ZKSync airdrops 17.5% of ZK Token supply 🎉

ZKSync Engages Community Through Airdrop Distribution

ZKSync has taken a significant step by distributing 17.5% of its ZK token supply through an airdrop, aiming to involve its community in the protocol’s future development effectively. This move underscores the importance of community participation in the evolution of ZKSync, an Ethereum layer-2 scaling solution that enhances scalability and reduces transaction costs using zero-knowledge (ZK) proofs.

Users Express Concern Over Airdrop Eligibility

The ZK token enables network fee payments and community voting on protocol upgrades.
Token holders can engage directly with the ZKsync governance system, facilitating protocol enhancements.

The distribution of airdropped tokens to 695,232 wallets, equaling 17.5% of the total supply, is a significant move by ZKSync to empower its user base. Notably:

“Airdropped tokens do not have any vesting or lock-up periods and are fully liquid on day one, exceeding allocations for the Matter Labs team and investors,” noted ZKSync’s Community Blog.

Emphasis on Real Community Engagement

ZKSync’s distribution strategy prioritizes rewarding active users who have interacted with the platform.
Unlike traditional airdrops, ZKSync focuses on engaging users who have participated in transactions and used decentralized applications (dApps) and DeFi protocols on the platform.

Despite the positive intent behind the airdrop, some users have expressed dissatisfaction over their eligibility:

“How am I not eligible? I’ve been using one wallet, checked out various protocols. Disappointing,” commented a ZKSync community member.

Addressing Distribution Inequities

ZKSync has implemented an allocation cap of 100,000 tokens per address to prevent dominance by large stakeholders.
This cap ensures a fair distribution, benefiting a wider cross-section of the community and fostering growth.

The eligibility for the airdrop is categorized into two segments:

89% of tokens are reserved for users meeting specific activity thresholds on ZKSync.
11% is allocated to contributors supporting the ecosystem through development, advocacy, or education.

Community members can verify their eligibility now, with the claim period starting next week and ending on January 3, 2025. Special considerations are in place for GitHub developers and discussion helpers associated with ZKSync.