We are pleased to announce our next AMA on February 6th, 2021 at 11:00 AM UTC Time: Satoshi Club x ZKSwap
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join ZKSwap Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. ZKSwap Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about ZKSwap
For more details:
ZKSwap – @zkswapofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
On your page you have this new part called Incentive Programs where you have a Proof-of-Gas Testnet Incentive Program that already expired, how will this programs work, will anyone be able to be part of them? What other things are you going to add to this incentive programs and when? Also, will you reopen any closed program later on, for example the Proof-of-Gas Testnet Incentive Program?
Speaking of volume and marketing, UNISWAP has brought considerable liquidity to the project, and together with a friendly platform like BILAXY, does your team plan to list $ ZKS on other high volume platforms?
I saw that zksawp will have something called ZK-Rollup and zkSync, could you explain more how they work and how secure and hard to trick/hack they are? I read that their v1 version is currently deployed on the Ethereum mainnet, will you maintain them always there or do you have plans to migrate to another ecosystem in the future?
Your governance model offers a lot of interesting things to Zkswap users, how are you going to avoid bots or whales from manipulating it at their will and taking advantage of all of this with their holdings?
On your paper Deposit and Withdrawal of ERC20 tokens into or from the $ZKSWAP contract make use of tokens on Layer 2. Is this layer independently reliable to Layer 1; what does Layer 2 project for the $ZKSwap; Does this Layer compliments Layer 1.
Why do you think this project will succeed.
What is your vision?
What do you expect from the following year?
According to Zkswap white paper, by using ZK-Rollup you are able to achieve a very low gas consumption on Level2 swaps between Eth tokens.
But to transfer tokens between L1 and L2, deposit and withdrawing through Zksync, will this transaction have any significant gas fees associated with it?
From your paper, “Deposit refers to the process where users deposit Ethereum and ERC20 tokens into the ZKSwap contract so that those tokens can be used on Layer 2.”
So while doing the deposit, Will there be any gas fees that would be similar to the high L1 gas fees to interact with ZkSwap contract?
If there are significant gas fees for L1 L2 transactions, what steps can the user take to decrease it ?
Concerning the Layer2 tokens created by depositing to ZkSwap contract from Layer1, Which ERC20 address are they stored at?
Is there a level2 address that is same/corresponding to level1 ERC20 address? Is this level2 address available to be accessed without using Zkswap dapp/contract? For example, can these tokens on L2 created using Zkswap be used to trade on another Level2 swap exchange?
What is the current TPS achieved by Zkswap on testnet ? How many users participating in the generation of Proof-of-ZK-Snarks on mainnet is required to achieve a high TPS and provide a seamless trading experience on zkswap?
Why did you choose to issue on Ethereum blockchain and not Trc20?
Can you tell me some benefits if I hold $ ZKS long term ?
Currently, the state of super hackers hacking the system a lot. Can you tell me how secure ZKSwap is?
I am a longtime trader. I used to hold a lot of different coins and I have seen a lot of coins have to be delisted from exchanges. If ZKSwap had a similar problem, how would you handle this problem so that users wouldn’t lose money?
In the future, do you organize an airdrop or similar activity to encourage and engage users?
The dramatic decline in the token price is in large part due to the liquidity of the token. So how is the liquidity of $ ZKS?
ZKSwap claims to provide liquidity providers and merchants with an ultra-high performance exchange infrastructure, and transactions require no gas fees, but its platform is based on Ethereum. What are the clearing and gas fee avoidance mechanisms on ethereum that you have developed so that your users are not hit with such high fees on every transaction? Does your native token supplement the cost of those fees without affecting your users’ assets?
In recent months blockchain has exploded with the revolution of layer 2 platforms. How does ZKSwap fit into this impressive sea of layer 2 platforms and what aspects make it stand out? What are the advantages for your team of developers and your protocols of being such a platform and specifically based on Ethereum
ZKSwap will kick off proof-of-stake and proof-of-gas mining events after the Mainnet launch. How will users be able to participate in these events? What additional benefits will they get in exchange for mining?
