Well team needs funds for sure, and don’t forget that 3 million USDC is right now in their hands so they can use that for liquidity. But if they want some investments from other protocols, what do we have to offer? Tokens? cause we don’t have them anymore. I am under the impression that ZkFair is already backed by Lumoz and Polygon in the background.
Yes, it’s true that 3 million can provide liquidity to bridges and some pairs on DEX, but this is quite small, investments from venture funds are needed in order to launch the construction of the ecosystem along with this, in this case I agree that grants in the amount of 1,000,000 USDС are too much a lot, so it might be worth changing some of the terms in my article to make it eligible for the final vote.
At the same time, @SoMe0nE, you raise a very interesting question that I ask myself, if the team says that it will distribute gas to the holders of the $ZKF token and community, then how should the project be profitable for venture capitalists?
In my opinion, it is very important that the team should set up the work of ZKFair blockchain and let the blockchain itself be non-profitable and work for the community and each owner of the $ZKF token is the owner of shares in the project and will receive dividends in the form of commissions, at the same time, all other projects that the team or builders will launch, I mean the main DEXs, NFT Marketplaces, aggregators and other platforms that are already a gems for investors.
That is, projects built on ZKFair will attract very large user traffic because it’s working on people not some centralized group of people or person, thereby all projects in the ecosystem will be very profitable and venture capitalists will be able to make their investments profitable. The main idea is to launch a blockchain that people will love because it is fair. So all other products can be so much profitable and interesting to invest IMHO.
Alright, thanks for leaving some words here but I’d like to discuss something fundumentally. What do you think about last post in this thread? I decided to update the things around the grants so check it now.
Where will the money for grants come from? gas commissions?
Hello @terrobrain, as I stated above, the team can cover the costs with the money that people burned on commissions, but on the other hand, 10% of the total capital is also quite a lot, given that you need to add liquidity to bridges, exchanges, and so on.
Key idea is to simultaneously attract investments from venture funds and launch an ecosystem Fair Build program, this will make it possible not to waste time on development, projects will be interested in building and at the same time, when important and profitable projects appear on the ZKFair blockchain, venture investors will they will be more willing to bring and invest money.
You can read more details in this post that I wrote a few minutes ago.
Good morning boys.
Here some updates
Fair Build is a grant program on ZKFair that will take place in #3 stages, the rewards in each of them may increase and change.
Fair Build #1 will be held from January 7-30 in which absolutely all projects from the blockchain infrastructure can participate, the prize fund of the first stage is 300,000 $USDC.
Rewards will be distributed as follows among 5 best project on ZKFair:
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1nd place project will receive 100,000 $USDC;
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2nd place project will receive 80,000 $USDC;
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3rd-5th places will receive per 40,000 $USDC.
Voting and decision-making will be diversified, there will be a balance between the votes of the ZKFair team and partners/the votes of holders who stake their $ZKF tokens.
FAIR MODE ACTIVATED
The rewards are very enticing
Yes, I agree, it is quite attractive for projects to start development on ZKFair, and at the same time 1 million $USDC is a lot at this stage, so it is worth launching the program in different stages(from 3-5 I think) at the first by allocating a pool of 300,000 $USDC, which is not so much at the same time interesting for ecosystem development.
Gm @hcrawler this gif is dope and it looks perfect according to what we’re discussing here.
Also we can create the nominations in which projects will be selected depending on the blockchain industry in which they operate.
FAIR MODE ACTIVATED
Seems as a plan. GJ dude
Nice to meet you @Waster yeah, hope so.
ZKFair can implement it and give this idea a chance so let’s just wait for tomorrow announcement, now just Happy New Year ZKFair Community!
do you think that investors will be ready to bring money to completely unknown people who gave their coins into the hands of all farmers and communities?
Hey @matt.eth interesting question actually! I’d like some ZKFair team member to participate in discussion but here are my thoughts.
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First of all
FAIR MODE ACTIVATED
don’t forge about it, so devs could go away with those 120m+ $USDC, but they’re fair and connected with top-tier projects like Polygon, Lumoz, Celestia. If you’re into their ecosystem you could have a twitter space which showed to the Web3 who they are and their great intentions to make great moves. -
Token ZKF and its airdrop - this is not the same as the functioning of the blockchain, and ownership of the token, price, capitalization will influence people’s attitudes towards the blockchain, but this is not the same thing. I’m sure the ZKFair team has a solution to accumulate these tokens into their treasury from the commissions spent by people, and at the same time they will create a good staking program that will be interesting for big players, as you noticed above.
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And lastly, of course, the project has risks in launching, but the main point is that their idea is a revolution in its own way, something new, so in this phase of the market, venture funds will be interested in getting into the profitable wave.
Intriguing insights into ZKFair’s roadmap! The article’s blend of research and optimism sparks curiosity about the project’s future. More please!
great idea! i like it
Could you plz give me credit, If you are using my gif
Hello @ali1996 this is not a roadmap for the project, I hope the team will take though some ideas for themselves and we will see them implemented in the future.
Yeah, of course I forgot just to mention you.
This genius gift is made by @hcrawler
And check his article too, real ones support each other!
well said I trust you man
waiting for the day ZKFair will find investors and our drop will turn into a life change