As a seasoned crypto investor with an extensive background in decentralized finance and blockchain technology, I am thrilled about the monumental ZKsync Association’s upcoming token airdrop. This initiative, led by Matter Labs’ founder and CEO Alex Gluchowski, represents a significant turning point for decentralized finance, promising far-reaching impact and innovation.
As a crypto investor excited about the latest developments in the blockchain world, I’m thrilled to share some groundbreaking news from the ZKsync Association. They’ve announced an unprecedented event: a grand-scale token airdrop that will significantly alter the game for approximately 700,000 eligible wallets. spearheading this transformative initiative is Matter Labs’ inspiring founder and CEO, Alex Gluchowski, who remains steadfastly dedicated to putting power in the hands of everyday people. This game-changing move is set to kick off next week, marking a crucial turning point in decentralized finance. Expect widespread influence and innovation as we embark on this new chapter.
Unveiling ZK Token Distribution Mechanics
The ZKsync Association is prepared to dispense a substantial 17.5% of the entire ZK token supply, which amounts to approximately 3.675 billion tokens, as rewards to the initial users of the Ethereum Layer 2 network, ZKsync. This significant airdrop event allows participants to collect their tokens between next week and January 3, 2025.
Starting from June 24, participants can claim their allocated shares. Our distribution plan prioritizes community projects, demonstrating our dedication to decentralized management and expansion.
This allocation method is notable for granting a larger portion through the airdrop to the community, exceeding portions given to Matter Labs team and investors. This demonstrates the organization’s commitment to fostering community control in governance, allowing stakeholders significant influence over the protocol’s development.
Among the 695,232 identified wallets, eligibility and distribution for the airdrop were carefully calculated using data from March 24, 2024. This important step marks a major achievement in the ZKsync Era. The allocation of 17.5% ZK tokens is split between two groups: users (accounting for 89%) and contributors (representing 11%).
Individuals who carried out transactions on ZKsync above a certain threshold are categorized as users. On the other hand, contributors encompass a wide range of individuals such as developers, researchers, and advocates for the community. Moreover, a portion of the supply is designated to experimental communities, encouraging creativity and discovery within the ecosystem.
Engaging the Community through a Points-Based System
In the ZKsync community, a points system is employed for the airdrop program. By executing specific tasks such as engaging with ten different smart contracts on ZKsync Era, providing liquidity to DeFi platforms, and trading over ten distinct ERC-20 tokens, wallets accrue points. This multifaceted setup encourages active involvement and interaction within the ZKsync ecosystem, granting rewards for valuable contributions and engagement.
Based on the points system, wallets are assigned allocations proportionate to the bridged assets they have transferred to ZKSync Era. These allocations can be influenced by network and Ethereum mainnet activity, which may apply multipliers. To maintain fairness, any excess tokens are redistributed into the pool, ensuring that each wallet receives a minimum allocation of up to 917 ZK.
Significantly, airdropped cryptocurrencies offer instant tradability with no vesting or lock-up conditions, giving recipients full control over their resources. Although there might be apprehensions about increased selling pressure, Gluchowski underscores the importance of community involvement in decision-making processes to steer the protocol’s development.
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2024-06-11 12:52