- Users can now test out dapps within Zircuit’s ecosystem and bridge funds to the ZK rollup thanks to the launch of Phase 1 of the mainnet.
- The project has started the first phase of its ZRC token airdrop as a way to reward early participants in its staking program.
For Zircuit, an EVM-compatible zero-knowledge rollup with AI-enabled sequencer-level security, the first phase of the mainnet and ZRC token claims procedure has been made available.
Zircuit seeks to protect customers from hackers with its integrated, automated AI approaches meant to thwart hostile actors and smart contract exploits. According to the company, Zircuit acts as a single hub for restaked assets, allowing users to earn yields natively. These assets include ether, bitcoin, liquid staking tokens, and liquid restaking tokens.
Users can test out an ecosystem that claims to have onboarded over 60 companies, including Ambient Finance, DODO, Circuit, Zerolend, Ethena, Lynx, InstaDapp, LogX, and Shoebill, among others, during Zircuit’s mainnet Phase 1 and funding for the rollup bridge.
Each wallet’s maximum bridge amount is limited during Phase 1, and these restrictions rise over time. Users can only bridge ether at this time, but the project intends to offer other resources later on. According to the creators, this is intended to enable a safe launch and a more widespread distribution of prizes to smaller wallets.
As part of the launch, the project also launched the Zircuit Mainnet Festival, which offers ZRC tokens as a reward to users that pay gas fees on the Zircuit mainnet.
According to Martin Derka, a co-founder of Zircuit, developers and users may now fully benefit from sequencer-level security, a game-changing technology.
Zircuit announces token airdrop allegations
On Monday, Zircuit also announced the commencement of Season 1 of its ZRC token airdrop claims, rewarding early adopters who took part in a purported $2.5 billion staking program during the testnet phase that began in November of last year.
Users who participated in the project’s points campaign by staking assets are now able to claim their tokens; Season 1 participants will receive 7% of the ZRC supply. ZRC’s official documentation state that the company has a 10 billion supply overall. It is possible to claim about 262,200 distinct addresses. The Season 1 snapshot was captured on July 7 at 4 p.m. UTC. The tokens can be claimed starting on August 5, however they cannot be transferred until the date of the unannounced token generating event.
The project added that wallet addresses of users planning to shift their staked assets from Ethereum to Zircuit once the network is fully operational will be gathered in advance of Phase 2 of the rollup’s mainnet, which is scheduled to start later this month.
The $10 billion venture capital and incubator division of cryptocurrency exchange Binance, Binance Labs, revealed in June that it had made an undisclosed investment in Zircuit. The amount of the investment and other details of the agreement were not disclosed by either company. Zircuit’s X bio states that Pantera Capital is another supporter of the company.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
