We’re excited to announce plans to introduce the $INK token and Ink Layer 2 into our present product suite, unlocking a brand new wave of use instances powered by onchain protocols and infrastructure. We purpose to ship seamless onchain experiences and new alternatives for our international consumer base.
$INK will probably be issued by a subsidiary of the Ink Basis, an impartial entity that stewards the Ink Layer 2 and its ecosystem.
The token is designed to unify customers, protocols and builders throughout the Ink Layer 2 ecosystem. $INK tokens will probably be a part of Kraken Drops program, and will probably be airdropped to eligible, energetic Kraken purchasers and ecosystem individuals.
“Our goal is to see manufacturing grade onchain programs deeply built-in throughout every little thing we provide,” mentioned Arjun Sethi, Kraken co-CEO.
“The Ink Layer-2 offers the world a excessive throughput, low finality, EVM appropriate surroundings that may be prolonged throughout buying and selling and funds infrastructure. The Ink Basis is standardizing how worth strikes – not only for DeFi customers however for establishments, market makers and anybody working within the digital asset house.”
“Kraken helps the Ink Basis’s efforts to align infrastructure for each onchain and offchain customers with the identical efficiency, safety and international accessibility.”
The Ink Basis Board of Administrators added: “This can be a pivotal second for the Ink neighborhood and everybody working to embed open, permissionless finance into on a regular basis life for the lots.”
“By introducing $INK and Ink-native protocols into merchandise already trusted by thousands and thousands of customers, Kraken is making the leap ahead to a world the place CeFi and DeFi aren’t divided. That is solely the start of united capital markets that anybody can faucet into. The actual work begins right here, and the longer term is ours to write down.”
Extra particulars on these plans and the $INK airdrop will probably be shared sooner or later as milestones are reached.
