ZKSwap is a DEX protocol based on ZKSpeed and aims to solve the low throughput and high transaction fees on the Ethereum network.
In order to tackle problems such as slow withdrawals from L2 to L1 and poor scalability, ZKSwap is coming up with a V2. They are changing the token management strategy and optimizing the circuit as well as the withdrawal procedure to make the process smoother for users.
The V2 Testnet would highlight the Unlimited Token Listing feature on the platform. ZKSwap does not charge any fee for token listing, in fact, users just need to pay a minimal gas fee to the Ethereum Ropsten miners in order to create an ERC-20 token before they add their tokens to ZKSwap.
The ZKSwap V1 has been received incredibly well since its mainnet launch on 14 February 2021 and the mainnet itself has been updated over six times in order to improve product performance and user experience.
ZKSwap has accumulated more than 80,000 Layer 2 accounts with over 1 million transactions and USDT worth $10 billion in trading volume. The platform’s TVL is at $2 billion and it took up 80% of the DEX market share as per data from the L2 beat.
The V2 mainnet is set to go live once the Testnet runs steadily.
Campaigns and Rewards
In order to reward their community members during the launch of the V2 Testnet, the platform is set to run two campaigns.
- Campaign 1: Users need to try the ZKSwap Testnet V2 and write a post about their experience with the title [#ZKSwap V2 Testnet Feedback#] and publish the same on their Forum sector. 20 winners would be rewarded with 200 ZKS and another 200 will get the chance to win 50 ZKS. The rewards would be sent to the user’s Ethereum L2 address within 7 days of the campaign ending.
- Campaign 2: Users need to list a token/token pair on the ZKSwap V2 Testnet and write a post regarding the experience of listing a token with the title [#ZKSwap V2 Token Listing Feedback#] and publish it on the ZKSwap Forum. 20 Winners would get the chance to win 200 ZKS and another 200 will get 50 ZKS each. The winners will get the reward sent to their Ethereum L2 address.
The ZKSwap V2 is looking to solve a lot of problems that are faced by the users and developers on the network. The option of listing tokens without going through the hassle of paying any token listing fees on the platform would help users utilize the platform and the benefits that it offers.
ZKSwap’s solutions enhancing their token management strategy and optimizing withdrawal procedures would help the network become a pioneer in the crypto ecosystem.
For more information check out the ZKSwap website or the following social media handles:
Disclaimer: This is a paid post and should not be treated as news/advice.