zkFair airdrop is almost here
🔥
7.5B tokens will be allocated to the participants of the Gas Fee Airdrop event, which starts tomorrow!
Still not ready? Then you definitely need this thread
👇
1
What is ZKFair?
@ZKFCommunity
is the first community ZK-L2 based on Polygon CDK and Celestia DA, powered by Lumoz, a ZK-RaaS provider
The project raised $4M from Web3 com Ventures
2
The project has Bitget Wallet and many other projects as partners
3
Airdrop
75% (7.5B) tokens will be distributed to Gas Fee Airdrop event worth $3M
4
The event was supposed to start today, December 23, but the project team postponed it to December 24 at 11 a.m.
The $USDC gas fee consumed from 11:00 to 13:00 UTC+8 today will be fully refunded to the original addresses
5
The event terms were changed:
• Campaign divided into four 12-hour waves
• Each wave gets 25% of total $ZKF tokens ($1.875B $ZKF per wave)
• Token distribution proportional to gas burned during each wave, with excess gas returned
6
In simple terms:
• You burn as much gas as you want in any wave. E.g., you burn 1k $USDC
• After the end, count the total amount of gas burned. E.g., you burned a total of $5M $USDC
• You are entitled to 1k / 5M = 0.02% of the total pool, i.e. 1.875B * 0.02% = 375,000 $ZKF
8
• You will be refunded the overpaid gas = 1,000 - (750,000 * 0.02%) = $850 $USDC, where
- 1k is your total gas burned within the wave;
- 750k = (3M * 0.25) - Airdrop gas allocated per wave;
- 0.02% is your share of the total gas burned
9
* Whether the refund of overpaid gas will be made immediately after each wave or will be made one-time, after the end of the entire event - is not yet clear
10
How to prepare for the event
• Bridge how much you plan to burn $USDC (gas network token) into the zkFair network
• You can do it via Orbiter, as you can get an O-Point for it
https://orbiter.finance/?source=Ethereum&dest=ZKFair&token=USDC…
• All projects where you can burn gas here
https://zkfair.io/ecosystems
11 : 2nd post