Mystiko.Network (XZK): A Zero-Knowledge Proof Network Built for WEB3

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0x762024/06/14 09:01

By:0x76

Project Overview

Mystiko.Network (XZK) aims to become the foundational layer of Web3, enhancing blockchain scalability and interoperability.

The Mystiko SDK is becoming the zero-knowledge (ZK) technology infrastructure for all blockchains and applications. Developers build applications based on the Mystiko SDK to reduce costs, easily scale, and securely perform cross-chain operations.

Mystiko employs ZK-Rollup using zksnarks. Zero-knowledge proof technology ensures scalability (lower costs), network security, good compatibility, and easy integration into any L1, L2 blockchain, cross-chain bridge, wallet, DEX, and other dApps.

Token Economics

A total of 1 billion XZK tokens were minted at genesis. The initial distribution is as follows:

Mystiko.Network (XZK): A Zero-Knowledge Proof Network Built for WEB3 image 0

Private Sale: 200 million

Community Round: 75 million

Early User Rewards: 7 million

Core Contributors: 150 million

Cold Start Marketing: 50 million

Ecosystem Marketing/Community Incentives: 100 million

Ecosystem Liquidity Rewards: 158 million

Ecosystem Developers: 160 million

Others: 100 million

XZK Contract Address: https://etherscan.io/token/0xe8fC52b1bb3a40fd8889C0f8f75879676310dDf0

On-Chain Holdings

According to on-chain data, as of June 14, 91.61% of XZK tokens remain in the token deployment contract. The TOP2-11 addresses each hold 7,796,906 tokens, including an address marked as Coinlist. The actual liquidity of the tokens may be low, and the token price trend and on-chain wallet activities after the opening are worth monitoring. Additionally, an address marked as Bitget6 wallet holds 333,334 XZK.

https://etherscan.io/token/0xe8fC52b1bb3a40fd8889C0f8f75879676310dDf0#balances

Investment Background

According to Mystiko's official website, it has received investments from Sequoia Capital, Samsung Next Fund, Hashkey, Coinlist, TRIBE Capital, and other reputable institutions.

Market Cap Comparison

The ZK-rollup sector has always been a focal point in the market. Top-tier ZK layer-2 networks like Starkware and Zksync have the potential for market caps or valuations in the billions, and mainstream projects like Matic are also actively exploring technological innovations and developments in the ZK direction. Mystiko Network's vision of creating a ZK SDK aligns well with market narratives, suggesting a high market cap ceiling.

On the other hand, the ZK sector is highly competitive. Both the Ethereum ecosystem and non-EVM compatible public chains have already laid out upstream and downstream projects in the ZK-rollup and related sectors. Due to the high technical requirements of the ZK sector, teams often need to have high-quality development resources and continuous investment.

Related Links

Block Explorer: https://explorer.mystiko.network/

Official Website: https://mystiko.network/

Twitter: https://x.com/mystikonetwork

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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