This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Zyfi has officially launched a community sale aimed at both whitelisted users and the general public. This initiative follows a successful $3 million private funding round and is designed to engage early adopters in the Zyfi token journey.
Community Sale Phases
The community sale consists of two distinct phases: the Whitelist Phase and the Public Phase. The Whitelist Phase allows Zyfi’s partners and community members to invest 24 hours before the public sale. Participants in this phase will receive a 10% cashback in ZK on their investment amount as an incentive for early involvement.
Following the Whitelist Phase, the Public Phase will open to all interested investors. Participants in this phase can invest under the same terms as the Whitelist Phase, but they will not receive the ZK reward. This structure aims to encourage participation from a broader audience while rewarding early supporters.
Enhancing On-Chain Experiences
Zyfi is dedicated to improving on-chain experiences by simplifying transaction processes and increasing accessibility for users. The platform has already processed over 1.5 million transactions for more than 200,000 users on ZKsync. It has also deployed its smart contracts across various chains, including Cronos zkEVM, Abstract, and PlayFi.
This demonstrates Zyfi’s versatility and commitment to expanding its presence in the blockchain ecosystem. Partnerships with notable entities such as SyncSwap, PancakeSwap, and Koi Finance further enhance Zyfi’s market position, allowing it to serve as an official paymaster.
ZFI Token and Governance
Central to Zyfi’s ecosystem is the ZFI token, a utility token essential for the platform’s operations. ZFI can be used to pay gas fees on the Zyfi platform and its integration partners, offering users a direct 20% discount on total gas costs when using the token. This feature aims to make transactions more cost-effective, promoting broader adoption among users.
Additionally, ZFI holders can acquire stZFI, the governance token of the Zyfi DAO. By holding and staking ZFI tokens, users can participate in governance decisions, influencing key aspects such as fee activation, reward allocation, and grant distribution. With 30% of the total supply controlled by stakers, this governance model empowers the community and fosters a sense of ownership.
Community Engagement Tools
Zyfi has introduced a checker tool that allows users to verify their eligibility for participation in the community sale. This tool ensures that whitelisted users can fully benefit from the offerings. It is part of a broader strategy to enhance community engagement and facilitate a seamless investment experience.
As the platform approaches its token launch event, excitement continues to build around Zyfi’s innovative approach to on-chain experiences. By leveraging advanced technologies and fostering strategic partnerships, Zyfi is positioned to make a significant impact in the blockchain space.