• 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

a year 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

SafeMoon CEO Convicted, Raising Concerns Over DeFi Accountability

chest

Braden John Karony, CEO of SafeMoon, was convicted on fraud and money laundering charges, prompting increased scrutiny of token promoters in the U.S.

Nguyen Van Long

Analysts Boost Price Targets for Alphabet GOOGL Stock

chest

Following recent gains, analysts have raised their price targets for GOOGL stock, reflecting optimism about its future.

Wei Zhang

Lyft and Waymo to Launch Autonomous Ridehailing Service in Nashville

chest

Lyft and Waymo announced a partnership to launch an autonomous ridehailing service in Nashville, leading to a 13% increase in Lyft's stock.

Satoshi Nakamura

Alphabet GOOGL Stock Surges Following DOJ Case Win

chest

Alphabet's stock has seen significant gains after a favorable legal outcome and strong AI prospects.

Jesper Sørensen

Backed Finance Launches xStocks in Switzerland

chest

Backed Finance has registered in Switzerland to issue xStocks, digital representations of stocks like Tesla and Nvidia, attracting 30,300 unique holders.

Rajesh Kumar

Trump's Potential Meeting with Xi Jinping Gains Traction

chest

Traders on Kalshi are optimistic about a potential meeting between Trump and Xi Jinping this year, pricing in a 73% chance of occurrence.

Lucas Weissmann

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.