, users can explore the Zircuit ecosystem at zircuit.com/#ecosystem and explorer.zircuit.com, and bridge ETH to the Zircuit Mainnet at bridge.zircuit.com. Zircuit’s Mainnet Phase 2 is scheduled to launch in August. To learn more about Zircuit, visit the official website or read the developer documentation. About Zircuit Zircuit is a ZK rollup with AI-enabled sequencer-level security and parallel circuits. Built by a team of web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuit's unique architecture combines the best features of performance and security. This article is from a contribution and does not represent the views of BlockBeats
Zircuit: 10 billion total ZRC tokens, 7% of total airdrop in Q1
Zircuit, the AI-enhanced sequencer-level security, EVM-compatible ZK rollup, has officially announced a total supply of 10,000,000,000 ZRC tokens. Q1 Airdrop: 7% of the total ZRC supply is allocated to Q1 credits, with 262,200 unique addresses eligible to claim them. Snapshot of the Season 1 Airdrop on 7 July 2024 at 16:00:00 UTC. Specific allocations: -21.00% Airdrops and Community Rewards: -7.00% Season 1 Airdrops -14.00% Future Airdrops and Community Rewards Other allocations: -12.61% Community Provisions -17.93% Ecosystem Development -18.70% Foundations -18.74% Teams -11.02% Investors
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