Kraken will integrate INK tokens and Ink network to promote product upgrades and welcome airdrops

According to The Block, cryptocurrency exchange Kraken plans to integrate its INK token and Ink Layer 2 network into its existing core product system to serve global customers. Kraken stated that this move will "unlock a new wave of application scenarios driven by on chain protocols and infrastructure. As part of this plan, INK tokens will be included in the Kraken Drops reward program, and eligible users will receive airdrops. The Ink Foundation states that INK aims to maximize network utility rather than for "speculation" and will not participate in the governance decisions of Ink Layer 2. It is mainly used for liquidity aggregation and incentivizing the use of network applications. Arjun Sethi, Co CEO of Kraken, stated that INK will help to "unify the infrastructure of on chain and off chain users" and promote standardization of value flow. Since Kraken announced the upcoming airdrop of INK, the total value of Ink's network lock up has skyrocketed from approximately $20 million in June to over $102 million in July.