INK Token to Launch by Kraken-Backed Ink Foundation With Aave's Support
Crypto/Finance/Tech
 Trade Crypto on eToro

INK Token to Launch by Kraken-Backed Ink Foundation With Aave's Support

The Ink Foundation will introduce its INK token, rewarding protocol participants with airdrops. Despite the excitement, the project faces significant competition in the market.

The Ink Foundation aims to enhance on-chain capital markets by launching its INK token through a liquidity-first approach.

Key Points:

  • The INK token will launch on Aave’s decentralized finance (DeFi) platform with airdrop distribution for early users.
  • There will be a maximum supply capped at 1 billion tokens, with a focus on stability and product functionality.
  • Unlike many competitors, the foundation promises no governance changes affecting the token supply.

The project is entering an already crowded market where many newly launched tokens struggle to maintain initial value post-launch. Well-known projects like Linea and Blast, which recently introduced their own tokens, encountered significant sell pressure following their release. As the INK token preparation commences amidst declining retail interest across the industry, the foundation’s strategy attempts to stand out by ensuring the token is backed by a functioning product from its inception.

Next article

SHIB Long-Short Ratio Declines Amid Liquidation of Over $1.8 Million in Bullish Positions

Newsletter

Get the most talked about stories directly in your inbox

Every week we share the most relevant news in tech, culture, and entertainment. Join our community.

Your privacy is important to us. We promise not to send you spam!