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You are here: Home / Cryptocurrency News / ZKSpace’s new mining campaign to reward cryptocurrency and NFT holders

ZKSpace’s new mining campaign to reward cryptocurrency and NFT holders

By Aishwarya shashikumar | Edited By Sahana Kiran,March 24, 2022, 10:30 PM

ZKSpace

ZKSwap and ZKSea bring together ZKSpace, a platform that provides users with three mining reward campaigns, as well as a newly designed Non-Fungible Tokens (NFT) Boost feature that rewards our community even more. These campaigns have been allotted millions of ZKS tokens and will run for 14 days, from 23 March 2022 to 6 April 2022.

ZKSwap is a decentralized exchange system based on the Automated Market Maker (AMM) concept, which provides the same level of security as the Ethereum mainnet while also allowing for faster transaction speeds and lower transaction fees. The newly added Eco Deposit and Fast Withdraw options allow users to quickly and cheaply move funds from and back to the Ethereum mainnet.

Token Pairs Supported and Rewards

Last year, ZKSwap held several mining activities, each of which drew a large number of participants. The PoL (Proof-of-Liquidity) and PoT (Proof-of-Transaction) mining reward campaigns are back this week, allowing users to earn daily token prizes. These events accept the following token pairs: ZKS/USDT, ZKS/ETH, ETH/USDT, WBTC/USDT, and ETH/WBTC. Users can receive daily prizes by adding liquidity to the L2 liquidity pool or swapping the 5 token pairs. Please consult ZKSpace’s official blog for further information on the rules.

ZKSea offers consumers a low-cost, secure layer-2 NFT creation tool that allows them to freely issue NFTs. It’s the first ZK-Rollups-based platform to offer Layer 1 – Layer 2 NFT mutual transferring, lowering the cost of issuing and trading new NFT on the Ethereum mainnet significantly. In future versions of ZKSea, features like auctions and mystery box sales will be implemented.

ZKSpace mining reward campaigns

The NFT POD(Proof-of-Deposit) Mining Reward Campaign is expected to run concurrently with the ERC20 Mining Reward Campaign for two weeks. By depositing one well-known ETH mainnet-based NFT and listing it on the ZKSea, users will receive 1,000 ZKS tokens.

The ZKSpace team also announced the addition of the NFT Boost feature to the NFT mining campaign. Users can receive extra mining payouts for the above-mentioned ERC20 PoL and PoT mining in addition to the one-time mining payment.

This also pertains to the platform’s Anniversary Special NFT, which is one of the incentives provided to users who have signed up for the carnival in 2022. By just listing a ZKSpace Anniversary Special NFT or the appropriate blue-chip L1 NFT on ZKSea, users can earn additional incentives.

Starting on March 23, ZKSpace’s widely-participated NFT POL/POT Mining Reward Campaign will run concurrently with the preceding initiatives. To acquire ZKS tokens, mint and trade your NFTs on ZKSea. This event has been given millions of tokens.

Filed Under: Cryptocurrency News, Altcoin News, Blockchain, World

About Aishwarya shashikumar

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