Impossible IDO #25 — Zyfi Key Updates

Hey there, Penguins! 🐧

The staking subscription period for Zyfi has just ended on the Impossible Launchpad with a high of US$582,000 worth of IDIA tokens committed in staked capital.

Thank you for all your participation in Zyfi IDO!

Zyfi Listing Details

In preparation of Zyfi’s TGE, below are important details you should be aware of:

Latest Timeline:

• Distribution Period: 19/11/2024, around ~01:00PM (UTC) along with all the other sale platforms. Users will get airdropped their initial 25% tokens and then claim the rest on the Impossible Launchpad during the 6-month linear vesting period.
  

⚠️ Zyfi Token Listing Venues

1. Listing pairs: ZFI/ETH
2. Listing Date and Time: 19/11/2024, around ~1:00PM (UTC).
3. Listing Venues: PancakeSwap

Further listing details to be announced on the Zyfi and Impossible Twitter account.

⚠️ Zyfi Key Highlights:

1. ZFI Token Utilities:

ZFI tokens can be used to pay for gas fees on the Zyfi platform and Zyfi’s integration partners. Holders who choose to pay gas fees with ZFI benefit from a direct 20% discount on the total gas cost, making transactions more cost-effective. And the token launch offers a range of incentives to reward early participants. Stakers of ZFI tokens will earn Zyfi Staking points, RFX Points and other exclusive rewards, adding significant value to their contributions. Providing liquidity and staking ZFI on the platform’s partner DEX unlocks additional substantial incentives in the months following the launch. Lastly, eligible airdrop users can stake their ZFI tokens on Day 1 to earn a 100% bonus, making early engagement especially rewarding.

2. Tokenomics:

The ZFI token distribution has been strategically designed to allocate the majority (5%) to the community, recognizing them as the core contributors to the project.

A significant portion of both investors and team members are vested for an extended period to ensure the price evolution aligns with the project's value proposition.

Zyfi’s tokenomics prioritize community control, with a low initial market cap (IMC) offering strong growth potential and 33% of the total supply allocated to the Zyfi DAO. This substantial allocation ensures decentralized decision-making, empowering token holders to drive protocol upgrades, treasury management, and ecosystem growth.

3. Incentives to stake or LP on PancakeSwap:

Zyfi has partnered with PancakeSwap to bring exciting incentives for ZFI token holders. Liquidity providers can participate in the ZFI-ETH yield farm to earn CAKE rewards, while stakers can benefit from two Syrup Pools offering $30K in rewards for both CAKE and ZFI holders.

Official Links:

• IDO#25: Zyfi Token Sale details
• Zyfi zkSync smart contract address: 0x5d0d7BCa050e2E98Fd4A5e8d3bA823B49f39868d
• IDIA Arbitrum smart contract address: 0x6Db8b088c4d41d622B44CD81B900bA690f2d496C
• Launchpad IDO
  

Thanks for your amazing support and let’s BUIDL the Impossible together!

About Zyfi

ZyFi is the leading Gas Abstraction layer on ZKsync leveraging Intents and Paymasters for every wallet (EOAs and smart wallets included) to allow users to pay gas fees with any token and dApps to sponsor transactions for their users based on custom logic.

Website | Docs | Twitter | Youtube | Discord

About Impossible Finance

Impossible is an on-chain native, research advisory firm with a DeFi launchpad and accelerator. We help projects kickstart, fundraise, scale and launch their tokens while enabling users to learn, discover and invest in high quality crypto opportunities.

Website | Twitter | Discord | Telegram | Blog