Decentralized Derivative Agreement ZKX Launches Public Testing Network on StarkNet

04/01/2023 01:49 • Metaverse Matters • 149 views

On April 1st, the decentralized derivative agreement ZKX announced that it has now launched the StarkNet public testing network, which has more than 40 tasks. Users can participate in feedback to obtain OG level roles and receive future ZKX token rewards.

The decentralized derivative agreement ZKX has been launched on the public testing network

ZKX, a decentralized derivative agreement, announced on April 1st that it has launched the StarkNet public testing network. This marks a significant milestone for the platform, as it moves closer to its full launch later this year. Here’s what you need to know about ZKX, StarkNet, and how you can participate in the public testing phase.

What is ZKX?

ZKX is a decentralized finance (DeFi) platform that enables users to trade derivatives in a trustless, peer-to-peer network. The platform is built on the Ethereum blockchain, and uses zk-rollups technology to provide fast, secure, and scalable transactions. ZKX aims to make derivatives trading accessible to a wider audience, without the need for intermediaries or central authorities.

What is StarkNet?

StarkNet is a Layer 2 scaling solution for Ethereum that enables high-performance, low-cost transactions. It uses zk-rollups technology to pack multiple transactions into a single proof, which is then verified on the Ethereum mainnet. This allows for faster, more efficient transactions, and reduces gas fees for users. StarkNet is designed to be developer-friendly, with support for Solidity, EVM, and other programming languages.

How to Participate in ZKX Public Testing

ZKX has launched its public testing phase on the StarkNet network, with more than 40 tasks for users to complete. These tasks include trading, providing liquidity, and testing the user interface. Users who participate in the feedback process can earn OG level roles and future ZKX token rewards. To participate, users will need to connect their Ethereum wallet to the StarkNet network using a compatible wallet such as Metamask. From there, they can access the ZKX platform and begin testing.

Benefits of ZKX and StarkNet

The launch of ZKX on the StarkNet network has several benefits for users. First, it enables faster, more efficient transactions, thanks to the zk-rollups technology. Second, it reduces gas fees for users, making derivatives trading more accessible to a wider audience. Third, it provides a developer-friendly platform for building and deploying decentralized applications on the Ethereum network. Finally, it offers potential rewards for users who participate in the testing phase, in the form of OG level roles and ZKX tokens.

Conclusion

ZKX’s launch on the StarkNet network is a significant step forward for the platform, as it moves closer to its full launch. The public testing phase offers users the opportunity to participate in the development process, while also potentially earning rewards. With its focus on decentralized, trustless derivatives trading, ZKX is poised to be a major player in the DeFi space. Keep an eye on this platform as it continues to evolve and innovate.

FAQs

1. What is ZKX?
ZKX is a decentralized finance (DeFi) platform that enables users to trade derivatives in a trustless, peer-to-peer network.
2. What is StarkNet?
StarkNet is a Layer 2 scaling solution for Ethereum that enables high-performance, low-cost transactions.
3. How can I participate in the ZKX public testing phase?
Users can participate in the testing phase by completing tasks on the StarkNet network, and providing feedback to the ZKX development team.

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