Will zkSwap have a feature to deposit/withdraw to a different address than the one that is calling the function?
So I saw that ZKSwap Will Kick off the Proof-of-Staking and Proof-of-Gas Mining Events after Mainnet Launch , can you please tell me what ZKSwap will bring after its mainnet launch? What benefits we will get from the mainnet launch ?
I read that after the airdrop, the circulation of ZKS will be increased from 40 million to 80 million, can you please tell me what will you do in order to avoid drastic changes in the price? How will you keep the stability of the price?
Thanks
I surfed your website for a lot of time and I didn’t find anything talking about security, so can you please tell me what procedures do you take for the security of your project ? How can you proof to me that it is safe and secure to invest in your token?
Thanks
What will give ZKswap its competitive advantage over a layer 2 project like loopring that has already been fully operational for a year but hasn’t seen much success? Do you think the promise of 0 gas fees is enough to get people to migrate to your platform? And if so why hasn’t it worked for loopring?
Why don’t you make a program of ambassadors in different countries, would that help the project? There are also very few YouTube videos about your project? my YouTube channel if you are interested https://www.youtube.com/channel/UC9JTjoSu9n7my-SsrdOUNEg
Best regards, Anton
I am very interested in this moment: security.
But, what we have is that security in the blockchain is determined by the breadth of decentralization. Now all Level 2 servers belong to you. Are you going to expand the decentralization of the second level? If so, how?
And also the second point: with a lack of decentralization, responsibility lies with one person or a small group of related persons. Is it possible to block other people’s funds at level 2?
A situation may simply arise that the authorities will put pressure on your team to block other people’s funds. Let’s say otherwise they will block your service in their country.
Yesterday was announced that after 4 snapshots for airdrop in the next 72 hours, the ZKS/USDT liquidity pool on Uniswap will be temporatily removed. That’s a little scary for some investors, how are you going to prevent unfortunately changes on $ZKS price stability?
I saw the instructions to participate in your Proof-of-Gas Test event and the upper limit of ETH deposit to the smart contract for each address is 50 ETH but there’s no information about the minimum needed in order to participate, how much is it?
The commissions or fees of these days are insane, a many projects do several things to “Reduce them”, but your said that your transactions do not need any fee, so how is possible to ZKSwap swap between assets without fee?
The ZKSwap is basically a mix between the Zk-Rollup + Automated Market Maker, so how this combination can help you to overtake competitors like Uniswap?
Right now the Dex exchanges have a high TVL due to the increase in the fee but perhaps this problem is not to the liking of users or small investors since the fee is high, because ZKSwap has this concept of working with a layer 2 so that the fee This free and take a little advantage against exchanges like Uniswap, Sushi, what would be the mission to fulfill right now of ZKSwap against pupalar exchanges and yours is at the top of use, how does it stand up to this challenge?
In approximately 2 days the Mainnet will be deployed, so can you list us some of the features that will have this native platform?
The ZKSwap name Suggest that tyou have a relationship with the famous Zk-snarks mechanism, so do you actually use it? How?
DeFi is the most active sector in the Etthereum Ecosystem..The summer of DeFi 2020 reminds us of the importance of resolving barriers to high fuel cost,long latency and scalability issues..How does ZKswap and ZK-Rollups technology ensure the security and offer a seamless low cost layer-2 experienced?
Through ZK-Rollups technology,,are all the transactions from ZKswap gas free?Is there any transactions fees from layer-2 swaps?
Does ZKswap have an incentive program running at the moment?How can we benefited from the ZKswap iincentive program?Where and when were the prizes from incentives program distributed?
ZKSwap has officially launched the Proof-of-Gas testnet incentive program on the Ethereum Ropsten network. This testnet incentive program will last from Jan 6th, 2021, 15:00 to Jan 20th, 2021, 15:00 (GMT+8). ZKSwap will distribute 500,000 ZKS (ZKSwap protocol tokens) as rewards to eligible participants. So, after this incentive program, do you have other upcoming programs for incentivising users? Why do you choose Ethereum Ropsten network but not Ethereum Main Network? Is the Testnet launched in Ethereum Ropsten network still applicable up to now for existing $ZKS holders? Thank you
Currently the Ethereum gas fees are extremely high and only the big traders with large capital can operate, leaving small investors with ETH tokens locked up in their wallets. How can ZKSwap help these small investors? Is ZKSwap made to help with the gas fees impact?
