Polyhedra Network’s ZK token launches on OKX Jumpstart offering Bitcoin and Ethereum staking
Posted: March 12, 2024 6:43 AM Updated: March 12, 2024 6:44 AM
Correction and fact check date: March 12, 2024, 6:43 AM
briefly
OKX Jumpstart will list the ZK token on the Polyhedra Network, allowing users to earn ZK by staking BTC and ETH starting March 15th.
OKX Jumpstart, a centralized exchange platform for token launches and fundraising, lists the Web3 full-stack interoperability infrastructure Polyhedra Network (ZK) token.
Users will have the opportunity to earn ZK tokens by staking Bitcoin and Ethereum starting March 15 at 6:00 AM (UTC). There is a total of 3 million mineable tokens available in the Bitcoin (BTC) and Ethereum (ETH) pledge pools, and the mining process is scheduled to end at 14:00 on March 19th.
To participate in the staking process, users must transfer BTC or ETH to their funding account before mining begins, log into the OKX cryptocurrency exchange application, go to the Growth section and click Jumpstart. After mining begins, users can click on Stake, enter their desired BTC or ETH amount, and then confirm mining begins.
Users can click Unstake at any time to unlock their BTC or ETH to initiate funds and have them automatically returned to their funding account. If unstaking does not begin before mining ends, tokens staked as rewards will be automatically distributed to your funding account within 2 hours after the event ends.
Polyhedra Network revolutionizes Web3 interoperability.
Polyhedra Network is building and advancing Web3 interoperability through zero-knowledge proof protocols. The network designed and implemented the zkBridge protocol with the goal of building a trustless and efficient cross-chain infrastructure for layer 1 and layer 2 interoperability. Utilizing zero-knowledge proofs, zkBridge ensures security without relying on external assumptions and reduces on-chain verification costs.
In addition to zkBridge, Polyhedra Network has created other infrastructure solutions such as the Zero-Knowledge Distributed Identity Solution (zkDID) and a scalability solution that leverages a large-scale distributed proof generation network called ParaPlonk, which aims to accelerate zero-knowledge rollups. Additionally, the company plans to implement API and SDK tools along with improvements to the ParaPlonk protocol to integrate with more blockchains and improve developer accessibility to serve developers looking for an efficient and decentralized ZK rollup solution.
Late last year, Polyhedra Network closed a $10 million funding round led by Binance Labs and Polychain Capital, with the funds allocated to recruiting engineering talent and strengthening research and development efforts.
Recently, Polyhedra Network announced that it completed the airdrop snapshot on March 12th at 8:00 UTC. Those eligible to receive ZK token airdrops include zkBridge trading users, Pandra King NFT holders, Galxe’s zkBridge loyalty point users, Binance users, ecosystem and participants. Community contributor for Web3 Wallet Airdrop, OKX Cryptopedia Season 11, and BNB Chain Airdrop Marathon.
The ZK token, recently listed on OKX Jumpstart, highlights the importance of Polyhedra Network in the evolving blockchain technology and decentralized ecosystem environment.
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About the author
Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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alice davidson
Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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