Kraken’s Ink Foundation announces the launch of INK token

In a recent post on X, the Ink Foundation has announced the upcoming launch of INK, a token created to support the development of on-chain capital markets within the Ink ecosystem. Ink is a layer-2 (L2) blockchain released by Kraken on Ethereum that operates as part of the Optimism Superchain. INK will have a fixed supply of one billion tokens. The token’s first use case will be a liquidity protocol built on Aave. Early participants in the liquidity protocol will be eligible for an airdrop, with more information to be shared soon.