I read that ZKSwap works with the PLONK Zero-Knowledge Proof System, but I don’t understand what it is. Can you explain in simple words what is the Plonk Proof System used for? Why did you decide to work with that specific system?
I understand that after the Mainnet Launch in two days, you will be leading special events. Can you explain what are those events and the rewards you’re giving? What are the requirements for users to participate?
What is the meaning of the letters Z and K in ZKSwap?
ZKSwap provides liquidity providers and traders with ultra-high throughput Swap infrastructure, transactions do not require any Gas fees in the platform, so how can the infrastructure be maintained for free?
Your mainnet was just launched, how is the migration from the Ethereum network and what new features or improvements could users experience?
Users have complete control of their assets with thfe ecosystem pf ZKSwap, transactions do not require authorization, so how does the platform ensure the accuracity of transacctions and prevent malicious behaviours?
Among the benefits of ZKS, they mention that there are no gas costs associated with transactions, however, how does their business model work? How do they get benefits?
They comment that one of the poles of ZKS is safety. How do you guarantee the safety of users, in these times where there is a lot of volatility, and there have been cases of multi-million dollar losses?
Do you have plans to expand your 2-layer technology to make real-time exchanges to other projects? Many partners will benefit from this technology through agreements and sponsorships. do you have plans to expand?
ZKSwap will launch two mining events — Proof of Staking and Proof-of-Gas, after its launch on the Ethereum mainnet.And shortly, ZKSwap will later launch Proof-of-Liquidity-Mining and Proof-of-TransFee, and other community engagement events. So why did you decided to have many consensus mechanism as you launch in Ethereum Main Network? Can you explain how does Proof of Staking and Proof of Gas be utilized in your network? How essential is Proof-of-Liquidity-Mining and Proof-of-TransFee in developing your network capability of work? For the investors and community to thrill about,could you give us a little hint about the upcoming community activities in your platform after launching ZKSwap in Ethereum Main Network? Thank you
According to the ZKSwap (zks.org) team, the ZKSwap team plans to airdrop 40 million ZKS to ZKS holders before the mainnet launch, which is currently worth about 70 million US dollars. Is this airdrop still ongoing? How can we participate with this airdrop? With this big airdrop that worth 40 million ZKS or 70 million US Dollar, do you think it is worth for marketing purposes only? Can you tell us where did you get this very big amount to be airdrop of? Why do you decide to airdrop this very big amount as your platform is still to be launch in Ethereum Main Network and to think there are still many àctivities that coming soon in your platform that need more ZKS to be airdropped? What is the purpose and objective of this airdrop? Thank you
ZKswap Liquidity providers and users do not need to pay high gas fees, which greatly reduces the threshold for use. Ethereum gas fees are too expensive right now. As I understand ZKswap mainnet will be live after 2 days, do using your service help us erc20 tokenholders without the unfair transaction fees?
Being a few days before the launch of your Mainnet, how receptive has been the community? What are your goals and expectations about it?
It would be interesting to earn some profits by inviting people to ZKSwap platform. Is there any referral program associated to your mining events?
Recently you’ve tweeted about the security audit report by @SlowMist_Team, can you share all the details about the security of ZKSwap? And why is it needed other audits?
How does ZKSwap stay sustainable if it doesn’t charge commissions and also makes big airdrops worth millions of dollars, all this in less than a year since this project was launched?
What is the usecases of ZKS tokens on ZKswap? Do it reduces fee for traders or just a reward tokens for the platforms users?
Can you indicate a feature or feature that you like best about the platform so that it can compete with other competitors? What are you most confident about for your platform? Do you have plans to get users to choose your platform???
