Introducing the Zenlink launch process and IYO

Published in

Zenlink Foundation Ltd.

3 min readOct 25, 2021

Recently, Zenlink has been getting a lot of traction, and we know what all the community members are eagerly awaiting, so let’s disclose more.

Product launches are never easy and we want to be well prepared so that the community can have a positive experience and be free of unnecessary worries when Zenlink DEX goes live. So it’s necessary to let everyone know what the Zenlink team will be doing during the pre-launch and what the next steps will be. Let’s take a look at the Zenlink launch process, which is divided into four main areas of work:

Code Audit

Complete Zenlink EVM&Module code audit and make public the audit report issued by the security company (The first round of code audit by SlowMist is almost completed, and the audit report will be released after the second round of audit).

Parachain Integration

Integrating Zenlink DEX Protocol into Moonriver Network (EVM), Bifrost (Module), Shiden Network (EVM) simultaneously.

DApp Launch

Launching the first Bootstrap.
Launching trade mining, liquidity mining, staking, etc..
Listing of the first support tokens and trading pairs (Includes EVM assets and Module assets).

ZLK Transfer

IYO (Initial Yield Offering) — enable ZLK transfer when yield target is reached.

In summary, the launch process is not very exhaustive, we are working on many things in parallel and will update with more details later. Here we will explain the token issuance and IYO that are of most interest to the community.

Why IYO?

IYO refers to Initial Yield Offering, which is designed to complete the initial issuance of tokens by launching yield campaigns and opening token transfers and circulation when relevant targets are met.

The Zenlink team designed the IYO issuance method with the following considerations in mind.

“Fair Launch”

As you can see, Zenlink has released Tokenomics, and according to tokenomics, 50% of the total supply of ZLK tokens will be distributed to the community. However, Zenlink does not intend to make public sales, but rather distribute the majority of tokens through liquidity mining, trading mining, staking, and other activities that we collectively refer to as “yield”.

So the obvious result is that when ZLK goes live, the community users will only have a small percentage of the airdrops earned through participation in the event. Users will need to participate in yield campaigns to earn more tokens and achieve a relative balance between the community and the investment institutions when ZLK was listed.

IYO will be able to achieve this by allowing the community users to have enough time to earn more tokens by participating in yield campaigns. Although, this is not a full fair launch, it still gets the team and the community as close as possible to what they want to achieve.

PS: there is a cliff period for all the investment institutions backing Zenlink, including the Zenlink team (Team share is not unlocked for the first 2 months of ZLK launch).

Price Protection

As with many IPOs of large companies, good financial statements will support the price. IYO will help Zenlink to develop good financial metrics such as TVL, trading volume, etc.

This will enable ZLK to obtain a fairer market price for continued healthy growth and fewer people will take losses due to dramatic price fluctuations.

Overall, the Zenlink team is committed to building a valuable product and a fairer way to issue tokens, hoping that IYO will benefit more users in the community.

The Zenlink team will consider TVL (Total Locked Value), trading volume, Pool Locked Value, number of token holders, and other dimensions to design the specific metrics to enable ZLK transfers in IYO.

Zenlink is coming, more details will be announced soon, so stay tuned!

Learn more about Zenlink

📚 — Whitepaper | Tokenomics