George Town, Grand Cayman, August 5th, 2024,
Chainwire
Zircuit, a fully
EVM-compatible ZK rollup 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 a chance to win
large prizes in proportion to gas spent on the Zircuit network.
To reward users who participated in its
highly successful staking program with over $2B staked, Zircuit
also opened Season 1 Airdrop claims. Users who staked assets in the
Season 1 points campaign may now claim their tokens.
During the Mainnet Phase 1 stage, users
will be able to bridge funds to Zircuit’s Mainnet and interact with
projects in Zircuit’s ecosystem including Ambient Finance, DODO,
Circuit, Zerolend, Ethena, Lynx, InstaDapp, LogX, Shoebill, and
more. Developers are also welcome to deploy applications on 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 whenever they pay gas fees on 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 cap on
the amount that each wallet can bridge, with caps increasing over
time. During this initial phase, users may bridge ETH only, with
other assets slated to be added progressively. This allows Zircuit
to launch in the most secure way possible and provides a broader
distribution of Zircuit rewards to smaller wallets.
During this phase, Zircuit opens the
ZRC token claims portal to reward users who were early contributors
and participants in the network. Those who earned Zircuit Points in
Season 1 of Zircuit Staking will be eligible. While tokens are
claimable during this time, they will be non-transferable until a
later date. To prepare for the asset migration in Phase 2, where
staked assets will transfer from Ethereum mainnet to Zircuit
mainnet, Zircuit will start collecting wallet addresses from users
who intend to move their staked assets once the network is fully
live.
“Launching the first phase of mainnet is a significant
milestone for us. Developers and users can now experience the full
benefits of Zircuit and our breakthrough technology,
sequencer-level security. In addition, the Mainnet Festival is a
first-of-its-kind mechanism that most directly rewards early active
users. We see Zircuit as the foundation for the next wave of
innovation in web3 and we look forward to seeing what decentralized
applications will be built on Zircuit next,” stated Martin
Derka, co-founder of Zircuit.
Zircuit protects users from hacks
through its built-in, automated AI techniques that guard users
against smart contract exploits and malicious actors. Bolstered by
its strong security infrastructure, Zircuit is the central hub for
restaked assets featuring unparalleled security and allowing users
to earn industry-leading yields natively. Zircuit is the premier
liquidity hub for restaked assets (ETH, BTC, LSTs, and LRTs) where
users enjoy stronger security guarantees and trust.
During Mainnet Phase 1, users can
explore the Zircuit ecosystem on zircuit.com/#ecosystem and explorer.zircuit.com and bridge ETH to Zircuit Mainnet
at bridge.zircuit.com. Zircuit’s Mainnet Phase 2
is set 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.
To learn more about Zircuit, users can
visit zircuit.com or read the developer docs at
docs.zircuit.com
About
Zircuit
Zircuit is a ZK rollup with AI-enabled sequencer-level security
and parallelized circuits. Built 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 of performance and security. To learn more users can
visit zircuit.com or follow us on Twitter/X @ZircuitL2
Contact
Jessica
Zircuit
jessica@zircuit.com