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TeraBlock's Move to zkCross Network

Apr 2, 2024

TeraBlock is now transitioning to zkCross Network. This transition signifies more than just a rebranding, as it is a significant step towards achieving the vision of a fully decentralized financial ecosystem.

As TeraBlock progressed in creating tools for navigating the DeFi space, it became evident that they could have a broader impact beyond their initial scope. The need for a platform to simplify, unify, and facilitate seamless cross-chain liquidity movement became apparent.

What is the zkCross Network?

zkCross Network represents TeraBlock's commitment to linking over 200 emerging blockchains, making liquidity and asset transfers as easy as a single click. This shift demonstrates a focus on innovation, security, and user satisfaction, establishing a foundation for an accessible, efficient, and genuinely decentralized DeFi ecosystem.

Enhancing Tokenomics

By transitioning to the zkCross Network, the limitations of $TBC's Tokenomics are addressed, and the $CROSS token is introduced to tackle these constraints. This new token model is designed for a DAO environment, with the goal of enhancing utility, governance, and community incentives.

Staking Pool for $CROSS Token Eligibility

The CROSS staking pool facilitates this transition. By staking $TBC tokens, users will qualify to receive $CROSS tokens during the $CROSS Token Generation Event (TGE). The distribution of $CROSS tokens will occur over a 12-month linear vesting period post-TGE, ensuring a fair transition for early adopters.

The launch of the zkCross Network is not just about a new brand but also signifies the beginning of a journey to redefine DeFi interoperability. The upcoming TBC staking pool is just the first step in engaging the community in the network's development, with more innovative features and partnerships on the horizon.

The shift from TeraBlock to zkCross Network is a significant stride towards a future characterized by a truly decentralized, easily accessible, and interconnected DeFi landscape.

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