Written by: Asher (@Asher_0210), Planet Daily

Yesterday, Boundless, which raised $54 million, officially announced its token economic model, with 6% allocated for community sales and airdrops. Additionally, it was recently announced that the community token sale will begin on August 25 at the Kaito Capital Launchpad. Community members who participate in the mainnet beta and achieve bronze, silver, gold, or diamond levels will be eligible for priority allocation in the sale, with specific sales details to be announced by Kaito.

Next, Odaily Planet Daily will take you deeper into Boundless, which is highly anticipated by the "haircut gang," including project overview, token model, community sales, and more.

Project Overview

Boundless can be defined as "the native modular execution layer of Ethereum," a positioning that implies a paradigm shift in blockchain architecture. Just as cloud computing breaks down data centers into different layers, Boundless is splitting ZK proofs into pluggable components:

• ZK mining market: Drawing on the competitive mechanism of Bitcoin PoW, but replacing hash collisions with proof generation to eliminate energy waste;
• Verification as a service: Similar to how AWS Lambda abstracts server management, developers do not need to build their own verification nodes;
• Cross-chain execution layer: Like the HTTP protocol unifying internet communication, Boundless becomes a ZK co-processor shared by multiple chains.

Currently, more than 30 teams plan to build and deploy applications on Boundless.

Regarding financing, Boundless is a project under RISC Zero, which has raised a total of $54 million to date.

On July 16, Boundless announced on the X platform that the mainnet beta version is now live. Completing related tasks will grant access to the Boundless token sale whitelist and additional token rewards, with tasks divided into bronze, silver, gold, and diamond levels.

Token Economic Model: 6% Allocated for Community Sales and Airdrops, 100% Unlock at TGE

According to official documents, Boundless is set to launch its native token ZKC, with an initial total supply of 1 billion tokens, distributed as follows:

• Ecosystem growth: 49% of the total supply. Of this, 31% will be allocated to the ecosystem fund, held by the Boundless Foundation. 25% of this portion will be locked for 1 year, and the remaining 75% will be unlocked monthly over the next 24 months until the end of the 3rd year;
• Strategic growth fund: 18% of the total supply, used for corporate integration, business development, and institutional-level verifier access. This portion of tokens will gradually unlock over 12 months;
• Core team and early contributors: 23.5% of the total supply. Of this, 20% of the tokens are allocated to the core development team and early contributors who brought Boundless from concept to mainnet. An additional 3.5% is allocated to RISC Zero, the company that initially incubated Boundless, with unlocking rules consistent with the ecosystem fund;
• Community token sales and airdrops: 6% of the total supply, rewarding early contributors including verifiers and Kaito Yappers. Community sale tokens will unlock 50% at TGE, with the remaining 50% unlocking 6 months later, while airdrop tokens will unlock 100% at TGE;
• Investors: 21.5% of the total supply, with 25% locked for 1 year, and the remaining 75% unlocking monthly over the next 24 months until the end of the 3rd year.

ZKC Token Model

Additionally, after TGE, the inflation rate of the token in the first year will be 7%. Subsequently, the annual inflation rate will gradually decrease, reaching 3% by the eighth year, after which the annual inflation rate will remain at 3%.

According to feedback from several community members, the specific allocation for the total 6% of community sales and airdrops is as follows:

• Kaito leaderboard: 0.25%;
• S1 incentive verifiers: 0.5%;

The remaining 5.25% will be used for token sales, S2 incentive verifiers, testnet/mainnet verifiers, Discord roles, and community participation, among other uses (the specific distribution ratio of this 5.25% is currently unclear).

Community Token Sale to Begin on August 25 at Kaito Capital Launchpad

Currently, the bronze, silver, gold, and diamond level tasks for the Boundless mainnet beta have concluded. Participants who interacted previously can check their account rankings and other information (link: https://signal.beboundless.xyz/story).

Illustration of Diamond Address on Mainnet Beta

As the community token sale will begin on August 25 at the Kaito Capital Launchpad, eligible participants must complete identity verification on the Kaito platform.

Need to Bind X Account + KYC Verification, Multi-Account Holders "Lose Out"

After Boundless announced its token model yesterday, the "haircut gang" expressed some dissatisfaction with the low proportion of airdrop tokens. However, there remains significant anticipation for such a high-funding, high-profile project. Today, after Boundless announced that the token sale will take place on the Kaito platform, the community has shown noticeable negative feedback.

The main reasons are twofold. First, the Kaito platform requires users to bind their addresses to X accounts, which poses a significant challenge for "those holding dozens or even hundreds of gold or diamond level accounts." Second, accounts participating in the token sale on Kaito must undergo KYC verification, but KYC verification is not supported in many countries and regions, and KYC identities from China cannot be used, leaving the vast majority of community members who were originally looking forward to participating feeling disappointed and dissatisfied.

As for the specific details of the token sale, we can only wait for further announcements from Kaito.

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