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We’re excited to announce plans to introduce the $INK token and Ink Layer 2 into our existing product suite, unlocking a new wave of use cases powered by onchain protocols and infrastructure. We aim to deliver seamless onchain experiences and new opportunities for our global client base. 

$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.

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