TeraBlock transition to zkCross

Published on: 02.04.2024
TeraBlock transition to zkCross

TeraBlock transition to zkCross. This evolution is more than a rebranding. It’s a leap towards realizing its vision of a truly decentralized financial ecosystem.

Over time, TeraBlock has made remarkable progress by creating tools that enable users to navigate the DeFi space effortlessly. As they delved further, it became apparent that the potential for influence exceeded TeraBlock’s original scope. The necessity for a platform that not only simplifies but also unifies and enables smooth cross-chain liquidity movement became evident.

What is the zkCross Network all about?

zkCross Network embodies TeraBlock’s pledge to connect over 200 emerging blockchains, streamlining liquidity and asset transfers with the ease of a single click. This shift underlines its focus on innovation, security, and user satisfaction, establishing the groundwork for a DeFi ecosystem that is accessible, efficient, and authentically decentralized.

Refining Tokenomics

Moving to the zkCross Network not only resolves the constraints of $TBC’s Tokenomics but also introduces the $CROSS token to tackle these limitations. This new token structure is tailored for a DAO setting, aiming to improve utility, governance, and community incentives.

Staking Pool for $CROSS Token Eligibility

CROSS staking pool to facilitate this transition. By staking your $TBC tokens, you will become eligible to receive $CROSS tokens following the $CROSS Token Generation Event (TGE). The $CROSS tokens will be distributed with a 12-month linear vesting period, with no cliff, post-TGE, ensuring a fair and equitable transition for all our early adopters.

The introduction of zkCross Network marks not only the reveal of a new brand but also the start of a quest to reshape DeFi interoperability. The upcoming TBC staking pool represents just the initial move in involving our community in the network’s development, with numerous creative features and partnerships to come.

The transition from TeraBlock to zkCross Network marks a significant step towards a future where DeFi is genuinely decentralized, easily accessible, and interconnected.

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