George Town, Grand Cayman, August 5, 2024, Chainwire
Zircuit, a fully EVM-compatible ZK development stack with AI-enabled sequencer-level security, today announced that Mainnet Phase 1 is now live. Mainnet Phase 1 also includes the launch of the Zircuit Mainnet Festival, a first-of-its-kind program that rewards ZRC and provides the opportunity to win great prizes in proportion to the gas spent on the Zircuit network.
To reward users who participated in its successful staking program with over $2 billion in staked tokens, Zircuit also opened Season 1 Airdrop Claims. Active staking users in the Season 1 Points Campaign can now claim their tokens.
During Mainnet Phase 1, users will be able to transfer funds to the Zircuit mainnet and interact with projects in the Zircuit ecosystem including Ambient Finance, DODO, Circuit, Zerolend, Ethena, Lynx, InstaDapp, LogX, Shoebill, and more. Developers can also deploy applications on the Zircuit mainnet and join the thriving ecosystem of over 60 projects.
As part of the launch, Zircuit is hosting the Zircuit Mainnet Festival, which rewards users with ZRC tokens every time they pay gas fees on the Zircuit mainnet. Additionally, participating users will have the chance to win prizes and a super prize of 100,000 ZRC. This festival encourages users to interact with the network and experience the benefits of Zircuit while earning ZRC tokens and prizes.
Mainnet Phase 1 will introduce a limit on the amount each wallet can transfer, with limits increasing over time. During this initial phase, users can only transfer ETH, with other assets planned to be added progressively. This allows Zircuit to launch as safely as possible and provides a wider distribution of Zircuit rewards to smaller wallets.
During this phase, Zircuit opens the ZRC token claiming portal to reward users who were early contributors and participants in the network. Those who earned Zircuit Points in Zircuit Staking Season 1 will be eligible. While tokens can be claimed during this time, they will not be transferable until a later date. To prepare for the asset migration in Phase 2, where staked assets will be transferred from the mainnet to the Zircuit mainnet, Zircuit will begin collecting wallet addresses from users who intend to move their staked assets once the network is fully live.
“The launch of the first phase of the mainnet is an important milestone for us. Developers and users can now experience all the benefits of Zircuit and our innovative technology, Sequencer-level security. Additionally, the Mainnet Festival is a pioneering mechanism that more directly rewards active early adopters. We see Zircuit as the foundation for the next wave of innovation in web3 and look forward to seeing what decentralized applications will be built on Zircuit next.” said Martin Derka, co-founder of Zircuit.
Zircuit protects users from cyberattacks through its built-in automated AI techniques that protect users against smart contract attacks and malicious actors. Backed by its robust security infrastructure, Zircuit is the central hub for staked assets that offers unparalleled security and enables users to earn industry-leading returns natively. Zircuit is the premier liquidity hub for staked assets (ETH, BTC, LST, and LRT) where users enjoy stronger security and trust guarantees.
During Phase 1 of the mainnet, users can explore the Zircuit ecosystem at zircuit.com/#ecosystem and explorer.zircuit.com and bridge ETH to the Zircuit mainnet at bridge.zircuit.com. Phase 2 of the Zircuit mainnet is scheduled to launch in August.
Users can claim their tokens by visiting claim.zircuit.com and participate in the Zircuit Mainnet Festival by visiting festival.zircuit.com.
For more information about Zircuit, users can visit zircuit.com or read the developer documentation at docs.zircuit.com
About Zircuit
Zircuit is a ZK development suite with AI-enabled sequencer-level security and parallelized circuits. Developed by a team of web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuit’s unique architecture combines the best of both worlds: performance and security. For more information, users can visit zircuit.com or follow us on Twitter/X @ZircuitL2
ContactJessicaCircuit[email protected]
This article was originally published on Chainwire
