• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
The ZKsync team released a clarification on the controversial points of the airdrop

The ZKsync team released a clarification on the controversial points of the airdrop

user avatar

by Eve Adams

2 years ago


The zkSync project team released a FAQ to address community questions regarding the ZK token airdrop. The developers specifically explained why addresses with no transaction history are eligible for participation.

It should be noted that zkSync announced the airdrop on June 11, 2024. The token claim will be open on June 17. However, after the addition of the eligibility check, there was an uproar in the community.

The discontent was caused by the fact that some addresses eligible for the airdrop had no transaction history, meaning they had not interacted with the zkSync project.

Additionally, the community expressed dissatisfaction with the significant disparity in rewards, lack of transparency, and ineffective measures against Sybil attacks.

In ZK Nation, it was stated that a wave of disinformation was launched against the project.

On June 14, the organization published a FAQ addressing community criticism and clarifying several issues.

Key points:

  • 17.5% of the total ZK supply was allocated for the airdrop. 89% will go to users, and 11% to participants, including contractors and developers who contributed to the project.
  • For the second category (participants), activity in zkSync networks was not a mandatory condition for receiving the airdrop. Therefore, addresses with no transaction history meet the distribution criteria.
  • Participant eligibility was determined by several variables: the number of criteria met, the amount of deposited capital (TWAB over 12 months), and a multiplier. The volume of transactions itself did not affect the potential airdrop amount for a specific address.
  • Some users received less due to cost scaling, which depends directly on the volume of assets sent to the zkSync Era network and how long they were held.
  • 2.8% of the airdrop was reserved for the Degen and Bonsai communities, Crypto The Game, Pudgy, and Milady.
  • Addresses with more than 100,000 ZK belong to participants who received rewards both as users and as participants.
  • The developers did not identify any serious issues, which may indicate no plans for reward recalculation.

The team also stated that they are preparing more comprehensive material to answer all community questions with maximum transparency.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Senate Faces Urgent Deadline to Pass CLARITY Act

chest

The US Senate has limited time to pass the CLARITY Act before recess, with significant implications for the crypto industry.

user avatarSatoshi Nakamura

Cardano Price Faces Critical Support Level

chest

Cardano's price is at risk of falling below a critical support level, which could lead to further losses.

user avatarJesper Sørensen

Spot Bitcoin ETFs Face $3 Billion in Outflows Amid Bullish Social Media Sentiment

chest

Spot Bitcoin ETFs have recorded 10 consecutive days of outflows, totaling nearly $3 billion in redemptions since May 15. This trend highlights a significant disconnect between the rising social media sentiment around Bitcoin and the actual investor behavior reflected in ETF data.

user avatarRajesh Kumar

Crypto Market Sentiment Shows Extreme Fear Amid Bullish Social Media Activity

chest

The Crypto Fear and Greed Index shows Extreme Fear at 23, contrasting with bullish social media sentiment.

user avatarLucas Weissmann

Bitcoin Social Media Sentiment Hits Yearly High Amid ETF Outflows

chest

Bitcoin social media sentiment has surged to a yearly high, with 223 positive comments for every negative one, despite ETF outflows.

user avatarFilippo Romano

Solana Market Faces Bearish Sentiment Amid Price Consolidation

chest

Solana market shows bearish sentiment with price consolidation and established support and resistance levels.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.