Zircuit Initiates ZRC Token Airdrop with Binance and Pantera Capital Support

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Zircuit has initiated the airdrop process for its ZRC token, an EVM-compatible zero-knowledge rollup.
The platform aims to protect users from smart contract exploits and malicious actors using built-in automated AI techniques.
Martin Derka, co-founder of Zircuit, elaborates on the advantages of their breakthrough sequencer-level security technology.

Stay ahead in the crypto universe with Zircuit’s innovative solutions; learn about the ZRC token airdrop and more in this detailed article.

Zircuit Launches ZRC Token Airdrop

Zircuit, a cutting-edge platform designed to safeguard users with automated AI techniques, has announced the commencement of the ZRC token airdrop. This zero-knowledge rollup aims to function as a central hub for various assets, including Ethereum, Bitcoin, liquid staking tokens, and liquid restaking tokens, allowing users to generate yield natively.

Phase 1 of Zircuit’s Mainnet

During Phase 1 of its mainnet launch, Zircuit enables users to bridge their funds to the rollup. This initial phase includes over 60 projects like Ambient Finance, DODO, Circuit, Zerolend, Ethena, Lynx, InstaDapp, LogX, and Shoebill, allowing participants to test the ecosystem. The amount each wallet can bridge is initially limited, with plans to increase these limits over time. Currently, only Ethereum can be bridged, but the project plans to incorporate other assets in the future to facilitate a secure startup and broader reward distribution.

Incentives with ZRC Tokens

The project has also launched the “Zircuit Mainnet Festival,” incentivizing users to pay gas fees on the Zircuit mainnet using ZRC tokens. This initiative aims to reward users and promote token utility within the ecosystem.

ZRC Token Airdrop Claims

Starting on Monday, Zircuit kicked off the first season of ZRC token airdrop claims, rewarding early adopters who participated in the 2.5 billion dollar staking program initiated during the testnet phase last November. Participants in the project’s staking campaign can now claim their tokens, with 7% of the total ZRC supply allocated to first-season participants. The total supply of ZRC is 10 billion tokens, with approximately 262,200 unique addresses eligible for claims.

Investments and Future Prospects

Crypto exchange Binance’s venture capital arm, Binance Labs, announced an undisclosed investment in Zircuit, supported by Pantera Capital. Though the size of the investment and other terms remain confidential, this financial backing is a significant endorsement of Zircuit’s potential and technological prowess.

Conclusion

Zircuit is pushing the envelope with its innovative zero-knowledge rollup and robust AI-driven security features. As the ecosystem expands with the introduction of the ZRC token and an array of projects, users can look forward to a more secure and rewarding experience. With significant backing from industry giants like Binance Labs and Pantera Capital, Zircuit is well-positioned for future growth and success in the crypto arena.

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