In this ZKX community call, the ZKX team joins to discuss the Product Roadmap, updates from the team, StarkCon Update, the 2023 roadmap, and much more!
Read our notes below to learn more.
ZKX Intro
Eduard, CEO
ZKX is a decentralized exchange created using the Zk roll-up framework built on StarkWare.
Aim to offer the same level of user experience as centralized exchanges, but with the added benefits of being non-custodial and retaining full ownership of funds.
The team has raised funding from Starkware, crypto.com, and other well-known participants in the space.
Team consists of over 30 people from multiple countries.
The audit for the Cairo 0.10 version of ZKX has been completed by Nethermind and is the largest audit ever done on Cairo code.
The exchange will have a rewards system based on trading activity and a quest section.
ZKX will launch on testnet in Q1 of 2023 and the date will remain a mystery.
Tech Update
BitPactum, CTO
Has been a great last six months with progress in the completion of core smart contracts and the audit of over 60 contracts by Nethermind.
The audit process was unique in that it involved collaboration between the auditing team and the engineering team, resulting in a more efficient process and suggestions for improvements.
Innovation is the foundation of ZKX protocol.
Starkway is a universal bridge that can be integrated with any protocol or can be used in a standalone way.
Starkway allows you to bridge any token on the way from L1 to L2 or from L2 to L1 again, in an absolutely universal way where ZKX does not control how it started.
Starkway is expected to launch in April 2023.
Business Development Update
Faced challenges and progress during the first half of 2022 including partnering with various data providers and carefully selecting market makers and liquidity providers.
Focused on regional expansion in the second half of 2022 and identified 14 markets that have the most potential for growth.
The team is also working on building a solid foundation for their core product and improving the user experience.
Important to have a solid community impact and the need to be cautious in choosing partners due to shifts in the market.
Will also be focusing on security and compliance to ensure the safety of their customers' assets.
Overall, the team is excited to continue its growth and will be announcing more partnerships in the coming weeks.
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Marketing Team Update
Ravi Kiran, Head of Growth
Accomplishments of the marketing team in 2022 include participating in 50+ activities and reaching out to wider audiences and regions.
Community Incentive Program (CIP) includes the ZKX Ambassador program and a contributor program, both of which will be integrated within a gamified universe in order to reward the community.
The purpose of the contributor program is to identify long-term contributors and grow the community.
Will provide more information about how to become a contributor or ambassador in the coming days.
StarkCon
Reet Batra, Developer Relations Manager
StarkCon is a community conference for developers in the StarkNet network.
The conference has only been around for six months but has already become the leading conference in StarkNet.
It is aimed at developers in India and has held 10 events in the past year impacting over 3,500 developers.
The organization has also had a grants program running since September and will announce the winners of the program this month.
StarkCon will also be launching an online boot camp in the coming year, which is a five-week course on Cairo blockchain basics.
The boot camp has already registered over 600 students and offers placement opportunities within the Stark Net ecosystem.
Q&A
Q: What's the latest update with Cairo seeing that ZKX plays a vital role in its development?
A:
Cairo 1.0 will have improved speed and scalability.
A key feature of Cairo 1.0 is the variety of data structures it supports, which will make it easier to work with different types of data.
Cairo 1.0 will make their work better.
Q: Explanation of the process and equality pursued by 'DAO Citadel'
A:
The goal is to ensure that traders and users of the protocol have representation in the governance of the DAO, rather than just token holders who may not necessarily be active users of the protocol.
The plan includes a mechanism for users to have representation in the DAO and access to its revenue stream, while also allowing token holders to have representation.
The concept being proposed is similar to the concept of bound tokens and more information will be released later in the form of a paper and blog posts.
Q: What’s special about ZKX?
A:
The team has put a lot of effort to create a decentralized exchange that has the same properties and capabilities as a centralized exchange.
This is a massive technical challenge, as decentralization often leads to instability and slow performance.
ZKX has created serious trading tools that are traditionally not available to blockchain and crypto traders.
These tools allow for the use of traditional trading strategies and work with traditional assets and contracts, including perpetual swaps, which required a lot of mathematical research to make possible.
Every aspect of ZKX has an element of innovation, whether it be in technology, mathematics, or trading tools.
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TODAY’S EDITION IS BROUGHT TO YOU BY TREZOR HARDWARE WALLET
Navigating the waters of crypto is risky; even the biggest CEXs & stable coins can have huge risks…
Act now, click the link below & become your own bank via self-custody.