On September 17th, the U.S. Federal Reserve is expected to cut interest rates, which could impact the movement of financial assets, including cryptocurrencies. This article explores the potential effects of these changes on the market and analyzes the new Boundless ($ZKC) project.
Outlook on Interest Rate Cuts
On September 17th, the U.S. Federal Reserve is anticipated to lower interest rates. This event may significantly influence financial markets, including cryptocurrencies. Although the exact consequences remain uncertain, there is optimism in the crypto community, particularly regarding altcoins, as many are awaiting the onset of an 'altseason' towards the end of the year, which has historically been characterized by price increases.
Overview of Boundless ($ZKC)
Boundless is a new crypto project developed by RISC Zero, known for creating the first zero-knowledge virtual machine (zkVM). The primary goal of the project is to accelerate, reduce costs, and enhance security for transactions on blockchains using zero-knowledge proofs (ZKPs). Boundless processes computations off the main chain, allowing for more efficient information handling.
Tokenomics of Boundless ($ZKC)
$ZKC is the primary resource of the Boundless network. The genesis supply is 1 billion tokens, with an initial inflation rate of 7% that gradually decreases to 3% by the eighth year. The token serves various purposes: staking, network security, rewarding provers, and governance. At launch, about 200 million ZKC are in circulation, making up 20% of the total supply.
Interest rate cuts may represent a significant event for the cryptocurrency market. While many anticipate positive changes, the emergence of new projects like Boundless ($ZKC) underscores the dynamic development of the crypto industry. The contrast between market expectations and new technologies could create favorable conditions for further growth.
