Ink Foundation – a non-profit organization behind the Layer 2 Ethereum named Ink (incubated by Kraken) – has just officially announced the plan to launch and airdrop tokens.
This move is expected to help Ink compete with Base, a Layer 2 developed by Coinbase without its own token. Coinbase previously announced that Base will only use ETH as a gas token and has no plans to issue a platform token.
Although details are limited, the project emphasizes that INK is a simple token, not used for governance or speculation. The project's official account wrote on X:
"No frills. No pretend governance. Just a token to incentivize the ecosystem from day one."
Ink Foundation expects this token will promote a dynamic DeFi ecosystem, controlled and directly benefiting the community.
According to the press release, INK has a fixed total supply of 1 billion tokens, which cannot be changed through governance mechanisms. This token will not be used to decide network governance issues, but primarily to aggregate liquidity and encourage users to interact with applications on the network.
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The article Layer 2 incubated by Kraken preparing to launch and airdrop INK token first appeared on CoinMoi.
