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Sophon Blockchain powered by zkSync offers 10% in rewards
Dan Burgin
The zkSync-based blockchain offers 10% of its total offering in rewards
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Sophon, a zkSync-based blockchain, has launched a rewards program for users who participate in Sophon’s liquidity farming period. The company dedicated 10% of its total offering to rewards.
To claim the rewards, users will need to deposit certain eligible assets, namely BEAM and BEAM/ETH LP, into designated farming pools on the Ethereum mainnet. Every user who participates in the farming period is rewarded with “Sophon Points (SP)”.
An optional mechanism allows participants to multiply the potential rewards earned from their deposit in exchange for permanent allocation of some or all of their deposited assets, for the purpose of providing liquidity on the Sophon mainnet.
The booster is activated by blocking any amount of a user’s deposited assets which will be permanently allocated for the purpose of providing liquidity on Sophon’s main network, without the possibility of withdrawal in the future.
Sophon is an entertainment-focused ecosystem built as a modular rollup leveraging zkSync’s ZK Stack technology, targeting numerous applications, such as gaming and artificial intelligence.
Node operators can engage with a blockchain network designed to shape the future of entertainment and blockchain technology, ensuring a decentralized, efficient and user-centric environment.
ZK technology is constantly developing, competing with Ethereum as the largest smart contract hub. However, ZK innovations are supported by many of Ethereum’s top developers, including Vitalik Buterin, who signed the first transaction when Polygon’s zkEVM protocol was launched.
About the author
Dan Burgin
Dan is a news editor and writer with 12 years of experience in finance and emerging technologies, with a strong focus on cryptocurrencies. Covering a broad spectrum of topics, from fintech startups to artificial intelligence, he provides an in-depth overview of the current state of the cryptocurrency market, along with insights into its potential for future disruption.