ZigZag Founder Proposes Airdropping 300 ZZ To 100,000 Top Trading Users

Key Points:

• Kedar, the founder of ZigZag, said that the first proposal is to give 300 ZZ tokens to each of the top 100,000 traders with the most trades filled.
• Trader airdrop will be in the 30% range for ZZ.
• Kedar also stated that Gitcoin donors would be compensated in a future airdrop.

Decentralized exchange ZigZag has revealed its plans to issue governance tokens and airdrops to early adopters of the platform.

Kedar, the founder of ZK Rollup order book DEX ZigZag, said on Twitter that the first proposal proposes 100,000 “top trading users.”

The judging standard is the top 100,000 users sorted by transaction transactions to get 300 ZZ airdrop rewards. With a total of 500,000 trading users, 30 million ZZ tokens are available for the airdrop. The snapshot time is probably December 31, 2022. The airdrop of trading users will be controlled within 30% of the total amount of ZZ.

By the end of the airdrop period, the number of ZZ tokens held by the community will exceed the amount of ZZ tokens held by investors and the team. Gitcoin donors will be compensated in future airdrops.

ZigZag is known as a DEX with an order book mechanism (with order book and order placement) powered by ZK Rollups technology. ZigZag has already deployed its mainnet on Zksync, a layer-2 solution that speeds up transactions and improves Ethereum‘s expensive transaction fees, and is planning to deploy to StarkNet as well.

Crypto airdrops have long been seen as the big gift the platform gives early adopters of the protocol. However, over time, the number of users coming to the platform just for the sake of an airdrop has increased dramatically, which makes projects more and more strict in the eligibility criteria. There have been many projects that have suffered many losses after the end of the airdrop.

ZigZag also admitted to facing the same problem. So to be fair, they let those in the middle of ZZ decide on this airdrop.

Kedar also stated that Gitcoin donors would be compensated in a future airdrop.

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