Popular multi-chain DEX, PancakeSwap, announced a major community rewards program from July 5th to August 5th. Under this initiative, PancakeSwap will distribute over 2.45 million zkSync (ZK) tokens to community members for their support of the zkSync PancakeSwap distribution. The airdrop in question aims to reward not only long-term contributors but also newcomers who are actively engaged with PancakeSwap.

According to the official blog post, veCAKE owners and past contributors can participate in the airdrop. Eligible users need to link their wallets to the PancakeSwap platform homepage and follow the pop-up notification guide to claim ZK tokens.

Meanwhile, any unclaimed tokens will be reallocated to the PancakeSwap ecosystem for any future development and community projects.

The exchange team said they have made significant progress since going live on the Ethereum layer-2 network zkSync Era for the first time last summer. During this period, DEX implemented critical features such as seamless Swaps, Yield Farming, Prediction Markets, Fiat On-Ramp, Position Manager and Syrup Pools.

These efforts have helped it surpass $3 billion in trading volume, millions in total value locked (TVL), and over 1.9 million total traders.

"At PancakeSwap, we are committed to fostering a thriving community and rewarding our users for their dedication to our platform. The ZK token airdrop shows our appreciation for the support and participation of our community members. We are actively involved in the opportunity to benefit from this airdrop and continue to shape the future of DeFi with PancakeSwap We look forward to your participation."