# ZKLABX Token

<figure><img src="/files/KqgrkeGFjyEup2weFiP1" alt=""><figcaption></figcaption></figure>

Name: **zkSync Labs Escrowed Token**\
Ticker: **ZKLABX**\
Chain: **zkSync**\
Contract:&#x20;

$ZKLABX is illiquid and non-transferable, users can still benefit from it by staking and using it in approved contracts in the future. By allocating their available $ZKLABX to any plugin, users can enjoy its benefits, but it cannot be used for any other purpose while it's allocated and deposited on the token contract. If users wish to withdraw their allocated $ZKLABX, they can do so, but a default 0.5% fee will be applied. While $ZKLABX is non-transferable by default, it can be transferred to and from whitelisted addresses to enable important interactions, such as allocations and redeeming with the token contract, as well as additional usages through partner-specific implementations.


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