695,232 eligible wallets to receive tokens on June 17, 2023, marking a milestone in Ethereum Layer-2 engagement.
zkSync, an Ethereum Layer-2 network, has announced a significant airdrop event scheduled for June 17. This event will see the distribution of 3.6 billion ZK tokens, which is 17.5% of the total supply, to 695,232 eligible wallets. This marks a major milestone in zkSync’s growth and engagement within the Ethereum Layer-2 space, and the largest distribution of tokens to L2 users ever.
Token Distribution
The airdrop will allocate tokens ranging from 900 to 100,000 per user, depending on their level of engagement. This approach aims to reward users proportionally based on their contributions and activity within the zkSync ecosystem.
Approximately 695,230 wallets are eligible for this distribution, which represents a significant portion of the community. The tokens from this airdrop are fully liquid from day one, with no vesting or lockup periods, providing immediate utility and value to the recipients.
- Total Supply: 21 billion ZK tokens
- Community Development Allocation: 66.6%
- Airdrop: 17.5% to over 690,000 wallets, with a cap of 100,000 tokens per address
- Investor and Team Allocation: 17.2% and 16.1%, respectively, with a lock-up period
The airdrop is sybil attack-resistant.
(Bitpinas)
Market Impact
On the OTC market, the ZK token is priced at $0.90, which adds a substantial monetary value to the airdrop event. The total supply of ZK tokens is 21 billion, with this airdrop representing a significant portion of that supply.
The airdrop is part of zkSync’s broader strategy to allocate two-thirds of the total supply to the community, with the remaining tokens distributed over time through various ecosystem initiatives and Token Assembly.
Conclusion
This airdrop event by zkSync is a significant step in rewarding its community and fostering further engagement within the Ethereum Layer-2 space. By distributing a substantial portion of its tokens to active users, zkSync aims to strengthen its ecosystem and encourage continued participation and growth.
