December 2nd, 2020, Beijing Time — ZKSwap developed by L2Lab is the first layer2 dex based on ZK-Rollups technology and using the AMM model. The team has recently closed a $1.7 million Angel Round led by Bixin, followed by Longling Capital, SNZ Holding, FBG Capital, Jubi, and Consensus Lab.
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. To give back to the community, ZKSwap launched several testnet incentive programs to the users starting from November 27th, 2020, Beijing time.
Details of the incentive program campaign have been announced on the official website zks.org. ZKSwap will give away 1 million ZKS for those users who are helping to test the layer2 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.
About ZKSwap
ZKSwap is the first layer2 dex based on ZKRollup using the AMM model. Users can now deposit and withdraw between the DEX’s layer1 and layer2 wallet, swap tokens, transfer tokens, and add/remove liquidity on ZKSwap with real-time transactions and zero gas fees.
Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.
