zkLink Announces ZKL Token Launch, Improving Utility and Governance in Aggregated Blockchains

With great pleasure, zkLink, a pioneer in the development of aggregated rollup infrastructure, announces the release of $ZKL, its platform token. The ZKL token will be available for trade on a number of centralized exchanges, such as Bybit, Kucoin, and CoinList, starting at 12 PM (UTC) on July 22, 2024. This significant breakthrough advances zkLink’s goal of creating a uniform and compatible ecosystem for widespread Web3 adoption.

For the zkLink Nova ecosystem, the ZKL token acts as both the governance and alternative gas fee.

• The ZKL token will enable users to cast votes on proposals intended to decide the protocol’s commercial and development direction, according a recent blog post on governance.
• In addition, the token will be used to cover the cost of licensing its customized rollup product.

The introduction of the token listing, according to a zkLink representative, aims to raise awareness of aggregated rollup solutions for addressing blockchain ecosystem fragmentation.

• Through technical training, industry event organization, and code repository open-sourcing, the team hopes to further advance the development of aggregated rollup solutions in the market.