ZKSwap launched a new $100 million round of PoS mining
According to ZKSwap's economic document, 2.5% of the total ZKS tokens (25 million ZKS) will be distributed as rewards for Proof-of-Staking mining during the first year.
ZKSwap (ZKS) is a Layer 2 DEX module using an automated market maker (AMM) based on Practical ZK-Rollups, the ZKSpeed protocol.
"We are launching a new round of Proof-of-Staking mining on February 25, 2021 at 6:00 p.m. Beijing time. Four betting periods of 30, 60, 180 and 360 days are offered, corresponding to 1x, 2x, 4x and 8x reward ratios. A total of 15.24 million ZKS will be distributed as rewards, which is currently about $100 million," ZKSwap said in an official announcement.
