<ul data-eligibleForWebStory="true"><li>Ink L2, backed by Kraken, is preparing to launch the INK token with a unique non-governance model, potentially rivaling Coinbase's Base network.</li><li>INK token will have a fixed supply of 1 billion tokens, ensuring permanence and immunity to governance changes, focusing on utility rather than governance influence.</li><li>The token aims to drive real usage and incentives, emphasizing functionality over market speculation.</li><li>INK will incentivize liquidity and promote application usage, differing from other Layer-2 networks tied to governance or staking dynamics.</li><li>Coinbase's Base L2, which operates without a native token, contrasts with INK's approach, emphasizing utility-driven tokenomics and ecosystem alignment.</li><li>Ink's model could attract users seeking utility-driven participation, free from governance distractions.</li></ul>

Kraken-Backed Ink L2 to Launch INK Token With Unique Non-Governance Model

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