zkFair airdrop is almost here

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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

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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

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The project has Bitget Wallet and many other projects as partners

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Airdrop

75% (7.5B) tokens will be distributed to Gas Fee Airdrop event worth $3M

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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


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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

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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

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• 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

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* 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


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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

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