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ZKsync announces massive ZK token launch, that’s all

TokenTalk Staff

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ZKsync announces massive ZK token launch, that's all

Breaking new ground in the blockchain arena, the ZKsync The association announces a monumental event: a massive token launch poised to transform the landscape for nearly 700,000 eligible wallets. Leading the charge is Matter Labs’ visionary founder and CEO, Alex Gluchowski, who demonstrates an unwavering commitment to empowering real individuals. This initiative, launching next week, marks a pivotal moment in decentralized finance, promising widespread impact and innovation.

ZK token distribution mechanics revealed

The ZKsync Association is ready to distribute 17.5% of the Total supply of the ZK token, equal to 3.675 billion tokens, to the first users of the Ethereum Layer 2 network, ZKsync. This unique, monumental airdrop opportunity allows users to claim their tokens from next week until January 3, 2025.

Additionally, contributors can seize their share starting June 24. The distribution strategy reflects a deliberate allocation, with significant portions earmarked for community-led initiatives, underscoring a commitment to decentralized governance and growth.

A noteworthy aspect of this allocation strategy is the deliberate decision to allocate a larger share to the community through the airdrop, exceeding the allocations to Material laboratories team and investors. This move underlines the association’s commitment to enhancing community-led governance, ensuring that stakeholders have a substantive interest in shaping the future of the protocol.

With 695,232 wallets selected for the airdrop, eligibility and allocations were meticulously determined based on asset snapshots captured on March 24, 2024, marking a significant milestone in the ZKsync era. The 17.5% ZK token allocation is split between two distinct categories of community members: users (89%) and contributors (11%).

Users include individuals who have actively transacted on ZKsync, reaching pre-defined activity thresholds, while contributors span a diverse spectrum, including developers, researchers and community supporters. Furthermore, a portion of the supply is allocated to experimental communities, encouraging innovation and exploration within the ecosystem.

Read also: XRP Price Approaches $0.5 Level As Whales Shuffle 87 Million Coins, What’s Next?

Involve the Community through a points system

The community airdrop operates on a points-based system, where wallets earn points for various actions, including interacting with 10 smart contracts on ZKsync Era, depositing liquidity into DeFi protocols and trading more than 10 ERC-20 tokens, among others. This intricate system incentivizes active participation and engagement within the ZKsync ecosystem, rewarding users for their contributions and involvement.

After points are awarded, wallets receive allocations based on assets connected to ZKSync Era, with multipliers applied based on Ethereum mainnet and network activity. To ensure equitable distribution, excess tokens are recycled into the pool, culminating in a minimum allocation of up to ZK 917 per wallet.

In particular, airdrop tokens boast immediate liquidity, without maturation periods or lock-ups, giving recipients autonomy over their assets. While concerns may arise about sales pressure, Gluchowski emphasizes the central role of community governance, urging recipients to actively participate in shaping the future of the protocol.

Read also: Japan’s Metaplanet accumulates more Bitcoin, bringing its total holdings to $9.6 million

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Sealana Token Is Claimed to Be the Next Meme Coin to Explode as Pre-Sale Ends in Just 5 Days – Branded Spotlight Bitcoin News

TokenTalk Staff

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Sealana Token Is Claimed to Be the Next Meme Coin to Explode as Pre-Sale Ends in Just 5 Days – Branded Spotlight Bitcoin News

https://news.google.com/./articles/CBMid2h0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9zZWFsYW5hLXRva2VuLWlzLWJlaW5nLWJhY2tlZC1hcy10aGUtbmV4dC1tZW1lLWNvaW4tdG8tZXhwbG9kZ S1hcy1wcmVzYWxlLWVuZHMtaW4tanVzdC01LWRheXMv0gEA?hl=en-US&gl=US&ceid=US%3Aen

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Mexican Cartels Using BTC, ETH, USDT, and Other Tokens to Buy Fentanyl Precursors: US Treasury

TokenTalk Staff

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Mexican Cartels Using BTC, ETH, USDT, and Other Tokens to Buy Fentanyl Precursors: US Treasury

The US Treasury Department’s Financial Crimes Branch has reported the growing use of several crypto assets to support Mexican drug trafficking

The US Treasury Department’s Financial Crimes Branch has reported the growing use of several crypto assets to support Mexican drug trafficking

The US Treasury Department’s Financial Crimes Branch has reported the growing use of several crypto assets to support Mexican drug trafficking

AccessTimeIconJune 20, 2024, 5:08 pm

Updated June 20, 2024, 10:04 pm

US authorities have warned of Mexican cartels using cryptocurrencies to buy precursors to make fentanyl. (Jesse Hamilton/CoinDesk)

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Bitcoin, Ethereum and Furrever tokens with cutting-edge 10% referral bonus.

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Bitcoin, Ethereum and Furrever tokens with cutting-edge 10% referral bonus.

