The Ink Foundation, the nonprofit backing Ethereum Layer-2 network Ink, has formally announced the upcoming launch and airdrop of the INK token.
This development sets up a potential rivalry with Coinbase’s Base network, which has consistently rejected plans for a native token.
Token Launch With Clear Limits
According to a press release, INK will feature a fixed supply of 1 billion tokens, capped permanently and immune to future changes via governance mechanisms. The foundation clarified that the token won’t influence any governance decisions within the Ink Layer-2 protocol.
Instead, INK is designed to drive real usage, not speculation. “No fluff. No governance theater. Just aligned incentives from day one,” stated Ink’s official X account, emphasizing its single-token design for functionality rather than market hype.
Use Cases Focused on Liquidity and Adoption
Unlike other Layer-2 networks that tie tokens to governance or validator staking, INK will be primarily used to incentivize liquidity and drive application usage across the ecosystem. The model aims to foster sustainable growth by rewarding activity rather than relying on speculative dynamics.
Positioning Against Coinbase’s Base
Coinbase’s Base L2 has gained traction as a tokenless network built atop Ethereum, using ETH exclusively for gas fees. The launch of INK introduces a notable contrast, positioning Ink as a Kraken-incubated alternative that blends usage-focused tokenomics with long-term ecosystem alignment.
As anticipation builds for the airdrop and broader ecosystem rollout, Ink’s approach could attract users seeking utility-driven participation—without the distractions of governance speculation.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/kraken-backed-ink-l2-to-launch-ink-token-with-unique-non-governance-model/