Ink, the Ethereum Layer 2 community powered by Kraken, has formally launched its lengthy-awaited INK token launch and airdrop plans. In accordance to a press launch by the Ink Foundation, the pass objectives to develop competition in opposition to the Depraved community developed by rival US-essentially based alternate Coinbase.
Coinbase has beforehand acknowledged that it has no plans to explain any native tokens for the Depraved community. Depraved officers acquire acknowledged that the community will most productive employ ETH as gas charges.
In accordance to the figuring out shared within the Ink Foundation’s announcement, the INK token is designed to be centered on utilization reasonably than speculation. Within the commentary shared on Ink’s reliable X (formerly Twitter) narrative, it modified into acknowledged that INK would be the splendid token mannequin for utilization capabilities most productive, with the expressions “No frills. No unsuitable administration theater. Aligned incentives from day one.”
The Ink Foundation also acknowledged that they aim for INK to take on a conventional role in decentralized finance (DeFi) capabilities. “For lending, buying and selling, and previous, INK will gas a solid DeFi ecosystem that is driven by customers and aligned with their success,” the commentary mentioned.
The total provide of INK tokens will most possible be miniature to 1 billion, and a “permanent provide cap” will most possible be launched for the token, which would per chance no longer be modified by any governance mechanism. In accordance to the Ink Foundation, the INK token won’t be feeble in governance choices; this is able to perhaps well well essentially be feeble to develop liquidity and abet the employ of capabilities on the community.
The predominant employ case for INK will most possible be a dedicated liquidity pool on Aave, providing a concentrated source of liquidity to both builders and on-chain customers.
An airdrop is planned for folks who take half in this liquidity pool on Aave. The Foundation hinted that multiple INK airdrops might per chance per chance well well be made within the future, but didn’t portion explicit particulars. The token launch will most possible be conducted by the muse subsidiary in expose to lower apt liability.
The Ink community is being developed as phase of Optimism’s “Superchain” ecosystem. Working alongside L2 networks from projects treasure Depraved, Sony, Uniswap, and World, it supplies a technological framework that facilitates the sharing of security, conversation, and governance all over Ethereum Layer 2s.
*This is no longer investment advice.
