$INK will be issued by a subsidiary of the Ink Foundation, an independent entity that stewards the Ink Layer 2 and its ecosystem.
The token is designed to unify users, protocols and builders across the Ink Layer 2 ecosystem. $INK tokens will be part of Kraken Drops program, and will be airdropped to eligible, active Kraken clients and ecosystem participants.
“Our objective is to see production grade onchain systems deeply integrated across everything we offer,” said Arjun Sethi, Kraken co-CEO.
“The Ink Layer-2 gives the world a high throughput, low finality, EVM compatible environment that can be extended across trading and payments infrastructure. The Ink Foundation is standardizing how value moves – not just for DeFi users but for institutions, market makers and anyone operating in the digital asset space.”
“Kraken supports the Ink Foundation’s efforts to align infrastructure for both onchain and offchain users with the same performance, security and global accessibility.”
The Ink Foundation Board of Directors added: “This is a pivotal moment for the Ink community and everyone working to embed open, permissionless finance into everyday life for the masses.”
“By introducing $INK and Ink-native protocols into products already trusted by millions of users, Kraken is making the leap forward to a world where CeFi and DeFi aren’t divided. This is only the beginning of united capital markets that anyone can tap into. The real work starts here, and the future is ours to write.”
More details on these plans and the $INK airdrop will be shared in the future as milestones are reached.
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