Zks.org Airdrop Review: Additional Bonus Rewards will be Distributed

About Zks.org

Zks.org is a token Swap protocol based on Automated Market Maker (AMM). Through ZK-Rollup technology, the full set of uniswap functions are realized in Layer-2, while providing unlimited scalability and privacy. They provides liquidity providers and traders with ultra-high throughput Swap infrastructure, and transactions do not require any Gas fees.

Zks.org is a brand new exchange protocol based on ZK-Rollups technology. Through Zk-Rollups technology, all ERC20 tokens are transferred to Layer2, and the consistent state of Layer1 and Layer2 is guaranteed based on continuously generated zero-knowledge proofs. This solution allows all exchanges to execute on Layer 2, achieving real-time swap with zero gas fees, unlimited scalability, removing the constraint from the Ethereum’s TPS, and block confirmation time.

Step-by-Step Guide

1. Hold ZKS in Zks.org layer 2.
2. A snapshot will be taken every day for four weeks during the campaign period.
3. The basic savings reward a user receives will be based on the lowest value of all snapshots during the week. The basic rewards will be distributed on the following Monday with an annualized APY of 10%.
4. Additional bonus rewards will be distributed after four weeks based on the lowest value of the account’s holding during four weeks with an annualized APY of 10%. The bonus rewards will be distributed after the end of the campaign period.
5. For more information regarding the airdrop, see this Medium article.

ERC20 Tokens

Zks.org (a ZK-Rollups-based Swap protocol) is a brand-new exchange protocol based on ZK-Rollups technology. Through Zk-Rollups technology, all ERC20 tokens are transferred to Layer2, and the consistent state of Layer1 and Layer2 is guaranteed based on continuously generated zero-knowledge proofs. This solution allows all exchanges to execute on Layer 2, achieving real-time swap with zero gas fees, unlimited scalability, removing the constraint from the Ethereum’s TPS, and block confirmation time.

The user no longer has to wait for the one-block confirmation time for each transaction. The enables a DEX to provide the smooth user experience of a centralized exchange(CEX) while allowing the users to have full custody over their funds. We believe that ZKSwap is the future form of trading. It will trigger a significant evolution of all existing DEXes and CEXes.

Features

Decentralization

Zks.org Users have complete control of their assets, transactions do not require authorization, and have good privacy and higher liquidity.

Ultra high TPS

Based on ZK-Rollup technology, transaction TPS can be increased by multiple orders of magnitude.

No GAS

Liquidity providers and users do not need to pay high gas fees, which greatly reduces the threshold for use.

Technology

Layer-2 server

The server can interact with users through the WebSocket interface, and can also monitor transactions on the Ethereum blockchain. All legal transaction requests will be placed in the ZKSwap memory pool, which will ultimately be processed by the Swap Engine.

Plonk zero-knowledge proof system

Zks.org zero-knowledge proof system adopts a distributed architecture and uses the latest zero-knowledge proof algorithm PLONK to generate proofs. PLONK’s global trust setup only needs to be generated once, and applications with a certain range of circuit scale can be reused, which greatly reduces the threshold for using zero-knowledge proof.

ZKSwap Decentralized Swap Protocol

This white paper implements a Layer 2 AMM decentralized transaction protocol ZKSwap. Based on the ZK-Rollup technology, ZKSwap executes the full functionality of Uniswap on Layer 2, while ensuring the core value of decentralized exchange, increases the TPS by multiple orders of magnitude compared to Uniswap, and transaction processing hardly consumes any gas fees.