ZKFair Price(ZKF)

Embracing Decentralized Governance

Since its mainnet launch in December 2023, governance in ZKFair has transitioned completely to community control. This model employs elected Community Governors tasked with overseeing protocol upgrades and treasury management through a transparent voting process. The dual-purpose ZKF token plays an essential role within this framework.

• Staking: A significant amount of the network's gas fees—75%—is distributed to stakeholders based on their lock-up duration, which can range anywhere from one week to one year. This incentivizes users to actively participate in the network's stability.

• Governance: Holder rights extend far beyond regular usage; token holders can propose and vote on network adjustments, potential partnerships, and grant distributions. This democratic approach reinforces the community ethos inherent to ZKFair.

The distribution model of the ZKF token reflects the project's dedication to fairness. A staggering 98.7% of the 10 billion ZKF supply was allocated through gas fee airdrops and community contributions. Interestingly, 5% of these tokens were specifically reserved to reward users engaging with Bitcoin Ordinals, effectively bridging the Ethereum and Bitcoin ecosystems.