BTC

$61476.499

-2.22%

ETH

$3378.421

-0.75%

BNB

$576.783

0.11%

XRP

$0.479

0.40%

News

ZKsync Token Airdrop Will Be Launched on June 17 Despite Facing Bot Challenges

June 14, 2024 - Around 2 mins mins to read

Key Points:

  • The 2024 ZKsync token airdrop faces issues due to bots mimicking real users.
  • 3.675 billion ZK tokens will be distributed starting June 17, with claims open until January 3, 2025.
ZK Nation announced that the 2024 ZKsync token airdrops will encounter significant challenges due to the presence of millions of bots operated by advanced industrial farms.
ZKsync Token Airdrop Will Be Launched on June 17 Despite Facing Bot Challenges

ZKsync Token Airdrop Faces Bot Mimicry Challenges

These bots exhibit behaviour patterns nearly identical to real users, rendering traditional activity-based airdrops ineffective for building sustainable communities.

Despite acknowledging shortcomings in the ZKsync token airdrop design, ZK Nation believes the trade-offs made are reasonable. They emphasize that the airdrop will benefit hundreds of thousands of individuals, offering life-changing opportunities to many.

However, ZK Nation has faced criticism over the allocation of ZKsync tokens. Following several days of data verification, they found no major issues but admitted that their communication regarding the ZKsync token airdrop details was insufficiently clear.

Next week, the ZKsync Association will commence the distribution of 3.675 billion ZK tokens to early users and adopters of the Ethereum Layer 2 network, ZKsync. ZKsync token airdrop, representing 17.5% of the total 21 billion ZK tokens, will start on June 17. Users will be able to claim their tokens until January 3, 2025, with contributors specifically able to claim from June 24.

Backlash Over Trademark and Communication Issues

The remaining community allocation will be distributed over time through ecosystem initiatives managed by the ZKsync Foundation and the ZK Nation governance process to support the growing ecosystem as new users join.

ZKsync Era, like other Layer 2 networks, markets itself as a quick and affordable solution for transactions on Ethereum. The airdrop announcement coincides with the ongoing backlash against Matter Labs, the company behind ZKsync, for attempting to trademark “ZK,” shorthand for zero-knowledge cryptography. Following criticism, Matter Labs withdrew the trademark application, initially intended to protect users from confusion with similarly-named projects and token tickers.

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.

Airdrop

Matter Labs

ZK

Zksync

zkSync Token Airdrop

Avatar of Harold

Author

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.
News

ZKsync Token Airdrop Will Be Launched on June 17 Despite Facing Bot Challenges

Key Points:

  • The 2024 ZKsync token airdrop faces issues due to bots mimicking real users.
  • 3.675 billion ZK tokens will be distributed starting June 17, with claims open until January 3, 2025.
ZK Nation announced that the 2024 ZKsync token airdrops will encounter significant challenges due to the presence of millions of bots operated by advanced industrial farms.
ZKsync Token Airdrop Will Be Launched on June 17 Despite Facing Bot Challenges

ZKsync Token Airdrop Faces Bot Mimicry Challenges

These bots exhibit behaviour patterns nearly identical to real users, rendering traditional activity-based airdrops ineffective for building sustainable communities.

Despite acknowledging shortcomings in the ZKsync token airdrop design, ZK Nation believes the trade-offs made are reasonable. They emphasize that the airdrop will benefit hundreds of thousands of individuals, offering life-changing opportunities to many.

However, ZK Nation has faced criticism over the allocation of ZKsync tokens. Following several days of data verification, they found no major issues but admitted that their communication regarding the ZKsync token airdrop details was insufficiently clear.

Next week, the ZKsync Association will commence the distribution of 3.675 billion ZK tokens to early users and adopters of the Ethereum Layer 2 network, ZKsync. ZKsync token airdrop, representing 17.5% of the total 21 billion ZK tokens, will start on June 17. Users will be able to claim their tokens until January 3, 2025, with contributors specifically able to claim from June 24.

Backlash Over Trademark and Communication Issues

The remaining community allocation will be distributed over time through ecosystem initiatives managed by the ZKsync Foundation and the ZK Nation governance process to support the growing ecosystem as new users join.

ZKsync Era, like other Layer 2 networks, markets itself as a quick and affordable solution for transactions on Ethereum. The airdrop announcement coincides with the ongoing backlash against Matter Labs, the company behind ZKsync, for attempting to trademark “ZK,” shorthand for zero-knowledge cryptography. Following criticism, Matter Labs withdrew the trademark application, initially intended to protect users from confusion with similarly-named projects and token tickers.

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.
Visited 164 times, 1 visit(s) today