Token Utility
Last updated
Last updated
Staking for Real-Yield Rewards
Earn from Fees: Users can stake $ZKIN tokens to earn real-yield rewards derived from the fees generated by zkInfra platform. This staking mechanism incentivizes long-term holding and active participation in the ecosystem, offering a direct benefit from the platform's usage and success.
Paying Transaction Fees within zkIN Wallet
Facilitating Transactions: $ZKIN tokens are used to pay for transaction fees within the AA smart contract wallet, streamlining the process for executing smart contract interactions and decentralized application (dApp) functionalities. This utility ensures the smooth operation of transactions, promoting a frictionless user experience.
Paying Service Fees for zkIN Cloud Computing
Access to Resources: Users utilize $ZKIN tokens to pay for rental fees in the cloud computing feature, enabling access to decentralized storage solutions and GPU resources for AI model training. This payment utility supports the ecosystem's cloud infrastructure, ensuring resources are accessible for innovation and development.
Governance
Voting Rights: Holding $ZKIN tokens grants users the ability to delegate their voting rights, playing a crucial role in the governance of the zkInfra DAO. This democratizes decision-making and ensures that the direction of the platform aligns with the community's interests.
Buy Back & Burn Program
Sustainable Value: A portion of the zkInfra platform's fees is allocated to a monthly Buy Back and Burn Program, systematically reducing the total supply of $ZKIN tokens over time. This initiative is designed to create deflationary pressure on the token supply, potentially increasing its value and demonstrating the platform's commitment to token holders' long-term interests.