Bittime - ZKsync has announced that their long-awaited native token airdrop will launch. This airdrop will be a gift for early adopters and adopters of the ZKsync ecosystem.
ZKsync reported via its official website that around 695,230 wallets were eligible to receive the airdrop.
What is ZKSync?
ZKSync is a Layer 2 rollup for Ethereum designed to increase scalability and lower transaction costs.
ZKSync uses zero-knowledge proof technology to verify transactions off-chain, which makes it much faster and cheaper than Ethereum Layer 1.
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What is ZKSync Airdrop?
The ZKSync airdrop is big news for the Ethereum community and is a significant step forward for Layer 2 adoption.
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What is ZKsync Nation?
Based on ZKsync Nation data, the majority of ZK tokens, namely 67% or the equivalent of 14 billion ZK tokens out of a total of 21 billion tokens, are allocated to the community. Meanwhile, the ZKsync team and investors hold the remaining 33% or 7 billion ZK tokens.
The ZKSync airdrop distributed 17.5% of the token supply to 695,232 user and contributor wallets, making it the largest token distribution among large rollups. The tokens distributed have no vesting or lockup period, and are fully liquid from day one.
ZKSync token distribution
- 17.5%: Airdrop to users and contributors (starting next week)
- 19.9%: Ecosystem initiatives (over time)
- 29.3%: Assemby Token (over time)
The ZKSync airdrop is an important step to decentralize the project and reward the community that has supported it.
Shared tokens can be used to participate in project governance, pay transaction fees, and access decentralized applications on ZKSync.
ZKsync Airdrop: Users Get 89%, Contributors 11%
ZKsync has completed its latest token airdrop, with 89% of the total distribution allocated to users and 11% to contributors. This distribution is managed by the Ksync Foundation and ZK Nation.
According to the ZKsync team, the claim window for users will open next week and will last until January 3, 2025. On the other hand, contributors will start receiving their tokens on June 24.
Distrusion of ZKsync Tokens to Various Sources
- Investors: 17.2% allocated to investors who support ZKsync development. These tokens are locked for one year and will be unlocked gradually over three years, from June 2025 to June 2028.
- Matter Labs: 16.1% allocated to Matter Labs, the development team behind the ZKsync platform. These tokens are also locked for one year with the same unlocking scheme as investor tokens.
- Community: Approximately 0.5% of the total supply is allocated to the ZKsync on-chain experimental community. This group consists of users exploring innovative ways to use tokens and NFTs on ZKsync, including DEGEN and BONSAI airdrop recipients, Crypto the Game (CTG) players, and Pudgy Penguins and Milady NFT holders.
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Conclusion
This token allocation aims to ensure the long-term sustainability and growth of ZKsync. Investors and Matter Labs play a critical role in the platform's development, while the on-chain experimental community helps drive innovation.
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Also Read:
How to Increase Profits on zkSync Airdrop
ZKsync Airdrop Will Be Held Next Week, Here Are the Details!
zkSync Airdrop: 1,650,351 Addresses Potentially Receive Airdrop!
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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