The first phase of the ZKFair Launchpool project FairStake staking airdrop event has now started

ChainCatcher news, the FairStake staking airdrop event for the first phase of the ZKFair Launchpool project officially started today at 11:00 AM. The event runs from January 25th, 11:00 to February 4th, 8:00, with 73% of the FRS tokens being fairly launched through staking ZKF on the FairStake platform. Currently, over 150 million ZKF have been staked to participate in the event.

The FairStake white paper shows that the total supply of FRS tokens is 10 billion, of which 73% will be distributed through staking airdrops; 22% will be distributed to ZKF holders, ZKF stakers, .zkf DID holders, and FairStake protocol contributors through community airdrops; and 5% will be used to provide initial liquidity.

ZKFair launched the Launchpool on January 20th, aiming to select high-quality projects with low valuations and initiate them through a 100% Fair Launch model, allowing community users a fair opportunity to participate in the early development of quality projects. The ZKFair Launchpool will continue to introduce more high-quality projects.