Introduction
Hi Treasure Community and Ecosystem, this is Ben, Business Lead at the ZKsync Foundation. The ZKsync Foundation has spent the last few weeks engaging in in-depth discussions with the TreasureDAO core team. Through these conversations, we identified not only a strong alignment in vision and goals but also significant strategic potential for a collaboration between ZKsync and Treasure. As a result, the ZKsync Foundation is putting forward a joint proposal with the TreasureDAO core team.
TL;DR
The ZKsync Foundation and TreasureDAO propose a token swap with the following key terms:
- Token swap of 16,800,000 ZK for 5,264,879 MAGIC.
- The token swap is contingent upon a successful Treasure launch as a ZK Chain in the ZKsync ecosystem.
Who We Are
ZKsync Foundation Mission
The ZKsync Foundation has the mission to maintain, facilitate, foster and improve the security and systems-integrity of ZKsync and ZKsync-related technology in alignment with the principles outlined in the ZK Credo.
Strategic Focus
In pursuit of these objectives, the ZKsync Foundation strategically aligns with select ecosystem participants through mechanisms that facilitate long-term collaboration and continued participation and innovation.
Why Collaborate with TreasureDAO?
TreasureDAO is not only a cornerstone of the gaming ecosystem but also synergizes exceptionally well with many of ZK Nation’s existing participants, including Lens and Abstract. TreasureDAO’s ecosystem includes Tier-1 games like The Beacon, Zeeverse, and Smolbound that are rapidly growing in user base and engagement. We believe TreasureDAO’s future potential aligns well with our mission to foster high-quality innovation and continued participation in the ZKsync ecosystem. By working with Treasure, we can collectively foster progress and improve user experiences across the gaming, consumer, and DeFi space.
Proposal
Token Swap Details
- Swap Ratio: Token swap of 16,800,000 $ZK for 5,264,879 $MAGIC.
- Milestones: The token swap is contingent upon a successful Treasure launch as a ZK Chain in the ZKsync ecosystem, with an exclusivity period of 3 years.
- Lockup & Vesting: Both TreasureDAO and the ZKsync Foundation will adhere to a symmetrical 12month token lockup, followed by a 24-month linear unlocking schedule.
Conclusion
This proposal is designed to create a win-win collaboration, with long-term alignment between ZKsync Foundation and TreasureDAO, ensuring both ecosystems benefit from mutual innovation. By combining ZKsync’s scalability and security with Treasure’s robust gaming ecosystem and know-how, we are confident that this collaboration will unlock new opportunities, accelerate adoption and incubate new products across both platforms.