ZKsync to Airdrop 3.675 Billion Tokens to Early Users and Contributors

ZKsync to Airdrop 3.675 Billion Tokens to Early Users and Contributors

The ZKsync Association has announced a major airdrop of 3.675 billion ZK tokens to early users and contributors of its Ethereum Layer 2 network, ZKsync. This airdrop, set to begin next week, represents a substantial 17.5% of the total ZK token supply of 21 billion tokens.

The ZKsync Association shared that this will be a one-time airdrop, with users able to claim their tokens from next week until January 3, 2025. Contributors, specifically, will be able to start claiming their tokens from June 24. The distribution is part of a broader token allocation strategy, wherein 49.1% of the total supply will be distributed through ecosystem initiatives, 17.2% will be allocated to investors, and 16.1% to the Matter Labs team.

"Awarding more tokens in the airdrop than to the Matter Labs team and investors is more than a symbolic decision for the community," the ZKsync Association stated. "When the ZKsync governance system launches in the coming weeks, the community will have the largest supply of liquid tokens to direct protocol governance upgrades."

The long-anticipated airdrop will involve 695,232 wallets, with eligibility and allocations determined based on a snapshot of activity on ZKsync Era and ZKsync Lite taken on March 24, 2024, exactly one year after the ZKsync Era mainnet launch. The 17.5% ZK airdrop is divided into two segments: 89% for users and 11% for contributors. Users include those who have transacted on ZKsync and met specific activity thresholds, while contributors encompass individuals, developers, researchers, communities, and companies that have supported the ZKsync ecosystem.

Additionally, just under half a percent of the token supply is set aside for what ZKsync calls "experimental communities." These include wallets that received the Degen and Bonsai airdrops due to activity on decentralized social networks Farcaster and Lens, as well as those involved in Crypto the Game—recently acquired by Uniswap Labs—and NFT projects like Pudgy Penguins and Milady Maker.