Boundless (ZKC)

Tokenomics & Utility

Supply and distribution

ZKC launched with an initial supply of one billion tokens. The published initial allocation assigns 41.6% to ecosystem growth, 23.5% to the core team and early contributors, 21.5% to investors, 8.3% to the community token sale and airdrop, and 5.1% to community partner marketing. These categories cover different schedules for releasing tokens, including gradual vesting for team and investor allocations. (boundless.network)

New ZKC is issued as protocol rewards. The annual emission rate begins at 7% and steps down until it reaches 3% from the ninth year of the contract’s schedule onward. Rewards are divided into periods called epochs, each lasting about two days. Of each epoch’s emissions, 75% is assigned to eligible provers who submit valid work, while 25% is assigned to active ZKC stakers. The supply can therefore grow beyond the initial one billion tokens. (github.com)

What ZKC does

ZKC has three connected roles. First, provers lock it as collateral when accepting proof requests. If a prover misses the agreed delivery time, the collateral can be reduced: part is burned, and part becomes a reward for another prover to complete the job. Second, staked ZKC gives holders a share of staking emissions; provers also need stake to qualify for PoVW rewards. Third, staking provides voting power in Boundless governance. Under the token contracts, a holder who starts unstaking waits 30 days to withdraw, and voting and reward power stop when that process begins. (docs.boundless.network)

Developers do not have to pay for every proof in ZKC. The protocol is built to accept payments suited to the chain and application, while ZKC supports collateral, rewards, and governance behind the proving service. (boundless.network)