ZKX Raises $7.6M, Launches Governance Token to Revolutionize DeFi Trading

ZKX, the pioneering Social Perp Trading DEX operating on Starknet and Ethereum, has successfully raised a total of $7.6 million in funding. The latest strategic round saw contributions from notable investors, including Flowdesk, GCR, and DeWhales, supplementing previous investments from Hashkey, Amber Group, Crypto.com, and StarkWare.

This significant influx of capital is set to fast-track the expansion of the ZKX Protocol, enabling the introduction of innovative features like social copy trade pools and expanding into cross-chain interoperability. Such advancements align with ZKX's vision of making perpetual swaps engaging and accessible to a broader audience. The protocol aims to revolutionize trading by incorporating social elements through gamified trading battles of perpetual futures and leveraging its appchain for exceptional scalability and high-speed APIs.

To further empower its users and community members, ZKX has launched its native token, $ZKX, on prominent exchanges such as KuCoin, Gate.io, and Bitget. The $ZKX token is designed to facilitate governance, staking, and growth within the ZKX ecosystem, allowing users to directly influence the protocol's direction.

Eduard Jubany Tur, Founder at ZKX, expressed his enthusiasm, stating, “Two years ago, we launched ZKX with the goal of making DeFi accessible and social. Today, we celebrate a major milestone with the launch of the $ZKX token. This token isn’t just a digital asset; it’s a way to reward the incredible contributions from our community members, users, and partners. It will play a key role in governance, staking, and growth of the ZKX ecosystem. We deeply appreciate the support of our investors who believe in our vision. This milestone marks the beginning of a transformative year for ZKX and our users.”

Coinciding with the token launch, ZKX has introduced staking and airdrop initiatives. Commencing on June 19th, users can stake $ZKX to earn a share of the platform’s revenue. These staking plans are meticulously designed to foster a stable and committed user base, which is vital for the platform’s long-term growth and sustainability. Additionally, the airdrop initiative aims to reward active community members and early adopters, with 33% of the total 100 million tokens being unlocked at launch.

ZKX has ambitious plans to extend its reach across multiple Layer 1 (L1) and Layer 2 (L2) blockchain ecosystems throughout 2024. This expansion is set to further solidify its position at the intersection of SocialFi and DeFi, combining the efficiency of centralized exchanges with the self-custody and trust inherent in decentralized finance.

For more information about ZKX and its offerings, interested parties can visit https://zkx.fi/.

About ZKX: ZKX enhances trading with social elements such as PVP battles and competitions for perpetual futures. By leveraging its appchain, ZKX provides unparalleled scalability and high-speed APIs, merging the efficiency of centralized exchanges with the self-custody and trust of DeFi. Currently deployed on Ethereum and Starknet, ZKX is at the forefront of where SocialFi meets DeFi.

Explore more at https://zkx.fi/.