zkSync, the Ethereum zero-knowledge (ZK) Layer-2 scaling solution, has announced the upcoming distribution of its newly launched token, zkSync (ZK).
According to a June 11 ZKNation blog post, nearly 3.68 billion tokens will be airdropped to 695,232 eligible wallets next week, representing 17.5% of the total 21 billion token supply.
Eligibility for the airdrop is based on interactions with zkSync’s Era or Lite networks before the snapshot date on March 24. The seven criteria, designed to prevent Sybil attacks, include interacting with ten smart contracts, trading ten ERC-20 tokens, or depositing liquidity into decentralized finance (DeFi) protocols. Each eligible wallet will receive up to 100,000 tokens.
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Of the total airdrop, 89% will go directly to the network’s users, with the rest supporting native projects, on-chain communities, and builders within the zkSync ecosystem.
Additionally, less than 0.5% of the total supply is allocated for special drops to players of “Crypto: The Game,” as well as holders of Pudgy Penguins and Milady Maker non-fungible tokens (NFTs) and previous DEGEN and BONSAI airdrop recipients.
The remaining tokens are reserved for a “token assembly” (29.3%), ecosystem initiatives (19.9%), investors (17.2%), and the development team at Matter Labs (16.1%). The blog post stated:
Awarding more tokens in the airdrop than to the Matter Labs team and investors is more than a symbolic decision for the community.
The airdrop will start next week and continue until January 3, 2025. Token holders can participate in the protocol’s governance immediately upon receipt of their tokens.
This approach strengthens community involvement and trust in the project’s long-term vision.
However, Matter Labs, the developer of zkSync, recently faced backlash for attempting to trademark the term “zero-knowledge” (ZK) in nine countries, which they subsequently abandoned.
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