The launch of the INK token, backed by Kraken, is gaining attention in the crypto community due to its unique model that focuses on usage and excludes speculation.
Competition with Coinbase Network
The launch of INK could establish a potential rivalry with Coinbase’s network, which has consistently rejected plans for a native token.
Token Launch with Clear Limits
According to a press release, INK will feature a fixed supply of 1 billion tokens, permanently capped and immune to changes through governance mechanisms. The foundation clarified that the token won’t influence governance decisions within the Ink Layer-2 protocol.
Focus on Liquidity and Adoption
Unlike other Layer-2 networks that tie tokens to governance or validator staking, INK will primarily be used to incentivize liquidity and drive application usage across the ecosystem. The model aims to foster sustainable growth by rewarding activity rather than relying on speculative dynamics.
INK represents an interesting approach to tokenomics in the Layer-2 space, aiming for functionality and real usage without the associated speculations.
