Boundless to Launch ZK Coin with 1 Billion Token Supply

Boundless outlines ZKC token distribution, allocating 31% to the ecosystem fund, 18% to strategic growth, and 6% for community sales and airdrops, alongside shares for investors and team members.

KAITO

Summary

According to Boundless’ official announcement, the ZKC token will have a total supply of 1 billion. The distribution includes 31% for the ecosystem fund, 18% for the strategic growth fund, 6% for community sales and airdrops, 21.5% to investors, and 23.5% to the core team and early contributors. The 6% allocation for community sales and airdrops will reward early participants such as provers and kaito yappers, with community sale tokens unlocking 50% at the Token Generation Event (TGE) and 50% six months later, while airdrops unlock fully at TGE.

Terms & Concepts
  • Token Generation Event (TGE): The point at which a new cryptocurrency's tokens are officially created and distributed to investors or community members.
  • Airdrop: A distribution method for cryptocurrency tokens, often free, to promote awareness and reward early supporters.
  • Prover: In blockchain systems using zero-knowledge proofs, a prover is an entity that generates proofs to validate transactions without disclosing underlying data.