Written by: Asher (@Asher_ 0210), Odaily
Yesterday, Boundless, which raised $54 million, officially announced its token economic model, with 6% allocated to community sales and airdrops. Additionally, the community token sale will be launched on August 25th on the Kaito Capital Launchpad, with community members who participated in the mainnet beta test and achieved Bronze, Silver, Gold, or Diamond levels eligible for priority allocation, with specific sale details to be announced by Kaito.
Next, Odaily will take you through an in-depth look at Boundless, which is highly anticipated by "airdrop hunters", including project overview, token model, and community sales.
Project Overview
Boundless can be defined as the "native modular execution layer of Ethereum", a positioning that implies a paradigm shift in blockchain architecture. Just as cloud computing deconstructed data centers into different layers, Boundless is breaking down ZK proofs into pluggable components:
- ZK Mining Market: Borrowing Bitcoin's PoW competitive mechanism, but replacing hash collision with proof generation, eliminating energy waste;
- Verification as a Service: Similar to AWS Lambda abstracting server management, developers won't need to build verification nodes;
- Cross-chain Execution Layer: Like HTTP protocol unifying internet communication, Boundless becomes a ZK co-processor shared by multiple chains.
Currently, over 30 teams plan to build and deploy applications on Boundless.
Regarding funding, Boundless is a project under RISC Zero, which has raised $54 million to date.
On July 16th, Boundless announced on X platform that the mainnet Beta version is now online, with tasks that can earn Boundless token sale whitelist and additional token rewards, with tasks divided into Bronze, Silver, Gold, and Diamond levels.
Token Economic Model: 6% Allocated to Community Sales and Airdrops, Airdrop Portion 100% Unlocked at TGE
According to official documents, Boundless will launch its native token ZKC, with an initial total supply of 1 billion, allocated as follows:
- Ecosystem Growth: 49% of total supply. 31% will be an ecosystem fund held by the Boundless Foundation, with 25% locked for 1 year, and the remaining 75% to be unlocked monthly over 24 months until the end of the 3rd year;
- Strategic Growth Fund: 18% of total supply, used for enterprise integration, business development, and institutional prover access, to be gradually unlocked over 12 months;
- Core Team and Early Contributors: 23.5% of total supply. 20% allocated to the core development team and early contributors who brought Boundless from concept to mainnet. An additional 3.5% allocated to RISC Zero, the company that initially incubated Boundless, with unlock rules consistent with the ecosystem fund;
- Community Token Sales and Airdrops: 6% of total supply, rewarding early contributors including provers and Kaito Yappers. Community sale tokens will be 50% unlocked at TGE, with the remaining 50% unlocked after 6 months, while airdrop tokens will be 100% unlocked at TGE;
- Investors: 21.5% of total supply, with 25% locked for 1 year, and the remaining 75% to be unlocked monthly over 24 months until the end of the 3rd year.
ZKC Token Model
Additionally, the inflation rate will be 7% in the first year after TGE. Subsequently, the annual inflation rate will gradually decrease, dropping to 3% by the eighth year, and then maintaining at 3% annually.
Based on feedback from multiple community members, the 6% allocation for community sales and airdrops is specifically distributed as follows:
- Kaito Ranking: 0.25%;
- S1 Prover Incentives: 0.5%;
The remaining 5.25% will be used for token sales, S2 prover incentives, testnet/mainnet provers, Discord roles, and community participation (the specific allocation ratio for this 5.25% is currently unclear).
Community Token Sale to Launch on Kaito Capital Launchpad on August 25th
Currently, the Boundless mainnet Beta version's Bronze, Silver, Gold, and Diamond level tasks have concluded, and previous participants can check their account rankings (link: https://signal.beboundless.xyz/story).
Mainnet Beta Version Diamond Address Demonstration
As the community token sale will launch on Kaito Capital Launchpad on August 25th, eligible participants need to complete identity verification on the Kaito platform.
Requires X Account Binding + KYC Verification, Multi-Account Users "Disappointed"
After Boundless announced its token model yesterday, "airdrop hunters" were slightly critical of the low token allocation for airdrops, but still held high expectations for this high-funding, high-attention project. However, today's announcement of token sales on the Kaito platform sparked significant negative community reactions.
The main reasons are twofold. First, the Kaito platform requires users to bind their address to an X account, causing great inconvenience for "multi-account users with dozens or even hundreds of Gold or Diamond level accounts". Second, Kaito requires KYC verification for token sale participation, but KYC is not supported in many countries and regions, with Chinese KYC identities being unusable, disappointing and frustrating most community members who were originally looking forward to participating.
Regarding the specific details of the token sale, we can only wait for further announcements from Kaito.
