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Kraken’s Ink Foundation to Launch INK Token With Fixed Supply for Layer 2 DeFi Growth
- Kraken-backed Ink Foundation plans to launch INK token with a fixed supply of 1 billion tokens to support DeFi and onchain capital markets.
- INK token distribution will start with targeted airdrops to early Aave liquidity users.
- The Ink Layer 2 blockchain will integrate the INK token to enhance DeFi and onchain capital markets on the Optimism Superchain.
- Kraken supports the Ink project, while the foundation operates independently to guide network development.
- INK token will have a fixed supply of 1 billion tokens with no governance role and will focus on utility for DeFi applications and liquidity protocols.
- The INK token launch aims for real DeFi usage, not speculation, with a utility-first approach and aligned incentives.
- The Kraken Ink network operates on the Optimism OP Stack, connecting to the Superchain including Base, Uniswap L2, and Sony's blockchain for shared infrastructure and security.
- INK token's first use case will involve Aave-powered liquidity pools, with early users in these pools eligible for INK airdrops.
- Competition is intensifying among Ethereum Layer-2 networks; Ink differentiates itself with a fixed-supply token model and focus on real DeFi utility.
- The foundation aims to establish the INK token within an ecosystem of onchain finance applications to drive user growth and adoption.
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