ZRC aims to provide enhanced security and efficiency for decentralized finance (DeFi) and staking.
Zircuit is an AI-enabled, zero-knowledge (zk) rollup that combines Optimism’s Bedrock rollup infrastructure with zero-knowledge proofs, similar to how Lumoz (MOZ) recently listed on Bitget leverages zkEVM technology for enhanced blockchain scaling.
1. It is a fully EVM-compatible Layer 2 (L2) solution for Ethereum, designed to provide enhanced security and efficiency for decentralized finance (DeFi) and staking
1.Key features of Zircuit include:
- AI-powered security: Zircuit uses AI security software in its transaction sequencer to monitor the mempool and prevent malicious transactions, protecting users from smart contract hacks and on-chain scams1, following a trend of AI integration seen in other tokens like Alchemist AI (ALCH) that recently launched on Bitget.
- Advanced bridge infrastructure: The platform incorporates a secure and user-friendly canonical bridge for asset transfers1.
- Improved efficiency: Zircuit achieves greater efficiency and lower costs through specialized circuit decomposition, proof aggregation, and larger transaction batches1.
- Full EVM compatibility: As the first zkEVM built on Optimism Bedrock, Zircuit supports all major wallets and development tools, allowing seamless deployment of Ethereum dApps1.
- Research-driven development: The team has authored 12 papers on rollups, bridge hacks, and scaling methods, securing multiple Ethereum grants1.
Zircuit’s development timeline includes:
- Internal release combining Optimism’s Bedrock with zero-knowledge proofs
- Public launch at Devconnect in November 2023
- Mainnet launch with a guarded release and various projects available from day one
- Ongoing improvements in proof generation, transaction fees, and network upgrades
- Enhanced Sequencer Level Security for improved accuracy and performance
The platform aims to provide a cost-effective blockchain solution with additional security measures, allowing users to interact with various dApps and liquidity pools while benefiting from AI-powered security
1. Future goals include achieving trust-minimization, improving cross-chain communication, and contributing to the overall security of the Ethereum ecosystem
Bitget New Coin Listing Announcement
Zircuit (ZRC) has been listed on Bitget!
ChatGPT Research
Zircuit (ZRC) has been listed on Bitget, a cryptocurrency exchange platform. Here is a summary of the project based on the announcement:
**Zircuit (ZRC) Overview:**
1. **Project Description:**
– Zircuit is a cryptocurrency project designed to enhance digital asset ecosystems. It aims to facilitate seamless integration between different blockchain networks and provide innovative solutions for digital transactions and asset management.
2. **Core Features:**
– **Interoperability:** Zircuit emphasizes enabling connectivity and data transfer across various blockchain networks, breaking the barriers of isolated systems and promoting a more unified digital landscape.
– **Efficiency in Transactions:** The platform aims to provide quick and cost-effective transaction processes, ensuring users can execute transactions speedily without high fees.
– **Innovative Solutions:** Besides standard digital transactions, Zircuit focuses on developing new technologies and systems that can improve how digital assets are managed and utilized.
3. **Listing on Bitget:**
– The ZRC token listing on Bitget marks a significant milestone for the project, enabling more users to trade and access the Zircuit ecosystem.
– The listing is likely part of a broader strategy to increase the token’s accessibility and liquidity.
4. **Community and Market Impact:**
– The enlistment on a prominent exchange like Bitget suggests a growing community interest and confidence in the potential of Zircuit.
– It highlights the project’s goal of expanding its reach and providing more opportunities for new investors and users to engage with its platform.
**Conclusion:**
The listing of Zircuit (ZRC) on Bitget is an exciting development for the project. By expanding its presence on a major exchange, Zircuit aims to position itself as a notable contender in the cryptocurrency market, focusing on interoperability and efficient digital transactions. The project’s ongoing innovations and cross-chain capabilities are central to its growth strategy, seeking to offer real-world utility and benefits to users globally.
Perplexity Research
Tokenomics
Total Supply and Distribution
Zircuit’s native token, ZRC, has a total supply of 10 billion tokens. Here is the breakdown of the token distribution:
- Airdrops and Community Rewards: 21% of the total supply, which includes 7% for the Season 1 airdrop, 3% for the Season 2 airdrop, 2.45% for various activities, and 8.55% for future airdrops and rewards[2][4].
- Community Regulations: 13.08% with a 1-year cliff period followed by 24 months of linear vesting[4].
- Ecosystem Development: 17.93% with a 1-year cliff period followed by 24 months of linear vesting[4].
- Foundation: 18.70% with a 1-year cliff period followed by 24 months of linear vesting[4].
- Team: 18.74% with a 1-year cliff period followed by 24 months of linear vesting[4].
