ZKsync’s Billion-Dollar Airdrop: Are You One of the 695,232 Recipients? – Blockonomi


TLDR

ZKsync,
a
prominent
Ethereum
layer-2
scaling
solution,
is
set
to
distribute
3.675
billion
of
its
native
ZK
tokens
to
early
users
and
adopters
next
week.

The
one-time
airdrop,
which
accounts
for
17.5%
of
the
total
21
billion
token
supply,
aims
to
reward
the
ZKsync
community
for
their
participation
and
support.

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Eligibility
for
the
airdrop
was
determined
by
a
snapshot
of
user
activity
on
ZKsync
Era
and
ZKsync
Lite,
taken
on
March
24,
2024.

To
qualify,
users
needed
to
meet
specific
criteria,
such
as
interacting
with
a
minimum
of
10
smart
contracts,
depositing
liquidity
into
DeFi
protocols,
or
trading
a
variety
of
ERC-20
tokens.
The
ZKsync
team
has
identified
695,232
wallets
that
meet
these
requirements
and
will
be
part
of
the
airdrop.

The
ZKsync
Association
has
allocated
the
majority
of
the
token
supply
(67.5%)
to
the
community
and
ecosystem
initiatives,
demonstrating
their
commitment
to
decentralization
and
community
governance.

The
remaining
tokens
will
be
distributed
to
the
Matter
Labs
team
(16.1%)
and
investors
(17.2%),
with
a
4-year
vesting
period
to
ensure
long-term
alignment
with
the
project’s
goals.

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According
to
Alex
Gluchowski,
founder
and
CEO
of
Matter
Labs,
the
airdrop
has
been
designed
to
prioritize
“real
people”
and
limit
the
influence
of
“whales.”
The
maximum
allocation
per
wallet
will
be
capped
at
100,000
ZK
tokens,
ensuring
a
more
equitable
distribution
among
participants.

Pre-market
valuations
on
exchanges
like
Aevo
and
PancakeSwap
have
priced
the
ZK
token
at
around
$0.66,
potentially
putting
the
total
value
of
the
airdrop
at
over
$2.5
billion.
This
valuation
is
particularly
significant,
as
it
represents
nearly
three
times
ZKsync
Era’s
current
total
value
locked
(TVL)
of
$815
million.

The
ZKsync
airdrop
comes
amidst
a
wave
of
similar
events
in
the
Ethereum
layer-2
ecosystem,
with
projects
like

StarkNet
and

EigenLayer
also
recently
distributing
tokens
to
their
users.

However,
some
of
these
airdrops
have
faced
criticism
for
their
allocation
methods
and
regional
restrictions.
ZKsync
has
aimed
to
address
these
concerns
by
prioritizing
fairness
and
inclusivity
in
its
approach.

Go to Source
Author: Oliver Dale


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