What To Know:
- zkPass revealed its $ZKP tokenomics, setting a total supply of 1 billion tokens based on the ERC-20 standard.
- 48.5% of the supply goes to the community, with gradual unlocking over five years to support ecosystem growth.
- The token features a deflationary model, with periodic burns and DAO-led buybacks to sustain long-term value.
The privacy-protection protocol built around zero-knowledge proofs, zkPass, has released details of its native token, $ZKP. The ERC-20-based token will power zkPass’s verifiable data network and serve as a settlement and coordination layer for privacy-preserving verification across the internet.
The total supply of $ZKP is capped at 1 billion tokens, out of which 48.5% is allocated to the community. The distribution model places community growth at the center, while ensuring long-term sustainability through a mix of DAO governance, deflationary mechanisms, and strategic reserves.
According to the official statement, $ZKP will be the medium for settlement, validator collateral, governance participation, and service access within the zkPass ecosystem. The crypto also supports cross-system verifiability, allowing developers and enterprises to integrate zk-based verification services directly into their infrastructure.
zkPass Token Allocation Plan
The community allocation of 48.5% includes several areas such as verifiable airdrops, ecosystem incentives, and marketing partnerships. Of this, 12.5% will be unlocked at the Token Generation Event (TGE), followed by a gradual release with 6% in the first three months and 30% monthly over five years.
Early investors of the project will hold 22.5% of the supply. These tokens will remain locked for 12 months before an 18-month linear release begins. The team has allocated 14% to core contributors, subject to a 24-month lock-up and a 24-month linear vesting afterward.
The DAO treasury, designed to support ecosystem grants, governance activities, and emergency funds, receives 10% of the total supply, released gradually over five years. Another 5% is reserved for liquidity and market bootstrapping, fully unlocked at TGE.
The initial circulating supply will therefore remain limited, with no tokens unlocked for team members or investors at launch. This approach, zkPass believes, aligns the protocol’s early growth with community participation.
Apart from the distribution, the token design integrates a deflationary mechanism. A portion of settlement fees paid in $ZKP will be burned periodically, gradually reducing the circulating supply. The DAO is also expected to conduct buybacks using protocol revenue, ensuring stability and long-term value alignment.
$ZKP will function as the settlement medium for proof generation and verification within zkPass. Validators will stake $ZKP as operational collateral, ensuring reliability and uptime. Every verification, computation, and integration on the network will be recorded through $ZKP-based credits.
Developers and enterprises will also need $ZKP for API access to zkPass’s privacy-preserving data tools, making it the core economic unit for service interaction.
zkPass was created around a simple premise: the internet can show information, but it rarely proves it. The project aims to replace assumption-based trust with cryptographic verification. Through zkTLS, its native zero-knowledge protocol, zkPass allows users to generate proofs of real-world credentials without exposing the underlying data.
From financial records and educational certificates to identity attestations, zkPass enables users to prove authenticity without surrendering privacy. The $ZKP token is central to this verifiable framework, coordinating activity between validators, verifiers, and service users.
All governance and administrative functions will be managed by zkPassDAO, a Swiss-based non-profit association overseeing ecosystem stewardship. The DAO will handle community-driven updates, treasury management, and future protocol adjustments.
The project has also clarified that $ZKP is a utility token strictly for operational use within the zkPass network. It carries no equity, profit-sharing, or ownership rights, and may be subject to jurisdictional restrictions, including in the United States.
Also Read: dYdX Community Proposes Full Fee Buyback Trial to Boost DYDX Value