How do you intend to reach a wide customers range both investors,crypto natives and enthusiast for global mass? ADOPTION what are your marketing strategies even to none speaking english communities?
Many new projects develop well at first, but then fail to achieve good results. How will you manage and develop your project to gain a position in the market and become a good project in the blockchain industry?
Which market are you focusing on? How do you rate the Asia market? Do you have any plans to develop in the Asia market?
Which market are you focusing on? How do you rate the Asia market? Do you have any plans to develop in the Asia market?
How do you plan to spread awareness about your project in different countries where English is not spoken well? Do you have local communities for them to let them better understand about your project?
Who is your investor? How do you generate revenue to sustain the project? What are your goals to the end of 2021 and beyond?
Your project development is really commendable. Let me know how can you survive this longest market and keep building and growing as many projects are dead and scrapped during this time period?
Each project has interesting stories before it is created. So can you tell people about the story that gave you the motivation to build and develop a great project like yours?
How will your project generate profits / income to sustain your project and what is the revenue model? How will it benefit your investors and your project?
Can you explain how the Proof-of-Gas works. After the participants deposit their ETH on the Proof-of-Gas contract address on layer-1, when will the reward starts. Do the deposited ETH can be retrieve by the owner if they decides to withdraw or not?
ZK-Rollup technology has been characterized in providing privacy in DeFi in many projects such as Findora and more, but now can this privacy also be provided in a Swap? And could it have the same transparency that characterizes Swap?
Could you explain a little more in detail why to implement privacy in a finance that seeks to be transparent? really without privacy could DeFi be a failure?
If ZKSwap supports the main functions of Uniswap, but does not consider gas, then what do the other Swaps need to remove gas? just implement ZK-Rollup? or is this due to Plonk or another tool?
Apart from having great privacy, you will also have no transaction costs? but that’s it right? or are there even more benefits in ZKSwap? which are?
As ZKSwap is totally decentralized and private, then the only ones who can observe the transaction history will be the user himself? Or the user can configure who to give access to that history?
does ZKSwap really have ultra high performance? How is it possible that I achieve it only with ZK-Rollup? Is performance tied to privacy?
one of the security measures that many use to verify that the contract of a project is not SCAM its Etherscan history, but if that is really prohibited for privacy, then how will we verify that the new tokens are not Scam?
Apart from being listed the “ZKS” tokens in Uniswap, really in which other Cex or Dex exchange platform can I get my first $ ZKS tokens?
What will be the next step for ZKSwap? after finalizing the mining events they have planned for their community.
We are just a few days away from your main launch, what are your expectations for the launch? Are you not feeling pressure from any hacking attempt?
ZKSwap is a layer-2 DEX based on ZK-Rollups technology and the AMM (automated market maker) model. So when will ZKSWAP be launched and will there a demo version of the SWAP be made available prior to the official launch? And most of all how are the prices determined on ZKSwap and are all transactions gas-free?
The Mainnet Launch is Approaching and ZKSwap Will Kick off the Proof-of-Staking and Proof-of-Gas Mining Events after the Mainnet Launch. So we want to know more what really is ZKSwap will bring after its mainnet launch? Also another two mining events ZKSwap will later launch, the Proof-of-Liquidity-Mining and Proof-of-TransFee. Could you tell us in advance all the details about them?
The ZKSwap team will give away 40 Million ZKS before the mainnet launch worth about 70 million USD, so may I ask what’s the reason and the purpose of why ZKSWAP will temporarily removed the liquidity on Uniswap? Also I think many are waiting & interested about the Airdrop, so what are the rules and how we can join and participate?
ZKSwap is optimizing the product based on the feedback from three security auditing teams. The layer2 dex based on ZK-Rollups is expected to launch on the #Ethereum mainnet between February 1 and February 8.
Why was the Ethereum protocol chosen and not one such as TRON or ZILIQA? And what are the returns if you buy a ZKSWAP token?
