#Write2earn
ZKsync to Airdrop 3.675 Billion Tokens Starting June 24

#ZkSync #Airdrop #Rollup $ZK #ZK

The ZKsync Association will airdrop 3.675 billion ZK tokens, or 17.5% of the total supply, to community members starting June 24, with the distribution ending on January 3, 2025.

These tokens, part of the 21 billion total supply, can be used for governance within the ZKsync protocol, enabling holders to vote on upgrades and pay network fees.

Token Allocation

The 21 billion ZK tokens are allocated as follows:

49.1% to ecosystem initiatives17.2% to investors16.1% to Matter Labs, the developers behind ZKsync

Team tokens will be locked for one year, gradually unlocking from June 2025 to June 2028. The community airdrop ensures the largest supply of liquid tokens for governance decisions.

Airdrop Details

Eligible Wallets: 695,232 based on activities recorded by March 24, 2024Distribution: 89% to users, 11% to contributorsCap: 100,000 tokens per address

ZKsync uses a points system for token distribution, rewarding activities like interacting with smart contracts, providing DeFi liquidity, and trading ERC-20 tokens. Wallets with fewer than 450 ZK tokens will have their allocations recycled to ensure a minimum of 917 ZK per wallet.

Current TVL

ZKsync, the third-largest zero-knowledge proof-based Ethereum Layer 2 solution, has over $750 million in assets. The total value locked (TVL) peaked at $930 million in March but has since decreased.

This significant airdrop aims to strengthen community participation and governance within the ZKsync ecosystem.