ZKX (ZKX)

ZKX crypto exchange is built on the StarkNet chain network, an Ethereum L2 scaling solution that utilizes innovative and complex zero-knowledge technology. It aims to break down all barriers to using DeFi by offering a more efficient decentralized governance structure and an improved trading experience.

ZKX governance is completely built around active community members, allowing loyal members to influence decisions and the trajectory within the exchange. Users can gain a voting power within ZKX DAO in a two different ways: 

• Trading: traders can increase their voting power within ZKX through the High Tide rewards distribution algorithm. During each trading session, the algorithm identifies the most loyal and active community members based on factors such as size (volume), frequency, consistency, and affinity to one of four ZKX trading clans, displaying their score on the leaderboard. At the end of each trading session, the platform allocates traders with ZKX Digital Shares according to their position on the leaderboard;
• Staking: users can also gain their ZKX digital shares by staking $ZKX token. The main criterias for accruals for those points are duration, quantity of tokens locked, and the percentage of the protocol's revenue distributed to the staking pool, which is determined by other community members during votings. 

Find more information about ZKX DAO voting in this blog post.

The entire exchange is powered by its native $ZKX token, primarily used in governance and liquidity incentivizing on the platform. Recently, ZKX shared its vision regarding ZKX token distribution and announced an early adopters airdrop campaign, allocating over 15% of the total supply. 

That’s why CoinLaunch team analyzed ZKX crypto project and found some pros and cons you need to consider before investing or participating in the ZKX airdrop: 

ZKX protocol pros:

• Unique, gamified interface as well as concept of the exchange;
• Very strong Growth marketing; 
• Involving and interesting DAO model; 
• Presence of tier 1 and tier 2 funds with $5.5M raise.

ZKX cons:

• Lack of security audits from top tier auditors;
• Poor PR performance;
• Weak marketing infrastructure.