What is XZK

1. Project Introduction
Mystiko.Network ($XZK) is the base layer of Web3. Mystiko operates as the universal ZK SDK, enhancing the scalability, interoperability, and safety of all L1 and L2 blockchains. Mystiko’s SDK enables developers to build blockchain applications that reduce costs, scale effortlessly, securely interact across chains, and protect users' on-chain data (account balances, transaction histories, etc.). Mystiko turns every blockchain into a ZK blockchain.
Summary: Mystiko SDK is a universal ZK SDK that provides scalability, interoperability, privacy, and AI for every blockchain/DApp. Currently, in the Mystiko V1 mainnet phase, Block Explorer shows it has supported over $277 million in transaction volume and 1.29 million transactions across six blockchains with 155,000 active users.

2. Team & Investment Info
Mystiko.Network has formed a DAO to drive project development. Its white paper does not disclose information about core team members. Qiying Kuang: Former co-founder, currently working on ecosystem growth at OKX. She previously served as Partnership Director of NFT at Binance and Project Director at Binance Charity Foundation. She holds a master's degree in Environmental Engineering from Tsinghua University and a master's degree in Environmental Management from Yale University.
Funding: In March 2024, Mystiko.Network completed an $18 million seed funding round led by Sequoia Capital India/SEA (now known as Peak XV Partners), with participation from Samsung Next, Hashkey, Mirana, Signum, Coinlist, Naval Ravikant, Sandeep Nailwal, Gokul Rajaram, Tribe Capital, Morningstar Ventures, etc., with the company valued at $400 million. In April 2024, Mystiko sold 75 million XZK tokens on CoinList to raise $11.25 million, with participation from 20,260 users.

3. Social Media URLs
X: https://x.com/MystikoNetwork
Discord: https://discord.com/invite/mystiko

4. Token Info
Token Symbol: XZK
Total Supply: 1,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: https://etherscan.io/token/0xe8fC52b1bb3a40fd8889C0f8f75879676310dDf0
Token Distribution:
Private Round Backers: 20%, 1-year cliff after TGE, and then 2-year linear vesting
Community Round Backers: 7.5%, 25% unlock at TGE, and then 12-month linear vesting
Early User Rewards: 0.7%, 1-month cliff after TGE, and then 100% unlock
Core Contributors/Advisors: 15%, 1-year cliff after TGE, and then 3-year linear vesting
Ecosystem – Genesis Marketing: 5%, 25% unlock at TGE, and then 18-month linear vesting
Ecosystem – Marketing & Community Building: 10%, 1-month cliff after TGE, and then 4-year linear vesting
Community Incentives: 20.8%, upon request by community
Ecosystem – Application Developers: 11%, 1-month cliff after TGE, and then 4-year linear vesting
Ecosystem - General: 10%, 1-month cliff after TGE, and then 4-year linear vesting

5. Related Links
Official Website: https://mystiko.network/
LinkedIn: https://www.linkedin.com/in/mystiko-network/
Github: https://github.com/mystikonetwork
Block Explorer: https://explorer.mystiko.network/
White Paper: https://docs.mystiko.network/
Other Info: https://www.rootdata.com/zh/Projects/detail/Mystiko%20Network?k=MjM1NA%3D%3D

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.