zkPass is one of those hidden gem projects that have great utility and an active team.
The
$ZKP sale on Kaito launchpad has come to an end with over $78m requested. you can check your allocation in the kaito capital dashboard.
Now let’s look at the
$ZKP token utility and tokenomics ⤵️
Note that
$ZKP serves as the utility token for the zkPass ecosystem and the verifiable internet at large.
Basically, zkPass is building the convergence of web2 and web3 data where private Web2 data can be transformed into cryptographic proofs that remain private and can be transferred seamlessly across networks.
This Data could be anything including academic records, financial records, identity attestations, travel histories, and others.
$ZKP is at the center of the zkPass ecosystem and it serves as a medium for settlement, verification, and protocol participation. Let’s take a closer look at the ecosystem utility of
$ZKP
🔹SETTLEMENT MEDIUM:
$ZKP will be used for proof settlement and to verifier execution in the zkPass ecosystem.
🔹VALIDATOR COLLATERAL:
$ZKP is required by the network’s validators to maintain uptime and network security.
🔹NETWORK CREDITS:
$ZKP will serve as on-chain credits for recording and accounting network contributions.
🔹SERVICE ACCESS: ZKP will be used by enterprises and devs to access verification APIs and privacy-preserving data infrastructure
🔹CROSS-SYSTEM VERIFIABILITY AND GOVERNANCE:
$ZKP will be utilized for decentralized coordination of the ecosystem.
Now, let’s see how the
$ZKP tokenomics is structured along with token vesting and allocation.
🔸Total supply: 1,000,000,000
🔸Token Standard: ERC-20
🔸Supply Type: Fixed, no inflation
🔸Deflationary Model: Portion of settlement fees burned to keep supply deflationary.
🔸Buyback Mechanism: DAO-led periodic buybacks funded by protocol revenue.
It’s interesting to note that the team’s tokens are completely vested at TGE. Let’s take a closer look ⤵️
🔸Community - 48.5% (12.5% unlocked at TGE, 6% vesting linearly over the first 3 months, and 30% vesting monthly over 5 years starting from TGE) This allocation includes ecosystem growth, verifiable airdrops, network incentives, community sales, exchange-related marketing, and strategic partnerships.
🔸Early Investors - 22.5% (12-month cliff followed by 18-month linear vesting)This allocation is for strategic and institutional partners who supported early-stage protocol development.
🔸Core Contributors - 14% (24-month cliff followed by 24-month linear vesting) This allocation includes founding members, engineers, researchers, and key operational contributors driving the zkPass network.
🔸DAO Treasury - 10% (5-year linear vesting) This allocation is reserved for long-term network sustainability, governance, ecosystem grants, and emergency reserves.
🔸Liquidity - 5% (100% unlocked at TGE) It will be injected for market liquidity provision and network bootstrapping.
From the
@zkPass tokenomics, I can observe some bullish signals already. With a heavy-utility product and the core contributors tokens completely locked for the first 24 months, it's obvious that they are here to build long term.
I’m looking forward to a smooth
$ZKP launch and mass adoption of the verifiable internet .