Kraken will debut ink, the new native token of his blockchain layer 2


By Hannah Pérez

Ink is announced, the new native token of the Kraken layer 2 Kraken. Its supply will be limited of 1,000 million and will be used to add liquidity and promote the development of DAPPs in the Ink network.

***

  • Ink is announced: the new native token of the Kraken layer 2 Kraken.
  • It will be a token with a limited supply of 1,000 million, for Ink liquidity.
  • The Ink Foundation invites users to be attentive to the next Airdrops.

The network Blockchain of Kraken He prepares to have his own native token. Ink.

Approximately six months have passed since cryptocurrency exchange Krakenone of the largest in the world by volume of negotiations, announced the official implementation of its block chain Capa 2 (L2) of Ethereum, Ink.

The launch was incorporated at that time to a broader emergence in the L2 solution ecosystem, a protocol type built on a Blockchain main (layer 1 or L1) with the aim of improving their scalability, speed and efficiency, without compromising your safety or decentralization. He also rivaled with Coinbasewhich in 2023 launched its own similar solution, Base.

Now, Kraken He is taking a new step forward when presenting a native token to Ink.

The INK Foundation, the non -profit organization that supports the homonymous layer 2, formally announced its plans to launch a token ink, ““Designed to unify users, protocols and creators throughout the INK ecosystem

Ink: The new Kraken L2 token

Although the details about the new Token are scarce, the Ink Foundation suggested in a statement that its supply could be scarce.

Without talk. No government theater. Only incentives aligned from the first day“, Published the official account X of the Foundation, describing ink as a”Unique Token Model designed for use, not for speculation

The INK Foundation will coin a fixed amount of 1,000 million tokens ink, whose dated coinage and other details will be announced later. This supply will have a permanent limit and will not be subject to changes through governance“, Clarifies the publication.

The use of INK will be primarily for the aggregation of liquidity and to encourage the use of network applications, as explained.

The incorporation of Token could help boost a “Solid ecosystem” From decentralized finance (defi) governed by users, the organization continued, where the uses extend from commerce to loans and beyond.

First case of use: AAVE Liquidity Fund

The first case of use will be released through a native liquidity fund developed by Aaveadvanced the note.

The INK Foundation expects this fund to help users and chain developers through a concentrated source of liquidity, which “will provide a new block of critical construction in the INK defi battery, governed and encouraged through Token Ink

Participants in the Ink liquidity fund in Aave They may opt for an upcoming airdrop (free tokens distribution). The organization hinted that there could be multiple Ink releases, although without delving into details.

Competing with coinbase

The movement, long expected, could help the network incubated by Krakento challenge Basethe L2 of its American rival.

It could also provide an advantage over its competition, since Coinbase He has systematically declared that he has no plans to launch a native token for his network Basewhich uses eth as Token of gas (network transaction rates).

Since its launch, Base It has quickly become one of the most active L2, with more than 10 million daily transactions, approximately four times more than the second most active network, Arbitrumaccording to data collected by The Block. Base also has the largest number of active addresses and attracts the greatest number of commissions, added that publication.

Ink, based on OP Stack of Optimism and is part of the ecosystem Superchain— It has been relatively behind, with a total blockade (TVL) of USD $ 7 million in its defi protocols, compared to the USD $ 3.7 billion Baseaccording to Defill.


Hannah Estefanía Pérez / Diariobitcoin

Edited image of Unspash

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

Subscribe to our newsletter



Similar Posts