Exciting News for Early Users of Ethereum’s Layer 2 Network! A Massive Airdrop of 3.6 Billion Tokens is on the Horizon!
Get ready for a game-changing event in the crypto world as ZKsync Association gears up to distribute a staggering 3.675 billion ZK tokens to the pioneers and supporters of the Ethereum Layer 2 network next week.
ZKsync Association is set to make waves by airdropping 3.6 billion tokens to the early users and participants of the Ethereum Layer 2 network. This generous gesture represents 17.5% of the total supply of 21 billion ZK tokens. The tokens will be up for grabs starting next week, with a deadline to claim by January 3, 2025. Interested participants can start submitting their requests from June 24 onwards.
The distribution plan includes earmarking 49.1% of the total token supply for various ecosystem initiatives, with 17.2% allocated to investors and 16.1% to the Matter Labs team.
In a bold move, the ZKsync Association expressed that offering more tokens in the airdrop than to investors and the Matter Labs team is more than symbolic – it’s a strategic decision to empower the community. The launch of the ZKsync governance system in the near future will give the community a significant supply of liquid tokens to steer protocol governance upgrades.
Eligibility for the airdrop is based on a snapshot taken on March 24, 2024, with 695,232 wallets listed. The airdrop is divided into two categories: Users (89%) and contributors (11%). Users are individuals who meet specific activity criteria on ZKsync, while contributors encompass developers, researchers, and community members actively supporting the ecosystem.
The ZKsync Foundation will manage the remaining community allocation, distributing it gradually through ecosystem initiatives and the ZK Nation governance process. Additionally, experimental communities engaged in activities on decentralized social networks and NFT projects will receive a small percentage of the supply.
To ensure a fair distribution, token vesting and locking mechanisms will be implemented. Tokens allocated to investors and the Matter Labs team will be locked for the first year, with gradual unlocking over the following three years, from June 2025 to June 2028.
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