Zircuit Launches Mainnet and ZRC Token Claims Process

Zircuit, an EVM-compatible zero-knowledge rollup featuring “AI-enabled sequencer-level security,” has initiated the first phase of its mainnet and ZRC token claims process.

Safeguarding Users

According to a statement shared with The Block, Zircuit aims to protect users from hacks with its built-in automated AI techniques that guard against smart contract exploits and malicious actors. Zircuit functions as a “central hub” for restaked assets, including Ether, Bitcoin, liquid staking tokens, and liquid restaking tokens. This enables users to earn yields natively.

Phase 1 Features

In the mainnet Phase 1, users can bridge funds to the rollup and explore an ecosystem that claims to have integrated over 60 projects, including Ambient Finance, DODO, Circuit, Zerolend, Ethena, Lynx, InstaDapp, LogX, and Shoebill, among others.

Phase 1 introduces a cap on the amount each wallet can bridge, with limits increasing over time. Users initially can only bridge Ether, although plans are in place to add other assets, ensuring a secure launch and wider distribution of rewards to smaller wallets.

Additionally, Zircuit launched its “Zircuit Mainnet Festival,” incentivizing users with ZRC tokens when they pay gas fees on the Zircuit mainnet. Co-founder Martin Derka emphasized that developers and users can now experience the full benefits of Zircuit and its innovative sequencer-level security.

Token Airdrop Claims

On Monday, Zircuit introduced Season 1 of its ZRC token airdrop claims, rewarding early adopters who took part in a reported $2.5 billion staking program during the testnet phase that started last November.

Participants who staked assets in the points campaign can now claim their tokens, with 7% of the ZRC supply set aside for Season 1 participants. The total ZRC supply is 10 billion. About 262,200 unique addresses are eligible, with the Season 1 snapshot occurring on July 7 at 4 p.m. UTC. Although the tokens can be claimed starting August 5, they will remain non-transferable until the token generation event’s undisclosed date.

In anticipation of Phase 2 of the mainnet, scheduled for later this month, Zircuit will start gathering wallet addresses from users wanting to transfer their staked assets once the network is live.

Binance Labs, the $10 billion venture arm of Binance, announced in June that it had invested an undisclosed sum in Zircuit. Both companies declined to reveal the investment size or deal terms. Zircuit is also supported by Pantera Capital, as noted on its bio on X.