George Town, Grand Cayman, August 5, 2024, Chainwire
Zircuit, a fully EVM-compatible ZK stack 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 awards ZRCs with a chance to win vast prizes proportional to gas spent on the Zircuit network.
To reward users who participated in its wildly successful staking program, staking over $2 billion, Zircuit has also opened claims to the Season 1 Airdrop. Users who staked assets in the Season 1 Points Campaign can now claim their tokens.
During Mainnet Phase 1, users will be able to contribute funds to the Zircuit Mainnet and interact with projects in the Zircuit ecosystem, including Ambient Finance, DODO, Circuit, Zerolend, Ethena, Lynx, InstaDapp, LogX, Shoebill, and more. Developers can also deploy apps to the Zircuit Mainnet and join the growing ecosystem of over 60 projects.
As part of the launch, Zircuit is hosting the Zircuit Mainnet Festival, which rewards users with ZRC tokens every time they pay gas fees on the Zircuit mainnet. In addition, participating users will have a 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 rewards.
Mainnet Phase 1 will introduce a limit on the amount each wallet can connect, with limits increasing over time. During this initial phase, users can only connect ETH, with other assets being added gradually. This allows Zircuit to launch in the safest way possible and ensures a wider distribution of Zircuit rewards to smaller wallets.
During this phase, Zircuit is opening a ZRC token claim portal to reward users who were early contributors and participants in the network. Those who earned Zircuit Points during Zircuit Staking Season 1 will be eligible. While the tokens can be claimed 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 be transferred from the mainnet to the Zircuit mainnet, Zircuit will begin collecting wallet addresses from users who intend to transfer their staked assets once the network is fully live.
“The launch of the first mainnet is a significant milestone for us. Developers and users can now experience the full benefits of Zircuit and our groundbreaking technology, sequencer-level security. Additionally, the Mainnet Festival is the first of its kind mechanism that most directly rewards early adopters. We believe Zircuit is the foundation for the next wave of web3 innovation, and we can’t wait to see what decentralized applications will be built on Zircuit next time around.” said Martin Derka, co-founder of Zircuit.
Zircuit protects users from hacks with built-in, automated AI techniques that protect users from astute contract exploits and malicious actors. With a forceful security infrastructure, Zircuit is the central hub for re-clutch assets, offering unparalleled security and allowing users to earn industry-leading profits natively. Zircuit is the leading liquidity hub for re-clutch assets (ETH, BTC, LST, and LRT), where users enjoy stronger security guarantees and trust.
During Mainnet Phase 1, users can explore the Zircuit ecosystem at zircuit.com/#ecosystem and explorer.zircuit.com and connect ETH to Zircuit Mainnet at bridge.zircuit.com. Zircuit Mainnet Phase 2 is set to launch in August.
Users can claim their tokens by visiting claim.zircuit.com and can also 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 documentation at docs.zircuit.com
About Zircuit
Zircuit is a ZK suite with AI-enabled sequencer-level security and parallel 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 in performance and security. To learn more, users can visit zircuit.com or follow us on Twitter/X @ZircuitL2
contactJessicaZircuitjessica@zircuit.com
