Exciting News for Early Users of the Ethereum Layer 2 Network! A Massive Airdrop of 3.6 Billion Tokens is on the Horizon!
In a groundbreaking move, ZKsync Association will be distributing a whopping 3.675 billion ZK tokens to the pioneers and supporters of the Ethereum Layer 2 network in the upcoming week.
ZKsync Association is set to make waves in the crypto community with the distribution of 3.675 billion ZK tokens to early users and adopters of the Ethereum Layer 2 network.
This generous airdrop constitutes 17.5% of the total supply of 21 billion ZK tokens, with participants able to claim their tokens starting next week and a deadline set for January 3, 2025. Requests for claiming can begin as early as June 24.
The distribution plan includes 49.1% of the total token supply being allocated through various ecosystem initiatives, while 17.2% will go to investors and 16.1% to the Matter Labs team.
The ZKsync Association emphasized the significance of providing more tokens in the airdrop than those allocated to the Matter Labs team and investors, stating that it is more than just a symbolic gesture for the community.
As the ZKsync governance system prepares to launch in the near future, the community will have a substantial supply of liquid tokens to drive protocol governance upgrades.
Eligibility for the airdrop is based on a snapshot taken on March 24, 2024, with a total of 695,232 wallets listed for participation. The airdrop is segmented into two categories: Users (89%) and contributors (11%), encompassing individuals who meet specific activity thresholds on ZKsync and those who actively support the ecosystem, such as developers, researchers, and community members.
Remaining community allocations will be overseen by the ZKsync Foundation and distributed gradually over time through ecosystem initiatives and the ZK Nation governance process. Certain experimental communities, including wallets engaged in activities within decentralized social networks and NFT projects, will receive a small percentage of the supply.
To ensure a fair distribution, ZK tokens allocated to investors and the Matter Labs team will be locked for the first year and gradually unlocked over the subsequent three years, from June 2025 to June 2028.
This information is provided for informational purposes only and should not be considered investment advice.
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