ZKsync’s ZK Airdrop Date, Eligibility and Expectation

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As an experienced crypto analyst, I’ve seen my fair share of airdrops in the market. Some have been successful, while others have failed to deliver on their promises. However, the upcoming ZK airdrop from ZKsync has piqued my interest for several reasons.

As a savvy crypto investor, I’ve discovered that participating in airdrops is an effortless way to generate profits in the cryptocurrency market without requiring substantial upfront investment. Airdrops typically come with no fees or prerequisites, making them an attractive proposition for those seeking high-yield opportunities. In fact, some previous airdrops have even made millions for early adopters who cleverly capitalized on the liquidity issues that accompanied these events. Among the upcoming airdrops, I’m particularly excited about one promising ZK airdrop slated for this coming June.

In this blog, let us discuss everything related to the ZK Airdrop and its eligibility criteria.

What is ZkSync’s ZK Airdrop?

ZKsync represents a type of ZK rollup where validators confirm transactions anonymously, keeping the specifics of each transaction concealed. This is a second-layer Ethereum protocol, delivering more affordable and swift transactions compared to the Ethereum mainnet, while maintaining the same level of security.

Following a prolonged period of anticipation, ZKsync has announced the details of their ZK token airdrop in a blog post. The distribution of the 3.675 Billion ZK tokens is set to occur in the coming days. Noteworthy about this event is that ZKsync intends to allocate 67% of the entire ZK token supply for community distribution, with 17.5% earmarked for this specific airdrop.

For years, the entire cryptocurrency community has kept a close watch on this anticipated airdrop. Yet, only a select number of users, approximately 695,232, are qualified to receive the distribution of the 3.675 Billion tokens. The value of one 1ZK token, as estimated by Aevo – a crypto perpetual exchange, stands at an impressive $0.66K. Consequently, this airdrop holds a total worth of approximately $2.4 Billion.

All details about the $ZK token distribution

Eligible addresses: 690,715

As a crypto investor, I’d put it this way: There are approximately 538,114 users in the community with a portfolio between 0-1k. The next largest group consists of 477,996 users who have investments between 1k-5k. Following that, there are 63,582 users with holdings between 5k-10k. Further up the investment ladder, there are 26,871 users with a portfolio size between 10k-20k. An even smaller group of 18,517 investors have assets worth between 20k-50k. Lastly, an exclusive club of only 155 users boasts a portfolio value exceeding 100k.

The highest token amount in the dataset is…

— eekeyguy.eth (@eekeyguy_eth) June 11, 2024

ZK Airdrop Date &Eligibility

As a crypto investor, I’m excited to share that ZKsync has recently disclosed the qualification standards for their upcoming ZK airdrop. Mark your calendars for June 17, 2024, as this is when the distribution will take place. It’s important to note that Alex Gluchowski, the CEO of Matter Labs and the mastermind behind ZKsync, has acknowledged that not everyone may be satisfied with the outcome.

The airdrop’s design has been meticulously considered by us. It is inevitable that some individuals may feel let down, yet we have explored various options for other participants.

As an analyst, I’d parse it as follows: I analyze that 89% of the ZK airdrop is designated for ZKsync token holders who have transacted with the ZK token. Moreover, interaction with the network is another significant consideration. The remaining 11% is earmarked for contributors of native tokens, which are further categorized. Specifically, 5.8% goes to zkSync native projects, 2.8% to on-chain communities, and the remaining 2.4% to builders.

ZKsync’s ZK Airdrop Date, Eligibility and Expectation

At ZKsync.io, users have the ability to determine their eligibility for the upcoming allocation. The distribution process will commence in the coming days and continue until January 3, 2025. What’s more, this ZK airdrop comes with the added benefit of no transaction fees, ensuring a seamless experience for all eligible users.

The eligibility of the airdrop is under seven factors, each carrying 1 point. This categorization is for addresses that have transactions on the ZKsync Era or Lite chains before March 24, 2024. Later, these points will be multiplied by the assets the holders had on ZKsync Era with the time interval. Other factors will also come into consideration, including the Ethereum airdrop receivers, usage of Smart Contracts, and others.

ZKsync’s ZK Airdrop Date, Eligibility and Expectation

Users with fewer than 450 ZK tokens in their wallets will have their excess tokens merged back into the token pool. For those holding over 100,000 tokens, only the surplus tokens above this threshold will be redistributed. The minimum amount each wallet will receive is set at 917 ZK tokens, while the maximum limit is 100,000 tokens.

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2024-06-12 16:10