ZKC (Boundless) fell 46.04% in the last 24 hours.

Gate News Bot news, September 16, according to CoinMarketCap data, as of the time of publication, ZKC (Boundless) is currently priced at $0.91, having fallen 46.04% in the last 24 hours, with a highest price of $2.13 and a lowest price of $0.86. The current market capitalization is approximately $182 million.

Boundless is a protocol for accessing verifiable computation on any blockchain, rewarding nodes for contributing useful work. The project aims to provide everyone with a new way to mine, protecting each blockchain through verifiable computation, without being confined to a single network. Boundless introduces the concept of "Proof of Verifiable Work," allowing miners to earn rewards by providing services to multiple chains.

Important news about ZKC recently:

1️⃣ The Boundless mainnet is officially launched, ushering in a new era of cross-chain ZK computation The Boundless mainnet officially launched on September 15, marking the start of the first network providing verifiable ZK computing capabilities for all blockchains. This network has received support from well-known projects such as the Ethereum Foundation, Base, Wormhole, and EigenLayer. With the mainnet launch, the $ZKC token was also introduced as the core of network incentives and governance. Currently, over 30 protocols have integrated Boundless, including important application scenarios such as Wormhole cross-chain verification, EigenLayer large-scale penalty optimization, BOB Bitcoin Rollup, and Lido validator exit safety.

2️⃣ Gate fully launches ZKC, offering a variety of trading options Gate launched ZKC spot trading on September 15 at 22:00 ( UTC+8, and opened ZKC perpetual contract trading at 22:10, supporting USDT settlement and providing 1-20x leverage. Additionally, ZKC unified account lending and isolated margin trading pairs were also introduced, along with YuBiBao wealth management, flexible and fixed mortgage lending features. Furthermore, Gate will gradually introduce ZKC copy trading, trading bots, instant swap, and dollar-cost averaging features to provide users with a comprehensive trading experience.

3️⃣ Gate launches ZKC airdrop event to attract user participation Gate launched the 317th Launchpool event on September 15 at 22:00 ) UTC+8, allowing users to participate in the airdrop reward of a total of 133,334 ZKC by staking ETH. The event will last until September 18 at 22:00, and VIP 5 and above users can enjoy a staking limit bonus of up to 500%. This event is expected to attract more users' attention and participation in the ZKC ecosystem.

From a technical perspective, the ZKC token adopts the ERC-20 standard, with an unlimited total supply and an inflation rate of 7% in the first year, decreasing to 3% by the eighth year. This inflation design aims to balance network development and token value. However, in the short term, the ZKC price has experienced a significant fall, which may be related to profit-taking after its initial listing. Investors need to closely monitor subsequent market performance.

This message is not investment advice; investors should be aware of market volatility risks.