I have read this advertisement ZKSwap will officially launch the Proof-of-Gas testnet incentive program on the Ethereum Ropsten network at 15:00 (GMT+8) on January 6, 2021. ZKSwap will distribute 500,000 ZKS (ZKSwap protocol tokens) as rewards.
So I would like to ask you how can I participate in this bonus distribution and how can I win?
How is it possible that the transaction gas within ZKSwap has a cost of “0”? In addition to this, how do you provide a high-performance exchange infrastructure? What is the performance you offer to say that it is “ultra high”?
What are the benefits of ZK-Rollup technology compared to others? Really thanks to this technology high scalability and unlimited privacy is provided? How is it possible to generate such a high return?
Why is it not necessary to pay for gasoline at ZKSwap? Doesn’t this generate any kind of losses for the project? And why this year have you decided to “go on the ETHEREUM mainnet”? Is it really the most convenient network for ZKS?
what is your opinion about the effect from Layer-2 for development of ETH and other blockchain?
and how this Layer-2 makes Zkswap better than other similar project?
You know that there are many investors in US. Maybe I think they can boost the volume and price of the ZKS itself. But somehow, they’re restricted to using ZKSwap for some reason. how ZKSwap team solve this?
if we compared ZKswap with the best DEX right now UNISWAP, do you think ZKswap have
advantage and possible to reach Uniswap position ?
could you explain what are the advantage that ZKswap have that other DEX dont have?
Tbh, i amazed with ZKS concept about layer 2 DEX but we still paying the gas to transfer from wallet to L1 with eth gas which is expensive. in 2021, there are many alternative blockchain like BSC, TRC, xDAI and many more who have a low gas. my question is :
1. why ZKS still using ERC as a token standard?
2. is multi cross-chain going to be the next step, or does ZKS have some other way of dealing with gas prices?
as you know that NFT is going trending in 2021, and some DeFi project has been adopt them for many ways such as increasing staking percentages, collections, some even use NFT as a trade card like in MMORPG games. will ZKS adopt NFT in the future?
ZKSwap launched Proof-of-Liquidity-Mining and Proof-of-TransFee.
What are the rules for participating in events and what rewards can I receive?
I am very happy with ZKSwap because it is really open to the community providing incentive programs, when can the ZKSwap testnet app be used, and explain why you used Ropsten as localhost test data to get the database?
You say users have complete control of their assets, transactions do not require authorization.
But in order to confirm my transaction, I do not go through any verification? SMS code or email message, for example. How then are your users’ assets protected in such cases?
I have tried ZKSwap DEX when I joined the Incentive program, very soft and fast responsive. Does ZKSwap have a connection with Uniswap? and how do I set a price on the ZKSwap DEX?
Have you also chosen Metamask sync for your application? But I don’t have it and I don’t want it yet! A lot of hype around Metamask!
Can you suggest other options so that I can fully use your application?
ZKSwap has developed a Layer 1 – Layer 2 DEX application. Is Layer 1 Swap Used for the Ethereum Network and Layer 2 Used for the USDT Network? and does ZKSwap support ERC721 token and Swap NFT?
What is the main purpose of ZKS airdrop program? And i hear i only need to hold ZKS token for 1:1 for reward, that mean if i hold 500 ZKS i will get 500 for sure?
Do Transactions at ZKSwap Free Gas include delivery, exchange, addition / removal of liquidity? and function about Layer 2 is very important?
One of the disadvantages of zk-SNARK is the following –
in the case of saving toxic parameters (secret parameters created to generate the initial (trusted) system parameters), the owner of them will be able to prove false facts (in the case of Zcash — to generate cryptocurrency out of thin air).
—
Tell me, where is the confidence that you have not saved such parameters and will not be able to prove false data?
Thank you very much.
We often experience when using a DEX to make an exchange transaction a failure occurs which results in the Fee not returning, does ZKSwap when we swap tokens and there is a failure there is tolerance and fee refund?
I would like to have a long term investment with your project but at the moment I have doubts, how can you convince and convince me that this project is very promising?
Do you belive uniswap will adopt the layer 2 technology and become a direct competitor?