Matter Labs Unveils ZKsync Era Airdrop: 3.7 Billion Tokens Up for Grabs
TL;DR
- Matter Labs is set to distribute 17.5% of its $ZK token supply, amounting to nearly 3.7 billion tokens, primarily benefiting $ZKsync users.
- The airdrop will prioritize community members with a cap of 100,000 tokens per address to ensure fair distribution.
Matter Labs, the firm behind the layer-2 network $ZKsync Era, has announced the criteria for its highly anticipated $ZK token airdrop. Starting next week, 17.5% of the total supply of 21 billion tokens will be distributed, with 89% allocated to $ZKsync users and 11% to ecosystem contributors. The airdrop is expected to have a fully diluted value exceeding $2.5 billion, significantly higher than $ZKsync Era's current total value locked (TVL) of $815 million.
To promote fairness, individual allocations are capped at 100,000 tokens, preventing larger investors from monopolizing the airdrop. Matter Labs plans to reward community members who have engaged with the platform, while employees will receive 16.1% of the tokens and investors 17.2%, with a one-year lock-up period. The remaining tokens will support the new "Token Assembly" for governance and various ecosystem initiatives.
The airdrop follows similar events in the crypto space, with Matter Labs emphasizing its commitment to community engagement amid criticism over its trademark application for the term âZK.â CEO Alex Gluchowski acknowledged some disappointment but reaffirmed the focus on community benefits in the distribution plan.
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