zkPass ($ZKP) lets users prove facts from Web2 to on-chain without exposing the raw data. It keeps user’s privacy intact while unlocking loans, airdrops, and gated features.
Curious how it works and where to use it? Dive into this article to learn more.
What is zkPass?
zkPass is a decentralized oracle protocol that allows users to convert private internet data into verifiable zero-knowledge proofs (ZKPs) on-chain, without revealing sensitive information.
Built on zkTLS technology, which combines 3-Party Transport Layer Security (3P-TLS), Multi-Party Computation (MPC), and Zero-Knowledge Proofs (ZKP), zkPass connects private data from Web2 to Web3 applications.
This enables privacy-preserving verifications in areas such as identity, compliance, finance, and governance, eliminating the need for OAuth, APIs, or uploading documents.
By tokenizing verifiable proofs, zkPass taps into the growing demand for secure data sharing in decentralized ecosystems, offering compatibility with all HTTPS-based web sessions and anti-fraud mechanisms to prevent data manipulation.
Examples: include ZKKYC for decentralized authentication and proofs for financial records or credentials.
How Does zkPass Work?
zkPass enhances the standard TLS protocol by integrating decentralized MPC nodes into a 3-party handshake process, enabling secure login and local ZKP generation without compromising privacy.
Users can prove the authenticity of data from trusted sources while keeping the enc key private, ensuring nodes cannot access or store the data.
The core process includes:
- 3P-TLS Handshake: Random MPC nodes monitor the session, sharing a portion of the mac_key to verify integrity.
- ZKP Generation: Users create proofs locally using a memory-efficient Hybrid ZK system (VOLE-ZK and zk-SNARKs), supporting millisecond proving times in browsers.
- Verification: Proofs are uploaded on-chain as soul-zkSBTs or shared privately, verifiable for provenance, authenticity, and validity.
- Integration: Low-code SDKs allow businesses to trust these proofs for granting access or privileges.
Users discover data sources via TransGate, generate and share proofs for rewards or access; data providers benefit from secure verification without exposure, the protocol ensures transparency and efficiency by bridging Web2 data silos with Web3 composability, fostering a privacy-first ecosystem.
Example:
- Suppose an investor wants to prove their bank balance for DeFi loan eligibility without revealing the exact amount or account details.
- Using zkPass TransGate, they log into their bank via HTTPS, select relevant fields via Schema, create a local ZKP proving "balance > $10K", and submit it on-chain.
- The lender verifies the proof cryptographically, granting access while preserving privacy. This could yield benefits like lower interest rates or governance voting rights, with potential appreciation in proof utility over time.
Products of zkPass
zkPass offers a suite of simple products and tools focused on helping users securely convert private data (such as bank information, academic certificates, or transaction history) from regular websites (Web2) to the blockchain world (Web3), without sharing the actual data.
All are based on high-security technology to ensure privacy: no one (including zkPass) can view or store user’s data.
Below is a detailed description of each product:
- TransGate: This is the main tool of zkPass, like a "bridge" between a regular web browser and the blockchain. It allows users to retrieve private data from any HTTPS-based website, convert it into a ZKP proof, and send it to the blockchain without needing APIs or sharing real data.
- Schema: This tool helps users map data from a website, meaning it lets users select exactly which pieces of information to prove (such as account balance or name). It makes the proof creation process customizable and easier, suitable for business or personal needs.
- Client/Server SDKs: This is a set of programming tools (SDK - Software Development Kit) that help developers integrate zkPass into their applications easily, with minimal code (low-code). It includes JS-SDK (for JavaScript) to connect DApps with TransGate and verify private data from HTTPS websites.
- $ZKP Checker: This is a simple web portal to check and verify the ZKP proofs user’s created, ensuring the proof is valid without revealing the actual data.
$ZKP Information
Key Metrics of $ZKP
- Token Name: zkPass Token
- Token Ticker: $ZKP
- Token Type: Utility/Governance
- Total Supply: 1B $ZKP
- Contract Address (CA): TBA
$ZKP Token Use Cases
$ZKP can be used for:
- Settlement Medium: $ZKP is the native functional unit required for proof settlement and verifier execution within the zkPass ecosystem.
- Validator Collateral: Validators post $ZKP as operational collateral to ensure network correctness, uptime, and reliability.
- Network Credits: $ZKP operates as on-chain credits for recording and accounting network contributions, including verifiable computation and integrations.
- Service Access: Used by enterprises and developers to interface with zk-native verification APIs and privacy-preserving data infrastructure.
- Cross-System Verifiability and Governance: $ZKP supports decentralized coordination and acts as the trust layer linking verifiable systems, while sustaining audits and other non-profit maintenance activities.
$ZKP Listing
- Listing Time: TBA
- Confirmed CEX Listings: TBA
- Pre-Market Price (Whales Market): TBA
zkPass Tokenomics & Fundraising
Tokenomics
- Total Supply: 1B $ZKP
- $ZKP Allocation:
- Community: 48.5%
- Early Investors - 22.5%
- Core Contributors: 14%
- DAO Treasury: 10%
- Liquidity: 5%
Fundraising
According to Cryptorank, zkPass has raised a total of $17M across multiple rounds, including:
- $12.5M Series A in October 2024 led by dao5, Animoca Brands, Flow Traders, Amber Group, and other investors.
- Previously, a $2.5M Seed round was backed by YZI Labs, Sequoia China, OKX Ventures, and more. The project has a pre-valuation of $100M.
zkPass Roadmap and Team
Roadmap
zkPass has not yet published a detailed development roadmap for the future.
Team
- Founder: Bing Jiang
Conclusion
zkPass stands out as a leading privacy-focused oracle protocol in the zk ecosystem, enabling secure data verification that connects Web2 and Web3. With strong backing and innovative zkTLS technology, it promises sustainable privacy solutions and demonstrates blockchain's role in enhancing data security across industries.
FAQs
Q1. What is the $ZKP token for?
Proof settlement, validator collateral, network credits, service access, and governance.
Q2. Is $ZKP listed yet?
Details are TBA. Check official channels before trading.
Q3. What’s the $ZKP supply and allocation?
Total supply: 1B $ZKP. Main buckets: community, early investors, core contributors, DAO treasury, and liquidity.
Q4. What is $ZKP pre-market price?
Currently, $ZKP will be listed on Whales Market . Whales Market is the leading pre-market DEX platform to trade pre-TGE tokens and allocations, with over $300 million in volume, no middlemen, trustless and on-chain.
Q5. What is the price of ZKP token today?
While $ZKP hasn't been listed yet, users can trade $ZKP pre-market on Whales Market before the TGE. Here you can trade $ZKP before the asset gets listed on leading CEXes like Binance, Bybit or OKX.