zkPass ($ZKP) Token Sale Analysis
Core Information
Launch time : October 27, 2025, 12:00 UTC, x.com on Kaito Capital Launchpad
Valuation : $100 million fully diluted valuation (FDV), target fundraising of $2 million, representing 2% of total supply
Token Symbol : $ZKP
Sales Details
| project | Details |
|---|---|
| Sales Platform | Kaito Capital Launchpad |
| FDV valuation | $100M |
| Target Fundraising | $2M |
| Allocation range | $1,000 - $250,000 per user |
| Unlocking mechanism | 50% unlocked at TGE, 50% unlocked after 3 months |
| Sales period | October 27 - November 6, 2025 |
Allocation Mechanism and VRS System
zkPass uses an innovative Verifiable Reputation Score (VRS) system to determine allocation priority, rather than the traditional first-come, first-served model. VRS uses zero-knowledge proof technology to evaluate users’ verification activities on multiple platforms, including:
- Binance KYC Verification
- LinkedIn professional profile
- GitHub code contributions
- Duolingo Learning Record
- CEX Exchange Balance Certificate
VRS user data : Since the launch of the VRS system, more than 6,500 users have verified their internet footprint on BNB Chain .
Project Basics
Technological advantages
- zkTLS Oracle Protocol : Converting Private Web2 Data into Verifiable On-Chain Proofs
- Three-party TLS design : combining multi-party computation (MPC) and zero-knowledge proof
- Privacy protection : All proofs are generated locally and data does not leave the device
Funding
Total funding : $15 million, raised in three rounds
- Series A (October 2024): US$12.5 million from investors including Animoca Brands, Signum Capital, Amber Group, and others
- Seed round (August 2023): $2.5 million, led by YZi Labs (formerly Binance Labs)
Key investors
- YZi Labs (formerly Binance Labs)
- OKX Ventures
- Animoca Brands
- Susquehanna International Group
- Sequoia China (now HongShan)
Protocol adoption data
| index | Numerical |
|---|---|
| Total number of generated proofs | 5 million+ ZK proofs |
| VRS Active Users | 6,500+ verified users |
| Supported data sources | 70+ platforms |
| Partners | 500+ ecological partners |
| Community size | 239,000 followers on Twitter, 157,000 members on Discord |
Community sentiment
The community has shown positive reaction to the zkPass token sale. Investors believe the $100 million FDV is reasonable given the project's technological innovation and strong investor base. Compared to the $8 billion+ valuations of established identity projects like Worldcoin, zkPass is seen as an early-stage investment opportunity with asymmetric upside potential.
The community is particularly optimistic about the innovative nature of the VRS system, believing it can effectively solve the Sybil attacks and robot problems in airdrops.
Risk Reminder
- TGE is expected to take place in December 2025, and the tokens have not yet been officially issued.
- Need to complete KYC verification and US Qualified Investor certification (if applicable)
- Participation requires the use of USDC on the Base mainnet
- Users in some regions are restricted (including China, the United States, Canada, etc.)
Note : This analysis is for reference only and does not constitute investment advice. Please do your own research (DYOR) before investing.