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zkSync Token Airdrop to Hit 695K Wallets Soon

Key Takeaways

  • zkSync will airdrop nearly 3.68 billion ZK tokens to 695,232 eligible wallets next week, representing 17.5% of the total token supply;
  • Eligibility for the airdrop depends on interactions with zkSync Era and Lite networks before the snapshot date;
  • The remaining tokens will go to a "token assembly," ecosystem initiatives, investors, and developers.
zkSync Token Airdrop to Hit 695K Wallets Soon

zkSync, the Ethereum zero-knowledge (ZK) Layer-2 scaling solution, has announced the upcoming distribution of its newly launched token, zkSync (ZK).

According to a June 11 ZKNation blog post, nearly 3.68 billion tokens will be airdropped to 695,232 eligible wallets next week, representing 17.5% of the total 21 billion token supply.

Eligibility for the airdrop is based on interactions with zkSync's Era or Lite networks before the snapshot date on March 24. The seven criteria, designed to prevent Sybil attacks, include interacting with ten smart contracts, trading ten ERC-20 tokens, or depositing liquidity into decentralized finance (DeFi) protocols. Each eligible wallet will receive up to 100,000 tokens.

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Of the total airdrop, 89% will go directly to the network's users, with the rest supporting native projects, on-chain communities, and builders within the zkSync ecosystem.

Additionally, less than 0.5% of the total supply is allocated for special drops to players of "Crypto: The Game," as well as holders of Pudgy Penguins and Milady Maker non-fungible tokens (NFTs) and previous DEGEN and BONSAI airdrop recipients.

The remaining tokens are reserved for a "token assembly" (29.3%), ecosystem initiatives (19.9%), investors (17.2%), and the development team at Matter Labs (16.1%). The blog post stated:

Awarding more tokens in the airdrop than to the Matter Labs team and investors is more than a symbolic decision for the community.

The airdrop will start next week and continue until January 3, 2025. Token holders can participate in the protocol's governance immediately upon receipt of their tokens.

This approach strengthens community involvement and trust in the project's long-term vision.

However, Matter Labs, the developer of zkSync, recently faced backlash for attempting to trademark the term "zero-knowledge" (ZK) in nine countries, which they subsequently abandoned.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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