ZKSwap Completed the First Batch of ZKS Burning
ZKSwap has completed the first ZKS burning as of April 30th, 2021, UTC. A total of 397,152.0431 ZKS were burnt this time.
According to the ZKSwap economic whitepaper, ZKSwap charges 0.3% of all Layer2 Swap transactions as the transaction fee, of which 0.05% will be used as the Protocol fee to regularly obtain ZKS, and the ZKS obtained will be directly destroyed. Going forward, ZKSwap will carry out ZKS burning at the end of each month and issue corresponding announcements.