Maker

DeFi

Aevo

zkSync

Billion

<p>Ethereum’s zero-knowledge layer 2 solution, zkSync, has introduced its token, zkSync (ZK), and plans to airdrop nearly 3.68 billion tokens next week.</p> 
<p>As <a href="https://blog.zknation.io/zk-token/" target="_blank" rel="noreferrer noopener nofollow">announced on June 11, 17.5%</a> of the total supply of 21 billion tokens will be distributed to 695,232 eligible wallets. The remaining tokens will be reserved for various initiatives, the development team, investors, and a “token assembly.”</p> 
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   <p lang="en" dir="ltr">Introducing the ZK Token<br><br>Checker → <a href="https://t.co/O2UonCvfzi" target="_blank">https://t.co/O2UonCvfzi</a><br>Announcement → <a href="https://t.co/hjgI14PHoi" target="_blank">https://t.co/hjgI14PHoi</a><br>Docs → <a href="https://t.co/taWBoCnfbc" target="_blank">https://t.co/taWBoCnfbc</a><br><br>It’s time to put the ZK token into the hands of the community. It’s your turn to govern ZKsync’s future. <a href="https://t.co/VD3fZgH5bf" target="_blank">pic.twitter.com/VD3fZgH5bf</a></p>— ZK Nation (@TheZKNation) <a href="https://twitter.com/TheZKNation/status/1800424206129357194?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 11, 2024</a>
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<p>On pre-market platforms like Aevo and PancakeSwap, ZK has traded as high as $0.71, suggesting a market capitalization of approximately $14.91 billion.</p> 
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  <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXflr4OBtafI3KLByB5AY0PdVcaO8DVsVjKuAIrR_hcxrs_gXzRFoSTuYwl7ZuoWzjulf8Q7jPXDIvgAfc0KaluGIVRrks8ODzprqHjMPGAeAgQEql3A1VU5UR8UnFFeG3xmAgm5YHJs-HWaGiFx81iYkM4A?key=MFAq_uKPXhwqSCNPvQqgmA" alt="AD 4nXflr4OBtafI3KLByB5AY0PdVcaO8DVsVjKuAIrR hcxrs gXzRFoSTuYwl7ZuoWzjulf8Q7jPXDIvgAfc0KaluGIVRrks8ODzprqHjMPGAeAgQEql3A1VU5UR8UnFFeG3xmAgm5YHJs">
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   Image Source: zkSync (Zk token distribution)
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<p>About 3.27 billion tokens, or 89% of the airdrop allocation, will go to network users, while the rest will be distributed to native projects and communities. Wallets eligible for the airdrop had to interact with zkSync Era or zkSync Lite networks before the March 24 snapshot date.&nbsp;</p> 
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  <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfn9h476guEZxVEeHBhzizxhUPEDqbpReVbikGrMlXSxT8H1R8vDOx0-dp6mmLPVy2Dah4PW777xPOJKi9c33rQ1FNbGZ7Z6PCEJscYUaJlwtBpGSyh1vsbJfLrqH6CZ5Z1WKGBU5moVUQv0qqgOlP2E00Z?key=MFAq_uKPXhwqSCNPvQqgmA" alt="AD 4nXfn9h476guEZxVEeHBhzizxhUPEDqbpReVbikGrMlXSxT8H1R8vDOx0">
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   Image Source: zknation (Usage-based allocation)
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<p>To prevent Sybil attacks, zkSync established seven eligibility criteria. These included interacting with ten smart contracts, trading ten ERC-20 tokens, or depositing liquidity into a DeFi protocol, among others. Each wallet’s airdrop is capped at 100,000 tokens.</p> 
<p>Additionally, less than 0.5% of the total supply will be airdropped to the players of Crypto: the Game, and holders of the Pudgy Penguins and Milady Maker NFT collections, along with DEGEN and BONSAI aridrop recipients.</p> 
<p>One-third of the total supply will be split almost evenly between investors and the zkSync development team, Matter Labs. This team <a href="https://www.cryptotimes.io/2024/05/25/zksyncs-zk-token-ticker-sparks-controversy-with-polyhedra/" target="_blank" rel="noreferrer noopener">faced criticism</a> last month for attempting to trademark “ZK,” a move they later abandoned. These tokens will unlock over three years, from June 2025 to 2028.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/06/10/zknation-launches-governance-hub-for-zksync-protocol/" target="_blank" rel="noreferrer noopener">ZKNation Launches Governance Hub for ZKsync Protocol</a></p> 
</blockquote>

zkSync to Airdrop Nearly 3.68 Billion of ZK Tokens Next Week

The Crypto Times

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