PRESS RELEASE. ZKSwap developed by L2Lab is the first tier2 dex based on ZK-Rollups technology and uses the AMM model. The team has recently closed a $ 1.7 million Angel Round led by Bixin, followed by Longling Capital, SNZ Holding, FBG Capital, Jubi, and Consensus Lab.
After launching on the Ethereum Ropsten test network on November 16th, 2020, many members of the community have participated in the test and helped ZKSwap improve the product. To give back to the community, ZKSwap launched several testnet incentive programs for the users starting from November 27th, 2020, Beijing time.
Details of the incentive program campaign were published on the official website of zks.org. ZKSwap will give away 1 million ZKS for those users who are helping to test the tier2 transaction this time around. There will be no public fundraising for ZKSwap and the community incentive program is a rare opportunity to receive a ZKSwap ZKS governance ticket.
ZKSwap is the first tier2 dex based on ZKRollup using the AMM model. Users can now deposit and withdraw between ZKSwap’s tier 1 and tier2 wallet, exchange tickets, transfer tickets, and add / remove liquidity on ZKSwap with real-time transactions and zero gas fees. ZKSwap is led by Alex Lee and a lean technology team with rich experience in knowledgeless R&D.
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