The StarkNet derivatives trading protocol ZKX will launch its governance token ZKX on June 6

ChainCatcher news, StarkNet ecosystem derivative trading protocol ZKX has announced that it will launch its governance token ZKX on June 6, along with plans for token distribution and ecosystem development over the coming months.

ZKX stated that after the token launch, it will be listed on selected AMMs and centralized exchanges on StarkNet, and staking functionality will be enabled simultaneously. At that time, users can stake ZKX tokens to receive a share of DEX trading fees in the form of USDC.

It is reported that to ensure a smooth token issuance, ZKX has set a 3-month linear release period for Airdrop 1, Airdrop 2, and the cumulative trading rewards before the mainnet launch. Trading rewards obtained after June 6 will be available for immediate withdrawal. In addition, ZKX will conduct Airdrop 2 in June and plans to carry out two more rounds of airdrops within this year.

ZKX revealed that in 2024, it aims to "socialize perpetual contracts" and will focus on expanding important features such as referral programs, staking, and prediction markets to inject social elements into the derivatives market. To align with the token issuance, ZKX has made slight adjustments to the token economic model, reducing the team's share to increase the share of the liquidity launch pool on the Fjord protocol, while the community share remains unchanged.

It is worth mentioning that the ZKX token had previously completed its first round of airdrop in April. Currently, the protocol has accumulated over 24,000 accounts, and the trading volume of perpetual contracts has exceeded $810 million.