Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
A single strategic misstep in Web3 can rekt any protocol; with this in mind, zkLink Core DAO shook things up by hitting the brakes on its token vesting schedule, rolling it back by six months.
Affecting 40.5% of the ZKL token stash, this tactical delay is a bold maneuver to sharpen the project’s edge in an unforgiving arena.
Understanding zkLink’s Delay, Following EigenLayer
Initially lined up for an October 22 launch, the vesting clock for zkLink’s early insiders, team, and advisors has been reset to April 22, 2025. While delays can typically rattle the market, zkLink’s move is a calculated play on a sturdy strategy. By pausing the token releases, they aim to fend off any dilution scare and keep investor confidence afloat.
“The reason for this decision is to align our ongoing efforts and interests in strengthening our community,” the team stated.
Vesting Halt is Focus on Aligning with Market Conditions
The pushback on zkLink’s token vesting isn’t merely about shoring up its value—it’s a calculated alignment with the market. ZkLink ensures the community and backers are in a prime position for the marathon ahead.
“This additional time allows us to align more effectively with market conditions and ensures that both our team and investors are positioned for long-term success,” said CEO of the team Vince Yang.
Timing the vesting delay with zkLink’s launch of magicLinks and magicPortal isn’t just a coincidence. These tools are set to revolutionize web3 onboarding, offering seamless one-click access via zero-knowledge proofs. Extending the vesting window is a strategic move to lay a rock-solid market groundwork, boosting the impact of these game-changers when they hit the scene.
zkLink will be the linchpin of multichain liquidity, easing blockchain operations and boosting cross-chain transaction efficiency.
A Calculated Move by zkLink Tokens for Long-Term Gains
While the delay in the zkLink token vesting may initially seem a setback, it is, in fact, a strategic maneuver to ensure the project’s long-term viability and success.
This especially matters when we’ve had messy vesting schedules from notable giants like EigenLayer lately.
As the industry evolves, zkLink’s strategic foresight may set the standard for other projects navigating the complex web3 landscape.
Isaiah McCall is an ultramarathon runner and journalist for 99Bitcoins. He started at USAToday in 2019 and now has a Medium blog following of 30k+ and millions of views. Follow him at @AfroReporter
Read More
