Increment Governance: Distribution Phase
Token creation and distributing governance power to active community contributors
Increment strives to become a fundamental piece of DeFi infrastructure on zkSync 2.0 and beyond, empowering on-chain perpetual swaps and other innovative products for the crypto universe.
Back in October 2021, the Discovery Phase was proposed and implemented, where the main objective was to identify those who have been actively contributing in the Increment community. Since then, we’ve completed a series of stress testing events where numerous community members have joined in and used the protocol. During the first 15 days of its beta launch a few months ago, the Increment protocol reached a total volume of $24.7 million, 6806 unique users, and 67,807 transactions on zkSync 2.0 testnet.
In order to enshrine Increment as a public good that is built and maintained by the community, the core contributors and core community members have reached consensus on launching the INCR governance token in order to establish an ecosystem around the Increment protocol and further its path to decentralization. If the broader community votes in favour of this proposal, the INCR token will be created and a portion will be distributed retroactively to various community members of the Increment ecosystem.
Please find the full detailed proposal posted in our community forum: Token Creation & Distribution Phase I
Participate in the Increment protocol governance and make sure you vote!
This document should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in any transactions. You are solely responsible for your own investment decisions and transactions.