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Mystiko (XZK)

Past
Total Raise: $29,250,000
Date: 21 Mar - 04 Apr

Mystiko is a Zero-Knowledge Software Development Kit (SDK) that focuses on enhancing the scalability, interoperability, and confidentiality of blockchains and dApps. It enables users to build decentralized applications that are more affordable, scalable, secure, and trustless.

The platform is powered by the native Mystiko token - $XZK. Its primary role is to grant the role of ZK-Rollup relayer and rewards them, as well as providing access to decentralized governance votings.

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Mystiko Overview

Ticker: XZK
Country: Singapore
Founded: 2023
Whitelist: No
Blockchain Network: Ethereum, BNB Chain, Polygon, Avalanche, Base, Solana.
KYC: Yes
Bounty: Yes
MVP: Yes
Type: ICO, Equity
Security Audit: Yes

Mystiko Review

Mystiko is a Zero-Knowledge layer of Web3 that offers a ZK protocol and software development kit designed to address financial and cross-chain privacy, as well as transaction fee cost issues, within the web3 industry.

Within the first year after the launch of mainnet, the network has managed  to achieve an impressive $137M in volume traded and $1M earned in fees from hundreds of ZK-Rollup miners and relayers in the network. The main reason behind the project’s success are its significant competitive advantages including the following:

  • Chain interoperability: Mystiko Network’s zk-SNARKs can be seamlessly integrated with major layer 1 and layer 2 chain networks like Ethereum, BSC, Solana, Polkadot, Arbitrum, Polygon, and more.
  • Increased privacy: Leveraging Zero-Knowledge technology, advanced encryption, and shield address designs, the protocol enables developers to create more trustless and secure dApps.
  • Cost-effective and swift transactions: By employing ZK technology, the Mystiko network executes transactions at significantly lower costs compared to other coin mixers, all while maintaining comparable processing speeds.

Explore more Mystiko features in its docs section.

At the core of the network's interoperability, security, and decentralization lies its native $XZK token. Primarily, it is used for participating in decentralized votings and operating a Mystiko Network's ZK-Rollup by staking someamount of $XZK.

Recently, the platform officially confirmed the release of the token and airdrop, followed by an ICO on the CoinList launchpad, allocating over 7.5% of the total supply for sale.

Given this information, CoinLaunch decided to analyze the project in eight key areas and identified the most important pros and cons you need to consider before investing in the $XZK sale or airdrop.

 

Mystiko pros: 

  • Highly demanded product;
  • The company established leadership in the market just within a year after launch;
  • Sale of $XZK on CoinList
  • Significantly low Initial Market Cup / FDV ration (only 3.125%);
  • Relatively low token inflation rate (1.7%);
  • Presence of the top tier funds and partners supporting the project;
  • High PR and Social Media Marketing performance.

Mystiko cons:

  • Team is anonymous; 
  • Weak growth marketing performance; 
  • Influencer Marketing performance is weaker than an average CoinList project has; 
  • Weak marketing infrastructure and SEO performance;
  • Lack of security audits from the top tier companies. 

Mystiko Token Economy

Total Raise: $29,250,000
Total Supply: 1,000,000,000
Private/Pre-sale: 275,000,000 (27.5%)
Public Sale: 75,000,000 (7.5%)
Fully Diluted Valuation (FDV): $150,000,000
Initial Circulation Supply: $4,687,500 (3.13% of FDV)

Mystiko Token Sale (ICO & IDO) Rounds

ICO: 28 Mar - 04 Apr

Price: $0.15
Tokens for sale: 75,000,000
Raise: $11,250,000
Lock-Up: 25% unlocks after a 75 day period, remaining 75% vesting ...
Launchpad: CoinList
Seed: 20 Mar - 21 Mar

Price: $0.09
Tokens for sale: 200,000,000
Raise: $18,000,000
Lock-Up: 12 months cliff, 24 months vesting

Mystiko Token Release Schedule

XZK Emission Schedule

Mystiko Funds and Backers
(3/6)

Submit
Hashkey Capital logo
HashKey Capital
Score: High
8 numbers of
investment
Read More
Morningstar Ventures
Morningstar Ventures
Score: High
3 numbers of
investment
Read More
tribe
Tribe Capital
Score: Medium
3 numbers of
investment
Read More
View All

Mystiko Influencers

Submit
2 numbers of
investment
Read More
Naval
Naval (Naval Ravikant)
Score: Very High
1 numbers of
investment
Read More
Gokul Rajaram
Gokul Rajaram
Score:
1 numbers of
investment
Read More
View All

Mystiko Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  01 Apr 2024 Upgrade

Mystiko News

Mystiko Roadmap

Q2 2024
  • Mystiko V2 launch;
  • Featuring cheaper and confidential cross-chain transactions and dapp expiriences.
Q4 2024
  • Mystiko V1 and V2 integration with 70% major blockchains/apps.
Q2 2025
  • Mystiko V3 launch;
  • Featuring cheaper and confidential DeFi features that support token swaps in a cheaper interoperable and confidential manner.
Q4 2025
  • Mystiko V1, V2 and V3 integrations with 90% major blockchains/apps.
Q2 2026
  • Mystiko SDK for ZK machine learning.

Mystiko Airdrop & Retrodrop & Bounty

Early User Airdrop Campaign
mystiko logo
funds
Start Date:
14 Mar 2024
End Date:
21 May 2024
Difficulty:
Medium
Winners:
2,750
Rewards:
$380

Description

Mystiko Network is a ZK web3 layer and SDK that enables developers to create cheaper, faster, and trustless decentralized applications. It is fueled by the native $XZK token, primarily utilized in operating ZK-rollup and participating in DAO votings.

On March 24, 2024, the platform publicly confirmed a token release and airdrop for early users, allocating over $1M for participants in the “OG NFT”, “Level Up” and “Accelerator” contest events.

Read More

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