Zircuit Launches Mainnet Phase 1 and Launches ZRC Airdrop Season

Original source: Zircuit

Zircuit, a fully EVM-compatible ZK rollup with AI-enabled sequencer-level security features, today announced that Mainnet Phase 1 is now live. Mainnet Phase 1 also includes the launch of the Zircuit Mainnet Festival, an unprecedented program that rewards ZRC and the opportunity to win big prizes based on gas consumed on the Zircuit network.

To reward users who participated in its highly successful staking program, which has staked over $2.5 billion, Zircuit has also opened claims for the Season 1 airdrop. Users who staked assets in the Season 1 Points event can now claim their tokens.

During the first phase of the mainnet, users will be able to bridge funds to Zircuit’s mainnet and interact with projects in the Zircuit ecosystem, including Ambient Finance, DODO, Circuit, Zerolend, Ethena, Lynx, InstaDapp, LogX, Shoebill, and more. Developers are also welcome to deploy applications on the Zircuit mainnet and join a 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 the Zircuit mainnet. In addition, participating users will have the opportunity to win prizes, as well as a super grand 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.

Phase 1 of the mainnet will place caps on the amount that can be bridged per wallet, and these caps will increase over time. During this initial phase, users will only be able to bridge ETH, with other assets to be added gradually. This allows Zircuit to launch in the most secure manner possible and to provide a wider distribution of Zircuit rewards to smaller wallets.

During this phase, Zircuit opens up a ZRC token claiming portal to reward early contributors and network participants. Users who earned Zircuit Points during Zircuit Staking Season 1 will be eligible. While tokens can be claimed during this period, they will be non-transferable until a subsequent date. In preparation for Phase 2 of the asset migration, staked assets will be transferred from the Ethereum mainnet to the Zircuit mainnet, and Zircuit will begin collecting wallet addresses of users who intend to move their staked assets once the network is fully live.

“Launching the first phase of the mainnet is a major 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 an unprecedented mechanism that rewards early active users in the most direct way. We believe Zircuit is the foundation for the next wave of innovation in web3, and we look forward to seeing the decentralized applications that will be built on Zircuit next,” said Martin Derka, co-founder of Zircuit.

Zircuit protects users from hacks through its built-in automated AI technology that protects users from smart contract exploits and malicious actors. With its strong security infrastructure, Zircuit is the central hub for re-hypothecation assets, providing unparalleled security guarantees and allowing users to natively earn industry-leading yields. Zircuit is the premier liquidity center for re-hypothecation assets (ETH, BTC, LSTs, and LRTs), and users can 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 bridge ETH to the Zircuit Mainnet at bridge.zircuit.com.

Zircuit’s Mainnet Phase 2 is scheduled to launch in August.

To learn more about Zircuit, visit the official website or read the developer documentation.

About Zircuit

Zircuit is a ZK rollup 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 features of performance and security.

This article is from a contribution and does not represent the views of BlockBeats