As CEO, my priority would be nurturing a vibrant ecosystem of dApps and users on ZKFair through the following strategies:
1. Launch accelerator programs and grants to incentivize developers to build on ZKFair:
- Allocate up to $50 million in grants and investments for developers building dApps and infrastructure.
- Focus on DeFi, NFTs, gaming - innovative zk-native apps attracting users.
- Stage-based milestones for deploying on testnet and mainnet. Extra rewards for top performers.
- Have demo days and leaderboard contests to spur developer activity.
- Connect developers to mentors and VC firms for further funding possibilities.
2. Form partnerships with leading DeFi and NFT projects for them to deploy on ZKFair:
- Target top protocols like Uniswap, Aave, OpenSea with incentives and support.
- Streamline and document deployment processes for popular frameworks.
- Market to users of partner platforms for seamless migration of assets via bridges.
- Explore revenue share, staking rewards for native governance tokens as added incentives.
- Onboard celebrity artists and inform NFT collctors of benefits of minting on ZKFair.
3. Distribute a portion of gas fees to top protocol developers and governance token stakers:
- e.g. 25% of fees distributed pro-rata to developers based on TVL contribution.
- Another 25% as staking yields for locking governance tokens.
- This incentivizes developers to maximize protocol activity for greater rewards.
- Gives stakers an added APY, incentivizing locking tokens to secure network.
- Creates a positive feedback loop where both builders and governors are aligned on user growth.
4. Invest in cutting-edge zk-SNARK research to continuously enhance privacy and scalability of the network:
- Form research partnerships with leading academic institutions
- Fund grants and bounties to secure talent working on innovations in zero-knowledge proof systems
- Continually test integration of new SNARK constructions like PLONK and Halo 2 into our pipeline
- Target 100,000 TPS with sub-second finality as our scalability goal
- Enable optional privacy for transactions to protect against surveillance
5. Build slick user interfaces and easy onboarding flows to attract retail crypto users:
- Focus on simplicity and ease-of-use in UI/UX design principles
- One-click setup of wallet + faucet drips to remove friction
- Abstract away blockchain complexity from average users
- Fun gamification to incentivize engagement
- Ensure wide compatibility across devices and platforms
6. Promote ZKFair at top conferences and hackathons to spread awareness among developers:
- Sponsor and have booths at events like ETHDenver, Liscon, DeFi Summit etc.
- Distribute swags - shirts, mugs etc. with ZKFair branding
- Engage influencers and community builders to organically amplify visibility
- Offer bounties for participants building on ZKFair protocol
- Ultimately create vibrant meetup community hosting regular talks
7. Distribute governance rights and gas fee revenues to ZKF token holders to bootstrap the community and incentivize long-term holders:
- Allow stakers to vote on treasury distributions and protocol changes as part of DAO
- Dynamic peg for token value based on fee revenues to build intrinsic value
- Loyalty rewards for long-term stakers proves sustainability of community
- Enable fractionalized NFT representations of governance rights
- Overall instill sense of shared purpose and alignment with token holders