• 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

Surge in Stablecoin Activity Highlights Solana's Role in Digital Finance

chest

The Solana network is gaining attention due to a significant increase in stablecoin activity, showcasing its role as a hub for on-chain liquidity and digital finance transactions.

user avatarMohamed Farouk

Joe Weisenthal Analyzes Crypto's Struggles Amid Market Boom

chest

Bloomberg's Joe Weisenthal analyzes the challenges facing the crypto market, arguing it is in the coldest crypto winter ever, while other sectors thrive.

user avatarElias Mukuru

Solana Experiences Unprecedented Eight Consecutive Red Monthly Candles

chest

Solana has printed eight consecutive red monthly candles, indicating a prolonged slump and a potential for a sharp rebound after the ninth red candle.

user avatarDiego Alvarez

Ethereum Breaks Above Key Moving Averages, Signaling Potential Shift in Momentum

chest

Ethereum has broken above its 4-hour 200 MA and 200 EMA for the first time since April, indicating a possible shift back to bullish momentum.

user avatarKenji Takahashi

XRP Ledger Sees Unprecedented Growth in Tokenized Assets

chest

The XRP Ledger has seen significant growth in tokenized assets, increasing from 900 million to nearly 4 billion in just five months, with a 1379% rise in the last 30 days.

user avatarMaria Fernandez

Mastercard Expands Global Settlement Infrastructure to Support Crypto Transactions

chest

Mastercard announced a significant expansion of its global settlement infrastructure to enable on-chain settlement using regulated stablecoins, allowing card transactions to settle 24/7.

user avatarGustavo Mendoza

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.