Kraken’s Ink Blockchain Plans Token Launch and Airdrops

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Prepare for INK: The Token That Promises to Be More Exciting Than Watching Paint Dry! 🎨💸

Ah, the Ink Foundation, that delightful little L2 blockchain from Kraken, is about to unveil INK, a token project that promises to be the life of the DeFi party! INK will be the charming host of the firm’s DeFi ecosystem, doling out governance roles and building on-chain capital markets like a well-mannered butler serving tea. ☕️

Our dear developers have announced that the first use case for this token will be a liquidity protocol, which sounds terribly important, doesn’t it? Users must participate in this protocol to be eligible for the first airdrop—because who doesn’t love a little exclusivity? 🎉

INK Token Will Launch Soon—Hold Onto Your Hats! 🎩

Ink, that sprightly L2 blockchain launched by Kraken last December, has been growing like a weed in a well-tended garden. 🌱

Now, Kraken, that major centralized exchange in the US, has been teasing an IPO or token launch for a month. But let’s be honest, they were probably just referring to this little gem. Ink has officially announced its token launch today with a cheeky social media post:

everyone always asks “wen tge”
but no one ever asks “how is ink”

ink was in the trenches.
cooking.
building.
shipping.
inking the future of defi.

but now?

the wait is over.
the wen is soon.
follow @inkfndhq

— ink (@inkonchain) June 17, 2025

Of course, Ink also provided some serious information for its new TGE. They’ve dubbed INK the blockchain’s native ecosystem token, but let’s not get too carried away—it won’t have a role in L2 governance. Just a friendly reminder that while INK will govern the firm’s DeFi ecosystem, the chain’s governance remains firmly under the Optimism Superchain. How very democratic! 🗳️

INK will have a hard cap of 1 billion tokens, which is just enough to keep inflation at bay and ensure it doesn’t get too cozy with governance roles. A wise move, indeed! 💡

Developers have already described their first use case, which will serve as the lynchpin in a new liquidity protocol powered by AAVE. This protocol will allow users to borrow and lend in INK’s ecosystem, helping to create future applications. Because who doesn’t want to borrow money in a blockchain ecosystem? Sounds like a party! 🎊

“This will provide a new critical building block in Ink’s DeFi stack, governed and incentivized through the INK token. By supporting the liquidity protocol, the Ink Foundation hopes to create a platform for users and developers onchain to innovate with new applications and functionalities built on concentrated liquidity and the cornerstone DeFi functionality enabled by Aave’s technology,” developers claimed.

This liquidity protocol will also play a vital role in the INK token’s future airdrop. To prevent airdrop farming, establish sybil deterrence, and generally promote fair tokenomics, users will only be eligible if they participate in this protocol. Because fairness is all the rage these days! 😏

This only refers to the first airdrop, but fear not, dear friends, the firm plans to launch more in the future. So keep your eyes peeled! 👀

Ultimately, the INK token announcement hasn’t made a huge splash in the community yet, but its fans seem as dedicated as a cat to a sunny spot. This project may be worth remembering, assuming it continues to pick up traction. After all, who doesn’t love a good underdog story? 🐾

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2025-06-18 02:41