Ethereum

Blast

Token

DeFi

Planet

<div class="intro-text"> 
 In preparation for the launch of its native governance token, ZK coin, Ethereum Layer 2 project ZKSync has announced an airdrop of 17.5% of the token’s total circulating supply, amounting to 21 billion tokens. 
</div> 
The distribution will commence next week. 
According to the<a style="color: #0000ff;" href="https://blog.zknation.io/zk-token/"> announcement</a>, the airdrop will be based on specific criteria. Eligible participants include those who have interacted with at least ten smart contracts on the ZKSync platform, provided liquidity to any DeFi protocol, or traded ten ERC-20 tokens. Once users claim their airdrop tokens, they will immediately be able to participate in the protocol’s governance. 
The ZK coin<a style="color: #0000ff;" href="https://blog.zknation.io/zk-token/"> distribution plan</a> aims to prioritize the community and stakeholders. A substantial 66.7% of the total token supply is earmarked for the community. Of this, 29.3% will be distributed during the token assembly phase, 19.9% will be allocated to ecosystem initiatives, and the remainder will be reserved for the airdrop event. The remaining 33.3% will be divided between the project team (16.1%) and investors (17.2%). 
<figure id="attachment_15013" aria-describedby="caption-attachment-15013" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="wp-image-15013 size-full" src="https://defi-planet.com/wp-content/uploads/2024/06/Screenshot-2024-06-11-at-17.46.19.jpg" alt="ZKSync to Airdrop 17.5% of ZK Coin’s Circulating Supply to Users Ahead of Launch" width="1812" height="1140" srcset="https://defi-planet.com/wp-content/uploads/2024/06/Screenshot-2024-06-11-at-17.46.19.jpg 1812w, https://defi-planet.com/wp-content/uploads/2024/06/Screenshot-2024-06-11-at-17.46.19-300x189.jpg 300w, https://defi-planet.com/wp-content/uploads/2024/06/Screenshot-2024-06-11-at-17.46.19-1024x644.jpg 1024w, https://defi-planet.com/wp-content/uploads/2024/06/Screenshot-2024-06-11-at-17.46.19-768x483.jpg 768w, https://defi-planet.com/wp-content/uploads/2024/06/Screenshot-2024-06-11-at-17.46.19-1536x966.jpg 1536w, https://defi-planet.com/wp-content/uploads/2024/06/Screenshot-2024-06-11-at-17.46.19-1320x830.jpg 1320w, https://defi-planet.com/wp-content/uploads/2024/06/Screenshot-2024-06-11-at-17.46.19-600x377.jpg 600w, https://defi-planet.com/wp-content/uploads/2024/06/Screenshot-2024-06-11-at-17.46.19-750x472.jpg 750w, https://defi-planet.com/wp-content/uploads/2024/06/Screenshot-2024-06-11-at-17.46.19-1140x717.jpg 1140w" sizes="(max-width: 1812px) 100vw, 1812px">
 <figcaption id="caption-attachment-15013" class="wp-caption-text">
 Source: <a style="color: #0000ff;" href="https://blog.zknation.io/zk-token/">ZkSync Blog</a>
 </figcaption>
</figure> 
ZK Token Distribution Plan Source:<a style="color: #0000ff;" href="https://blog.zknation.io/zk-token/"> ZkSync Blog</a> 
Notably, this ZK coin airdrop represents the largest token distribution among notable Layer 2 networks, with approximately 3.7 billion coins allocated to community users. Other significant Ethereum-based Layer 2 upcoming airdrops include the Paradigm-backed Blast Network, which accumulated $1 billion in deposits from users. Blast Network<a style="color: #0000ff;" href="https://docs.blast.io/airdrop/users"> allocated</a> 50% of its airdrop based on Blast Points and the other 50% based on Blast Gold. 
Currently, the<a style="color: #0000ff;" href="https://app.aevo.xyz/perpetual/zk"> pre-market pricing for the ZK coin on the Aevo exchange is set at $0.37</a>, resulting in a fully diluted market value (FDV) for the airdrop of $1.36 million. 
The ZKSync team has also noted that following the launch of the ZKSync chain, several other mainnets, including Lens Network, GRVT, and Cronos zkEVM, will be launched.&nbsp; 
&nbsp; 
If you want to read more news articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402">Facebook</a>, <a style="color: #0000ff;" href="https://www.instagram.com/defi.planet/">Instagram</a>, and <a style="color: #0000ff;" href="https://coinmarketcap.com/community/profile/DeFiPlanet/">CoinMarketCap Community</a>. 
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.” 
The post <a href="https://defi-planet.com/2024/06/zksync-to-airdrop-17-5-of-zk-coins-circulating-supply-to-users-ahead-of-launch/">ZKSync to Airdrop 17.5% of ZK Coin’s Circulating Supply to Users Ahead of Launch</a> appeared first on <a href="https://defi-planet.com">DeFi Planet</a>.

ZKSync to Airdrop 17.5% of ZK Coin’s Circulating Supply to Users Ahead of Launch

DeFi Planet

Other articles published on Jun 11, 2024

Bitcoin Whale Makes Significant Transactions After 5.5 Years

BNB Price Retraces: Altcoin Giant Trims Recent Gains, Can It Recover?

Crypto.com gains approval from Ireland’s central bank

Is Now The Time To Buy Bitcoin? Latest Chart Analysis Says Yes – Here’s Why

Ethereum Faces Accumulation as Netflow Turns Negative: What’s Next for ETH Price?

Crypto: Prolonged Wait for Ethereum ETFs as SEC Delays Response

Join our free newsletter for daily crypto updates!