Ink foundation to launch $INK token to incentivize ecosystem growth, the token will not be the governance token of the Inkchain L2

Ink Foundation said it will launch $INK as a new token to incentivize activity across the Ink ecosystem, including users, protocols, and builders, rather than to govern the L2 itself. Reporting on the announcement says the token is expected to be issued by an independent Ink Foundation subsidiary, with distribution tied to Kraken’s rewards/airdrop programs and ecosystem participation. The key distinction in the announcement is that INK is not the governance token for Inkchain’s L2. Instead, it is positioned as a utility and incentive token meant to direct liquidity and reward onchain usage across the network, while core L2 governance and technical parameters remain separate under the Optimism/Superchain framework. That matters because it separates economic incentives from protocol control, which can affect how developers, users, and investors evaluate the network’s token design and regulatory posture.

✨ AI-generated background, compiled from web sources — not editorial content.

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• L2
• Governance
• Superchain
• Token Launch