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Airdrop

ZKsync Token Airdrop To Launch Next Week: Fully Liquid On Day One!

June 11, 2024 - Around 3 mins mins to read

Key Points:

  • ZKsync Association will airdrop 3.675 billion ZK tokens to early adopters.
  • Additional 49.1% of tokens will be distributed through ecosystem initiatives.
ZKsync token Airdrop will distribute 3.675 billion tokens to early adopters from next week, fully liquid on day one. Claiming period open for users to apply for tokens running until January 2025.
ZKsync Token Airdrop To Launch Next Week: Fully Liquid On Day One!
ZKsync Token Airdrop To Launch Next Week: Fully Liquid On Day One!

The ZKsync Association reportedly plans to airdrop 3.675 billion ZK tokens to early adopters of ZKsync, an Ethereum Layer 2 network. These equal 17.5% of the total 21 billion ZK tokens.

People will be able to claim their tokens beginning next week, with the claiming period open for users to apply for tokens running until January 2025, while contributors can apply for their tokens this Thursday.

Ecosystem Initiatives and Investor Allocations

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

The ZKsync Association continued by stating that community members would hold the majority of the tokens, implying the power and ability to direct protocol governance upgrades.

The association used a snapshot of 695,232 wallets on March 24, 2024, or the total activity on ZKsync Era and ZKsync Lite in its calculations. The 17.5% ZK airdrop will be allocated in a roughly 89:11 proportion between users and contributors.

Readmore: zkSync v24 Mainnet Upgrade Now Completed, Preparing for Expected Token Airdrop

ZKsync Token Airdrop: A Major Shift for Early Adopters

ZKsync will slowly release the remainder of the community allocation to new users over an undefined period through ecosystem initiatives and the ZK Nation governance system.

Experimental communities, particularly wallets receiving the Degen and Bonsai airdrops, are set to receive nearly one-half percent of the supply.

The remaining supply goes to investors and the Matter Labs team, with the ZK tokens sold to those parties set to be locked in the first year, and unlocked between 2025 and 2028.

ZKsync Airdrop Prioritizes Real Community Members

ZKsync Token Airdrop To Launch Next Week: Fully Liquid On Day One!

According to The Block, the airdrop will not have any vesting or lockup and the tokens in question will be “fully liquid on day one.”

Additionally, Founder and CEO of Matter Labs Alex Gluchowski expressed optimism that the majority of those receiving the rewards will participate in governance and emerge as active community members.

He also noted that the ZKsync airdrop really puts “real people first,” cutting out bots and rewarding real activity by people in the community.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
Airdrop, News

ZKsync Token Airdrop To Launch Next Week: Fully Liquid On Day One!

Key Points:

  • ZKsync Association will airdrop 3.675 billion ZK tokens to early adopters.
  • Additional 49.1% of tokens will be distributed through ecosystem initiatives.
ZKsync token Airdrop will distribute 3.675 billion tokens to early adopters from next week, fully liquid on day one. Claiming period open for users to apply for tokens running until January 2025.
ZKsync Token Airdrop To Launch Next Week: Fully Liquid On Day One!
ZKsync Token Airdrop To Launch Next Week: Fully Liquid On Day One!

The ZKsync Association reportedly plans to airdrop 3.675 billion ZK tokens to early adopters of ZKsync, an Ethereum Layer 2 network. These equal 17.5% of the total 21 billion ZK tokens.

People will be able to claim their tokens beginning next week, with the claiming period open for users to apply for tokens running until January 2025, while contributors can apply for their tokens this Thursday.

Ecosystem Initiatives and Investor Allocations

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

The ZKsync Association continued by stating that community members would hold the majority of the tokens, implying the power and ability to direct protocol governance upgrades.

The association used a snapshot of 695,232 wallets on March 24, 2024, or the total activity on ZKsync Era and ZKsync Lite in its calculations. The 17.5% ZK airdrop will be allocated in a roughly 89:11 proportion between users and contributors.

Readmore: zkSync v24 Mainnet Upgrade Now Completed, Preparing for Expected Token Airdrop

ZKsync Token Airdrop: A Major Shift for Early Adopters

ZKsync will slowly release the remainder of the community allocation to new users over an undefined period through ecosystem initiatives and the ZK Nation governance system.

Experimental communities, particularly wallets receiving the Degen and Bonsai airdrops, are set to receive nearly one-half percent of the supply.

The remaining supply goes to investors and the Matter Labs team, with the ZK tokens sold to those parties set to be locked in the first year, and unlocked between 2025 and 2028.

ZKsync Airdrop Prioritizes Real Community Members

ZKsync Token Airdrop To Launch Next Week: Fully Liquid On Day One!

According to The Block, the airdrop will not have any vesting or lockup and the tokens in question will be “fully liquid on day one.”

Additionally, Founder and CEO of Matter Labs Alex Gluchowski expressed optimism that the majority of those receiving the rewards will participate in governance and emerge as active community members.

He also noted that the ZKsync airdrop really puts “real people first,” cutting out bots and rewarding real activity by people in the community.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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