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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Investigation Reveals Hacker Controls Millions in Altcoins

Investigation reveals that a hacker controls significant holdings in various altcoins, posing a risk of market impact.

user avatarFilippo Romano

ZeroBeta and Lynq Integrate Tokenized Treasury Holdings for Enhanced Institutional Finance

ZeroBeta and Lynq have announced a new integration that connects tokenized Treasury holdings to institutional borrowing and trading, allowing eligible assets to be pledged as collateral while accruing interest.

user avatarEmily Carter

Spiko Announces $238 Billion in Tokenized Investment Fund

Spiko has reported a remarkable $238 billion in its Amundi Overnight Swap Fund (SAFO), emphasizing the rising significance of tokenized investment products in business cash management.

user avatarTomas Novak

Kraken Launches New Funding Route for USDG on Arbitrum One

Kraken has launched a new funding route for Global Dollar (USDG) on Arbitrum One, enhancing the ease of transactions between the exchange and blockchain wallets.

user avatarKaterina Papadopoulou

SAT Japan Introduces Stablecoin Payment Option for Vehicle Exports

SAT Japan has launched a stablecoin payment route through TripleA, enabling cross-border car purchases using USDT and USDC.

user avatarMaya Lundqvist

Ripple and Water.org Enhance Partnership for Efficient Water Financing

Ripple and Water.org are expanding their partnership to leverage payment and stablecoin infrastructure aimed at improving water and sanitation financing.

user avatarLeo van der Veen

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.