- Investors: 10.55% with a 1-year cliff period followed by 24 months of linear vesting[4].
Utility Within the Ecosystem
The ZRC token has several key utilities:
- Governance: ZRC holders can participate in protocol governance, influencing decisions on upgrades, liquidity incentives, and ecosystem development[1].
- Staking and Rewards: Users can stake their assets through Zircuit’s Liquidity Hub to earn rewards and participate in project airdrops. As of November 2024, the platform has over $1.8 billion in total ETH staked[1].
- Gas Rebates: Zircuit offers a Gas Rebates program where users earn 125% in ZRC tokens for every ETH spent on the network[1].
- Ecosystem Projects: 17.93% of the tokens are allocated for rewarding ecosystem projects[3].
Revenue Model
Fee Structures and Transaction Costs
Zircuit generates revenue through several mechanisms:
- Transaction Fees: By enhancing efficiency and lowering operating costs through advanced Layer 2 technologies, Zircuit reduces transaction fees, making it an attractive option for users. However, specific fee structures are not detailed in the available sources.
- Gas Rebates: While the Gas Rebates program incentivizes network usage by rewarding users with ZRC tokens, it also indicates that the platform is generating revenue from transaction activities, although the exact revenue model is not explicitly stated[1].
Market Position
Competitive Advantage and Market Share
Zircuit’s competitive advantage lies in its AI-enabled, zero-knowledge (zk) rollup technology, which provides secure, efficient, and scalable solutions for the Ethereum ecosystem. Here are some key points:
- Technology: Zircuit integrates advanced research in Layer 2 technologies and zero-knowledge proofs, offering faster and cheaper transactions compared to traditional Layer 1 solutions[1][5].
- Ecosystem: Zircuit boasts a robust ecosystem with diverse projects, including Affine DeFi, Algebra, Ambient Finance, API3 DAO, and Binance Web3 Wallet, among others. This diverse ecosystem underscores Zircuit’s commitment to fostering innovation and providing users with a comprehensive suite of decentralized applications[1].
- Adoption: With over $1.8 billion in total ETH staked as of November 2024, Zircuit demonstrates significant adoption and trust within the DeFi and staking communities[1].
Growth Potential
Roadmap and Upcoming Features
Zircuit has a robust roadmap with several key milestones:
- Research Initiatives: The team has authored and presented 12 papers on topics such as rollups, bridge hacks, and scaling methods, securing multiple Ethereum Foundation grants[1].
- Mainnet Funding Round: Completed a major funding round with investors like Binance Labs and Amber Group in July 2024[1].
- Phase 1 Launch: Zircuit Mainnet Phase 1 went live on August 5, 2024, marking a significant step in deploying Zircuit’s secure platform for dApps[1].
- Community Engagement: Participated in events like EthCC, ETHGlobal, and TOKEN2049, enhancing community presence and engagement[1].
Partnerships and Integrations
Zircuit has several notable partnerships and integrations:
- Binance Web3 Wallet: One of the projects within the Zircuit ecosystem[1].
- Binance Labs and Amber Group: Investors in Zircuit’s mainnet funding round[1].
- Ethereum Foundation Grants: Secured grants for pioneering Layer 2 technologies[1].
Potential for Returns
Staking Rewards and APY
Users can stake their assets through Zircuit’s Liquidity Hub to earn rewards. As of November 2024, the platform has over $1.8 billion in total ETH staked, indicating significant staking activity and potential for staking rewards[1], positioning it in the growing ecosystem of DeFi protocols like Morpho which was recently listed on Bitget that offer innovative financial services.
Liquidity Provision Opportunities
Zircuit’s ecosystem includes various projects where users can provide liquidity and earn rewards. For example, the Gas Rebates program and staking through the Liquidity Hub offer incentives for active participation[1].
Capital Appreciation
The potential for capital appreciation is tied to the adoption and demand for ZRC tokens. With a robust ecosystem, significant staking activity, and ongoing community engagement, the token’s value could appreciate as the project grows[1].
Unique Incentive Structures
- Gas Rebates: Users earn 125% in ZRC tokens for every ETH spent on the network, incentivizing active participation within the ecosystem[1].
- Airdrops and Community Rewards: 21% of the total supply is allocated for airdrops and community rewards, providing additional incentives for users[2][4].
These mechanisms provide multiple avenues for investors to generate returns from the Zircuit project.
Citations
ZRC, on bitget
https://www.kucoin.com/research/project-reports/zircuit-zrc
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Title: “Unlocking Potential: Zircuit’s ZRC Tokenomics Revolutionizes the Crypto Landscape”
Subtitle: “Explore the groundbreaking distribution model and unique utilities of ZRC, paving the way for governance, rewards, and unprecedented growth in the DeFi ecosystem.”