Get ready! ZKSync Airdrop of 3.6 Billion ZK Tokens Launching Next Week!

Bittime - Get ready, ZKSync's airdrop of 3.6 billion ZK tokens is planned to be launched next week.

For those of you who are airdrop hunters, don't miss this exciting news. Maybe you are lucky to get quite a lot of ZK tokens during the ZKSync airdrop.

ZKSync Association Optimism for ZKSync Airdrop

The ZKsync Association will distribute 3.675 billion ZK tokens to early users and adopters of the Ethereum Layer 2 ZKsync network next week.

This amount represents 17.5% of the total ZK token supply, which stands at 21 billion tokens, according to ZKsync's announcement on Tuesday. 

The ZKSync airdrop is planned to be a one-time event, and users can start claiming their tokens next week until January 3, 2025. 

For the process, contributors can start claiming their tokens starting June 24.

Also Read: New Zealanders Choose Crypto Over Property

Another 49.1% of the token supply will be distributed through ecosystem initiatives, with 17.2% allocated to investors and 16.1% to the Matter Labs team.

"Giving away more tokens in the airdrop than the Matter Labs team and investors is more than just a symbolic decision for the community," the ZKsync Association said in a statement. 

"When the ZKsync governance system launches in the coming weeks, the community will have the largest supply of liquid tokens to drive protocol governance improvements," added the ZKSync Association.

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ZKSync Airdrop Release Details Finally Appear

ZKsync has selected 695,232 wallets for the airdrop, the project said. 

Airdrop eligibility and allocation is based on a snapshot of activity on ZKsync Era and ZKsync Lite taken on March 24, 2024, at 0:00 UTC, marking the one year anniversary of ZKsync Era's mainnet launch.

ZK's 17.5% airdrop was split between two groups of community members — users (89%) and contributors (11%). 

Users are those who transact on ZKsync and meet certain activity thresholds. 

Contributors, on the other hand, are individuals, developers, researchers, communities, and companies who have contributed to the ZKsync ecosystem and protocol through development, advocacy, or education, regardless of their network activities.

Source: https://www.theblock.co/

Other Allocations

Other community allocations will be distributed over time through ecosystem initiatives, managed by the ZKsync Foundation, and through ZK Nation's governance processes to support an ecosystem that continues to grow with the influx of new users, ZKsync said.

Less than half a percent of the total supply is allocated to what the project calls experimental communities. 

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This number includes wallets that received Degen and Bonsai airdrops due to activity on decentralized social networks Farcaster and Lens. 

This allocation also includes those who have played Crypto the Game, which was recently acquired by Uniswap Labs, as well as NFT projects Pudgy Penguins and Milady Maker.

Source: https://www.theblock.co/

The remaining supply is allocated to investors and the Matter Labs team. Their ZK tokens will be locked for one year first and then will be unlocked for three years, starting from June 2025 to June 2028.

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Also Read:

How to Increase Profits on zkSync Airdrop

zkSync Airdrop: 1,650,351 Addresses Potentially Receive Airdrop!

What is the zkSync Ecosystem and How Does It Work?

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.