{"id":80975,"date":"2024-06-11T10:52:36","date_gmt":"2024-06-11T14:52:36","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=80975"},"modified":"2024-06-11T10:53:39","modified_gmt":"2024-06-11T14:53:39","slug":"polyhedra-launches-staking-following-zk-trademark-drama-resolution","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/polyhedra-launches-staking-following-zk-trademark-drama-resolution\/","title":{"rendered":"Polyhedra Launches Staking Following ZK Trademark Drama Resolution"},"content":{"rendered":"\n

Polyhedra has announced a temporary staking scheme<\/a>, granting participants a total of $1.13 million in USDT worth of ETHFI, ID, and CYBER tokens.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The company that created zkBridge, Polyhedra Network, has announced opening a short-term staking program\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> that would give participants tokens with a total value of $1.13 million in USDT. <\/p>\n\n\n\n

According to Polyhedra's Notion statement, the four-week-long staking event enables ZKJ token holders on the network to exchange their tokens for rewards in ETHFI, ID, and CYBER tokens. <\/p>\n\n\n\n

Players in the campaign, which ends on July 11, must stake their tokens for at least one week in order to be eligible for a reward. To get a $100 reward, players must stake 1,000 ZKJ tokens currently valued at $1,110.
<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/polyhedrazk\/status\/1800025891319542155\n<\/div><\/figure>\n\n\n\n

 <\/p>\n\n\n\n

The most recent event happened not long after Matter Labs, the business behind the zkSync layer-2 solution, gave up trying to register the term “ZK” as a trademark in response to criticism from the cryptocurrency community<\/a>. <\/p>\n\n\n\n

Three days prior, the decision was made in response to criticism from top ZK experts who contended that ZK discoveries ought to be regarded as a public good that is available to anyone. <\/p>\n\n\n\n

The dispute started when Matter Labs<\/a> attempted to get exclusive intellectual property rights by filing for trademarks on “ZK,” even though Polyhedra Network already used the ticker for its coin. <\/p>\n\n\n\n

Polyhedra Network retaliated by changing its ticker to “ZKJ” and denouncing Matter Labs' conduct as befitting “a thief and a robber, not a blockchain builder.” <\/p>\n\n\n\n

Matter Labs clarified that it had filed for ZK-related trademarks to guarantee that ZK could be used without restriction with names connected to the business, such as “ZK Sync” and “ZK Stack.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Polyhedra has announced a temporary staking scheme, granting participants a total of $1.13 million in USDT worth of ETHFI, ID, and CYBER tokens. The company that created zkBridge, Polyhedra Network, has announced opening a short-term staking program that would give participants tokens with a total value of $1.13 million in USDT. According to Polyhedra’s Notion […]<\/p>\n","protected":false},"author":43,"featured_media":80976,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[19931,19930,19932],"class_list":["post-80975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-polyhedra","tag-staking-program","tag-zk"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1718115011455.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=80975"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/80976"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=80975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=80975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=80975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}