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What does native token mean (zksync’s native token)?

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What does native token mean? According to bitcoinist news, Bitcoin is defined a

What does native token mean (zksyncs native token)?

What does native token mean? According to bitcoinist news, Bitcoin is defined as part of a new currency system. It was invented by a computer scientist named Bitcoin (BCH) or Satoshi Nakamoto. According to one of the authors of this report, this cryptocurrency has many different characteristics: decentralization, immutability, and fungibility, and it operates alongside other digital tokens. These new types of blockchain projects are superior to existing traditional systems in some ways.

Therefore, if people want to use a native currency for investment purposes, they need to create their own native token. This means that users can use their tokens to obtain some form of reward and can also use them as collateral to borrow funds, thereby earning more fees.

zksync’s native token

On August 11th, zksync, an Ethereum scaling solution, announced that its native token ZRX would start distribution in mid-September 2022. Currently, each address can mint up to one ZRX, of which 25% will be used for incentivizing early participants, staking rewards, and transaction fee income (approximately $30,000). 30% will be allocated to the zkSync Foundation and Zcash team; an additional 15% will be distributed over the next year, including 5% of protocol fees, gradually decreasing to 1% in the following year.

According to previous reports, ZKSwap completed a $5 million strategic financing round by the end of August, with a16z leading the investment and participation from Circle Ventures and others.

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