News

Layer 2 zkSync Token Airdrop May Be Launched Tomorrow

Key Points:

  • zkSync announced a pre-game event starting tomorrow, sparking rumors of a token airdrop.
  • The zkSync token airdrop, expected this month, faces a ticker controversy with Polyhedra Network.
  • zkSync released the v24 upgrade, improving security and functionality for its Ethereum Layer 2 solution.
The Ethereum Layer 2 network, zkSync, has announced the launch of a pre-game event, widely rumored to be related to the anticipated zkSync token airdrop.

The Highly Anticipated zkSync Token Airdrop May Be Coming Soon

The announcement was made on platform X, with zkSync urging users to enable notifications and follow the community account ZK Nation, which is dedicated to the development and protection of the zkSync protocol. The pre-game event is set to start tomorrow, though specific details remain undisclosed, leaving the community eager for further information.

The excitement around the potential zkSync token airdrop has been palpable within the community. The airdrop, expected to be officially announced this month, will introduce a total supply of 21 billion tokens. However, the choice of ticker symbol for the token has stirred some controversy.

Controversy Over zkSync’s Token Ticker Choice

zkSync aims to use the ticker ‘ZK,’ but this has led to issues since the Polyhedra Network has already claimed it. Despite this, zkSync might still proceed with the ZK ticker, noting that Binance has yet to list Polyhedra‘s token.

Prominent figures in the ZK proof ecosystem, including Shafi Goldwasser, Silvio Micali, Sandeep Nailwal, Brendan Farmer, and Eli Ben-Sasson, have collectively criticized zkSync’s attempt to use the ZK ticker. Following extensive discussions, Matter Labs, the company behind zkSync, has decided to withdraw all trademark applications for the term ‘ZK.’

In parallel, zkSync recently completed the v24 upgrade of its zkSync Era software on the mainnet. This latest release introduces several enhancements aimed at boosting security and functionality for the Ethereum Layer 2 scaling solution.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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