zkSync 2.0-based Protocol. Increment Proposals To Launch INCR Governance Token

Key Points:

• Increment released a proposal for the creation and distribution of the governance token INCR.
• If the community votes in favor of the proposal, INCR tokens will be created, and part of the tokens will be distributed retroactively to members of the Increment ecological community.

Increment, a decentralized exchange rate perpetual contract based on zkSync 2.0, released a proposal for the creation and distribution of the INCR governance token.

The core contributors and core community members have decided to launch the INCR governance token in order to create an ecosystem around the protocol and advance its path toward decentralization in order to enshrine Increment as a public good that is created and maintained by the community.

According to the proposal, at the beginning of INCR’s creation, 20 million tokens will be minted on the Ethereum mainnet, of which a total of 2.4 million tokens will be airdropped to community users in three stages, a total of 3 million tokens will be airdropped to core contributors, and a total of 3 million tokens will be airdropped to the ecosystem grants, partners, etc., allocate 800,000 tokens, allocate 1.48 million tokens to developer funds, allocate 3.12 million tokens to seed investors, and allocate 9.2 million tokens to future agreement users.

Increment is a decentralized, algorithmic perpetual swaps protocol building on zkSync 2.0. The protocol presents a system architecture that utilizes Curve V2’s AMM (Automated Market Maker) for trade execution and pools virtual assets for liquidity. The architectural design of Increment develops a full infrastructure for decentralized trading and a passive liquidity provision experience and offers an alternative to the development of existing on-chain perpetual futures protocols.

The INCR token will be used by the community to vote, govern, and curate essential infrastructure components of the Increment ecosystem, including:

Increment protocol

• Market deployments
• Technical parameters
• Economic risk parameters
• Curation of supported collateral assets

On-chain assets

• Outstanding INCR token supply
• Other community treasury assets (NFTs, ENS names, etc.)

Token economy

• Protocol emissions
• Future token utility

If the community votes in favor of the proposal, INCR tokens will be created, and part of the tokens will be distributed retroactively to members of the Increment ecological community.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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