Ink Foundation announced on June 17 that it would mint 1 billion INK tokens to fund user-run liquidity on Ink, the Ethereum layer-2 network backed by Kraken.
The foundation has permanently set the supply cap and will release the mint date and contract address after completing the audits. The end of audits, together with predefined usage thresholds, also marks the detailing of the eligibility process for the airdrop.
Furthermore, the announcement clarified that INK holders will not participate in the governance process of the rollup itself.
Technical aspects
INK does not influence Ink’s technical parameters, which remain under the Optimism Superchain framework. Instead, holders will steer incentives and resource allocation for protocols that deploy on the rollup.
The foundation will distribute INK through an airdrop tied to a liquidity protocol powered by Aave. A wholly owned subsidiary will manage the drop and apply industry-standard Sybil-deterrence checks to curb farming.
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