Kraken-Backed Ink Foundation Debuts Capped $INK Token

Kraken-backed Ink Foundation launches capped 1B $INK token with an airdrop—reshaping Ethereum Layer 2 ecosystem.

Aurelien Sage June 18, 2025 - 3:50 PM

Ethereum

Kraken supports Ink Foundation launch with capped 1B $INK token
Ethereum Layer 2 $INK airdrop fosters community engagement
Ink Foundation emphasizes scalability, scarcity, and decentralization

The Ink Foundation, supported by Kraken, is set to launch on Ethereum Layer 2 with the introduction of the native token $INK. The total supply has been permanently capped at one billion tokens, underlining the project’s focus on scarcity and long-term value.

Airdrop Strategy to Engage Users

To encourage mass participation, the Ink Foundation will distribute $INK via an airdrop targeting early adopters, developers, and dApp users. This community-first strategy aims to kickstart ecosystem growth and reward early engagement, offering a fair chance for supporters to receive tokens.

⚡️ NEW: Kraken-backed Ethereum Layer 2 Ink Foundation to launch and airdrop $INK token, with token supply permanently capped at 1B. pic.twitter.com/zAdMdVbWmh
— Cointelegraph (@Cointelegraph) June 18, 2025

Enhancing Ethereum with Layer 2 Scalability

By operating as an Ethereum Layer 2, the Ink Foundation aims to deliver faster transaction speeds and lower fees. Kraken’s backing adds credibility and vital infrastructure support. With decentralized governance and a capped supply, the project blends technical efficiency with long-term sustainability.

Read also:

Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.