Zircuit’s ZRC Token Set for Transferability Starting November 25
Blockchain network Zircuit announced that its ZRC token will become transferable starting November 25, 2024. The news was shared through a post on the company's official X account, emphasizing ongoing innovations to enhance its ecosystem and support its growing community.
“No more wen token. ZRC officially becomes transferable on 11.25.2024… Devs cooking gud – but patience, this is a Michelin, not McDonald’s.”
This announcement has generated optimism among Zircuit's community and investors, with expectations that transferability will expand the token's use cases in trading and integration with decentralized finance (DeFi) platforms, contributing to overall blockchain ecosystem growth.
Zircuit (ZRC) Lists Its Achievements in Under 12 Months
In a recent announcement, Zircuit highlighted its achievements over the past year, establishing itself as a notable player in the crypto industry.
The firm secured financial backing from major players during its mainnet funding round in July, attracting investments from Binance Labs, Pantera Capital, and Maelstrom Fund, along with partnerships from over 70 other firms.
Last month, Zircuit launched its Liquidity Hub with assistance from Elara Labs and Gamma Strategies, achieving $2 billion in Total Value Locked (TVL). Additionally, it became the first project to partner with Catizen’s Launchpool, a popular game on Telegram with over 6.5 million players, enhancing visibility for the Zircuit ecosystem.
Currently, Zircuit boasts over 342,000 on-chain wallets, indicating increasing acceptance. Earlier in November, the firm executed a “fairdrop” to over 200,000 wallets through EigenLayer, recognized as a fair approach to token distribution.
What Next?
Zircuit appears poised to unveil another significant product soon, although specific details remain undisclosed. Previous actions suggest potential forthcoming changes within its ecosystem.