News
ZKsync will distribute billions of tokens via airdrop
ZKsync, an Ethereum Layer 2 scaling solution, will distribute 3.675 billion ZK tokens to 695,232 eligible wallets next week.
This launch aims to improve participation and governance of the network. ZK tokens will facilitate network fee payments and allow voting on protocol updates.
Representing 17.5% of the total 21 billion ZK tokens, the distribution rewards early adopters and contributors.
The claim period extends until January 3, 2025, with a limit of 100,000 tokens per address to prevent domination by large stakeholders.
ZKsync said in a blog Tuesday: “ZKsync is designing the future of verifiable, permissionless blockchains.”
A larger share of the tokens will be allocated to the community than to the team at Matter Labs – the creators of ZKsync – and investors.
The tokens are expected to be liquid from day one and are part of a broader strategy to distribute 49.1% of supply through ecosystem initiatives and governance processes.
The remaining offering will be allocated to investors and the Matter Labs team on a four-year vesting schedule.
Airdrop eligibility was determined by a snapshot of activity on ZKsync Era and ZKsync Lite taken on March 24, 2024, with points awarded for various interactions on the network.
The airdrop includes provisions for GitHub developers and discussion helpers, as well as members of the experimental communities on the chain.
To prevent Sybil attacks, which occur when an attacker creates multiple accounts to gain control over a network, Matter Labs has implemented measures to ensure tokens reach authentic, active users, with a wallet suitability check now active.