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ZKSwap Launches Testnet Incentive Program

Ethereum Miners Now Receive Majority of Their Revenue from Transaction Fees
Ethereum Miners Now Receive Majority of Their Revenue from Transaction Fees

ZKSwap, a project developed by L2Lab, is the self-described “first layer 2 DEX based on ZK-Rollups technology and using the AMM model,” and it has launched a testnet incentive program, according to a press release from the group.

The platform recently raised $1.7 million in an angel fundraising round, too, which was led by Bixen and other groups.

“After launching on the Ethereum Ropsten test network on November 16th, 2020, many community members have participated in the test and helped ZKSwap improve the product,” the release continues. “To give back to the community, ZKSwap launched several testnet incentive programs to the users starting from November 27th, 2020, Beijing time.”

“ZKSwap will give away 1 million ZKS for those users who are helping testing the layer 2 transaction this time. There will be no public fundraising for ZKSwap and the community incentive program is a rare opportunity to receive the ZKSwap governance token ZKS,” it concludes.

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