Zyfi announces the launch of its public auction for all believers in native account abstraction

Geneva, Switzerland, October 23, 2024, Chainwire

Zyfi, a blockchain-based platform offering enhanced on-chain experiences, announced the launch of its public community sale, offering $150,000 in ZFI tokens. This follows a $350,000 sale to whitelisted users. The public sale represents the final opportunity for early participants to acquire Zyfi tokens before the platform’s next token generation event (TGE).

Zyfi’s platform is designed to simplify on-chain transactions by leveraging Paymaster and Intent technologies powered by ZKsync. The company has formed partnerships with established platforms including Venus, SyncSwap, PancakeSwap and Koi Finance, serving as official treasurer. These collaborations enable gas-free transactions and the flexibility to pay gas fees using any token, supporting externally owned accounts (EOAs) and smart wallets.

Zyfi has already processed more than 1.7 million transactions for more than 230,000 users on ZKsync and has deployed its smart contracts on three other networks: Cronos zkEVM, Abstract (backed by Pudgy Penguins), and PlayFi.

Powered by an API that simplifies protocol complexities, Zyfi’s approach simplifies user experiences and democratizes access, enabling broader on-chain engagement without the hassle of managing ETH to gas.

On October 8, Zyfi revealed a verifier to participate in its community sale to purchase its ZFI token. Community sales are divided into two main phases: one Whitelist phaseoffering first access to Zyfi’s partners and community, followed by a Public Phase open to everyone. The Whitelist Phase has several advantages, such as the opportunity to invest 48 hours before the public sale and receive a 10% cashback in ZK on the investment value (e.g. US$10,000 invested = US$1,000 value in ZK) . The Public Phase is now open to anyone who believes in Zyfi’s vision of building the best on-chain experiences leveraging Paymasters and Intents, with the same terms as the Whitelist Phase, but without the ZK reward.

The checker is now live, allowing users to determine which sales event they can participate in, providing benefits to whitelisted users while giving everyone the opportunity to invest.

The ZFI token is a utility token that can be used to pay gas fees on the Zyfi platform and Zyfi integration partners. Holders who choose to pay gas fees with ZFI benefit from a direct 20% discount on the total cost of gas, making transactions more economical. Additionally, ZFI is the only way to acquire stZFI, the governance token of the Zyfi DAO. By holding and staking ZFI tokens, users can participate in Zyfi governance, with 33% of the total supply under their control, influencing key decisions such as fee activation, reward allocation, and subsidy distribution. Bettors will also earn an APY in Zyfi Staking Points based on the amount wagered.

Users can join Zyfi here.

About Zyfi

Zyfi is dedicated to improving on-chain experiences using technologies like Paymaster and Intents. Through these innovations, Zyfi aims to streamline transaction processes and expand accessibility for users in the digital asset space.

Contact

Gauthier Vila
[email protected]

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