Ethereum Hermez Expansion Project Announces Total Release of 100 Million HEZ

On October 16, Ethereum ZK Rollup plans to launch Hermez by announcing the translation of the HEZ token. According to officials, HEZ's export is 100 million copies, and HEZ will operate in two ways: auction and payment. In the competition, the participant can use HEZ to bet on the L2 network in order to identify the blockchain code. When HEZ enters the system through a contest, 30% of the tokens are destroyed, 40% of the tokens are donated to Gitcoin, and an additional 30% are distributed to network partners for unique tokens (DAI, USDT, ETH, HEZ). Note: Hermez is a ZK Rollup network expansion strategy started by the Ethereum Scaling Solutions iden3 technical team.