Announcing ZkDrop.
An anonymous, privacy-first airdrop mechanism for ERC20 (Tokens) and ERC721 (NFTs).
This will allow you to claim and farm anonymously for any project that wishes to integrate with us.
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Key Points from our first AMA - A Thread
~ Problems ZKT aims to solve
~ How is zk-AnonSNARK different from other zk-SNARK protocols?
~ What makes ZKT different and better ?
~ 2nd Utility 'ZkDrop' Reveal
~ Staking Update
~Other major updates
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We at ZKT have studied other privacy oriented projects and found that a protocol that aims to offer privacy,most lack basic security measure: Trustless Setup.
So firstly,we focused on building a trustless setup ZK Proofs securing users & offering privacy with better scalability.
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zk-SNARK based ZCash has a trusted setup (bad since it opens up an attack vector and requires implicit trust) but produces a constant size proof (which is amazing).
On the other hand ZK-AnonSNARK will be both setup free and ~almost~ constant size proof.
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We not only support all the major coins but also ERC20 tokens .We are a Cross-Chain Protocol as well.
IP Address Obfuscating and anonymous mobile txns, custom deposit amount are just a few features that makes us different and better than rest.
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Staking will come with mainnet release. Revenue from all our products will be automatically distributed between Stakers.Stakers will be rewarded in USDC.
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Roadmap will be added on our website and whitepaper shortly.
We've started a weekly newspaper to help spread awareness about privacy/anonymity.
Beta testing will be initially available for team, KOLs and then we'll start onboarding users throughout the week.
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