New York City, NY, June 20, 2024 (GLOBE NEWSWIRE) —

Looking to the future of cryptocurrencies, Bitcoin remains strong as the market leader, while Ethereum continues to fascinate meme coin enthusiasts. Now, Furrever token is ready to join the fray. This article looks at what Furrever Token brings to the table alongside these giants.

Bitcoin price continues to fall as whale activity deepens

Bitcoin price fell below $65,000 on Wednesday, after expanded whale exercises that will be offered orders. Meanwhile, hedge funds have experienced a slowdown in the introduction of Bitcoin, which could be fueled by a steady surge in Bitcoin ETFs.

Ethereum ETFs may not cause the price of ETH to rise as many predict

The price of Ethereum (ETH) has risen more than 4% in the past 24 hours after the Securities & Exchange Commission (SEC) abandoned its examinations of Ethereum 2.0 amid the desire for spot ETH ETFs. In any case, subsequent ETH energy ETFs may not lead to the expected price increase.

The Furrever token stands out for its innovative 10% referral program.

The Furrever Token presale has so far raised over $1.3 million, with the project currently at level 9 and aiming for a total of $1.9 million.

Furrever Token offers delightful customer engagement focused on feline-themed symbolism and community-driven engagement. The untapped referral framework allows customers to earn 10% in $FURR tokens for every store created via their individual referral connection, making for a fabulous passive income opportunity. This framework does not incentivize users, but also cultivates the natural development of the community.

Backed by a comprehensive review by Securi Lab, Furrever Token ensures a secure and reliable stage for its customers. The project guide incorporates the progressive integration of feline-themed material and the energy of future shocks, situating it as an interesting and enjoyable speculation within the crypto space.

Don’t miss the opportunity to include Furrever Token in your venture portfolio and get ready to rule the meme coin industry. Visit www.furrevertoken.com to secure your tokens and be part of this crypto space.

Join the Furrever token presale now:

Official website of the Furrever token

Visit the Furrever token presale

Join the official Telegram group

Follow the official X account

Media contact:
Roberto Smith
https://furrevertoken.com/
support@furrevertoken.com

Disclaimer: The information provided in this press release does not constitute a solicitation for investment, nor is it intended as investment advice, financial advice or business advice. We strongly recommend that you practice due diligence, including consulting with a professional financial advisor, before investing in or trading cryptocurrencies and securities.

CONTACT: Robert Smith

support at furrevertoken.com




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Altcoins on the move! Do ImmutableX (IMX) and LimeWire (LMWR) Suggest a 20% Uptrend?

TokenTalk Staff

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Top Four Altcoins with 100X Potential to Stack Right Now

The cryptocurrency market continues to see negative price action over the past few days with elite cryptocurrencies such as Bitcoin AND Ethereum tokens that experience significant corrections in their respective portfolios.

However, on the other hand, altcoins have seen growing bullish sentiment, with mid- and small-cap tokens recording the highest gains. Tokens like LimeWire (LMWR) and ImmutableX (IMX) have seen a massive uptrend in their valuations this week.

With increased price volatility in the cryptocurrency space, will these altcoins continue to overwhelm major crypto tokens this month?

IMX Crypto Sees Increase in Price Volatility:

The ImmutableX token gained around 1% in the last 24 hours and recorded a +3.86% change in its trading volume. Furthermore, the IMX price has added over 9.50% to its portfolio in the last 3 days. However, its weekly returns stand at -11.19%, indicating mixed price action.

TradingView: IMX/USDT

With a trading price of $1.59 and a market capitalization of $2.4 billion, the ImmutableX coin price has successfully secured the 39th position in the global cryptocurrency market list.

The technical indicator, RSI, shows a bullish crossover in the 1D time frame. However, the 50/200 day EMA has registered a Death Cross, highlighting mixed sentiment for the price of IMX coin in the cryptocurrency market.

If the market pushes ImmutableX price above the $1.677 resistance level, the bulls will continue to rise and prepare to test its upper high of $2.12. Conversely, a trend reversal could push the IMX cryptocurrency towards its crucial support level of $1,235 in the coming times.

Does LimeWire (LMWR) price suggest a bullish reversal?

LMWR price has seen an increase of 34.85% in the last day with a 107% increase in trading volume. On the positive side, with the altcoin’s recent surge, it has leveled out all the losses incurred this year. This indicates a growing bullish sentiment for the LimeWire token in the market.

TradingView: LMWR/USDT

The SMA indicator shows a positive crossover on its price chart, highlighting a strong bullish reversal for the LMWR token in the crypto space.

On the other hand, the Moving Average Convergence Divergence (MACD) records a steady uptrend in its green histogram with its averages showing an increasing pattern. This highlights a high possibility of bullish price action in the coming period.

If the bulls continue to gain momentum, the LMWR price will break above the $0.450 mark and head towards the $0.690 upper resistance level. However, in case of a bearish price action, LimeWire price could lose momentum and plummet towards the crucial $0.2210 support level.

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