Zyfi Unveils Community Sale for Whitelisted Users and Public Participants, Announced by Chainwire

Lausanne, Vaud, October 9th, 2024

Zyfi has announced the start of its community sale aimed at whitelisted users and public investors. The platform focuses on creating exceptional on-chain experiences through the use of Paymaster and Intents, powered by ZKsync. Following a successful $3 million private funding round, Zyfi is gearing up for its token launch event (TGE), featuring a final community round designed to engage early adopters in the journey of the Zyfi token.

The company has secured partnerships with notable platforms like SyncSwap, PancakeSwap, and Koi Finance to act as their official paymaster. This enables Zyfi to facilitate optimal on-chain experiences, offering features such as gas-free transactions and allowing users to pay gas fees with any token, catering to both Externally Owned Accounts (EOAs) and Smart Wallets.

To date, Zyfi has completed over 1.5 million transactions for more than 200,000 users on ZKsync and has deployed its smart contracts on three additional chains: Cronos zkEVM, Abstract (supported by Pudgy Penguins), and PlayFi.

Zyfi’s streamlined API simplifies the complexities of protocols, enhancing user experience and democratizing access so that more participants can engage with on-chain activities without the need to manage ETH for gas fees.

On October 8, Zyfi launched a checker tool for users looking to participate in their community sale for the ZFI token. The sale consists of two primary phases: a Whitelist Phase that caters to Zyfi’s partners and community members, and a Public Phase open to all interested parties. The Whitelist Phase offers several advantages, including a 24-hour investment window prior to the public sale and a 10% cashback in ZK on the investment amount (e.g., an investment of $10,000 yields $1,000 in ZK). The Public Phase remains available to anyone who shares Zyfi’s vision for an enhanced on-chain experience, offering the same terms as the Whitelist Phase but without the ZK reward.

The checker is now active, helping users identify which sale event they qualify for, balancing exclusivity for whitelisted users while still providing access to the wider community.

The ZFI token serves as a utility token for covering gas fees on the Zyfi platform and its integration partners. Token holders who pay gas fees with ZFI enjoy a direct 20% discount on total gas costs, making transactions more economical. Furthermore, ZFI is essential for acquiring stZFI, the governance token for the Zyfi DAO. By holding and staking ZFI tokens, users can engage in Zyfi governance, controlling 30% of the total supply and influencing vital decisions such as fee activation, reward allocation, and grant distribution. Stakers will also earn an annual percentage yield (APY) in Zyfi staking points based on their staked amount.

For more information about Zyfi, interested users can explore their offerings.

About Zyfi

Zyfi is committed to improving on-chain experiences through innovative technologies like Paymaster and Intents. With these advancements, Zyfi aims to simplify transaction processes and enhance accessibility for users in the digital asset ecosystem.