Kraken-Backed Ethereum Layer 2 Ink Announces INK Token Launch and Airdrop

The Ink Foundation has unveiled plans to launch and airdrop its native INK token, marking a significant milestone for the Kraken-incubated Ethereum Layer 2 project as it positions itself to compete with Coinbase’s tokenless Base network.

INK will debut with a fixed supply of 1 billion tokens and will not carry any governance function within the Ink ecosystem.

Instead, the foundation describes INK as a utility token aimed at encouraging network usage and liquidity, rather than serving speculative or governance-driven purposes.

The token’s initial application will center on an Aave-integrated liquidity pool, which will form the foundation of Ink’s DeFi infrastructure and provide airdrop rewards to early participants.

The launch will be overseen by a foundation subsidiary, with indications of multiple airdrops planned for future phases.

Ink is a member of the Optimism Superchain—an interoperable ecosystem that includes Base, OP Mainnet, Soneium, Unichain, World Chain, and others.