ZKsync’s ZK Airdrop Date, Eligibility and Expectation

Airdrop is the easiest way to make profits in the crypto market without a big investment. Usually, these airdrops are free from any charges or challenges, offering high-profit potential to promote themselves. Some of these crypto airdrops have made millions for people who knew to take advantage of the past airdrop liquidity issues. One such promising ZK airdrop is scheduled for this June.

In this blog, let us discuss everything related to the ZK Airdrop and its eligibility criteria.

What is ZkSync’s ZK Airdrop?

ZKsync is a ZK rollup where the validators authenticate the transaction without disclosing or revealing any details related to the transaction. It is a layer-2 solution that offers cheaper and faster transactions than the Ethereum network with the security of Ethereum.

After a long wait, the ZKsync has finally confirmed the ZK airdrop through a blog post revealing the distribution of 3.675 Billion ZK token airdrop in the upcoming few days. What is interesting about ZKsync is that the network has planned to offer 67% of the total ZK token supply to the community, out of which 17.5% will be distributed through this ZK airdrop.

The entire crypto community has eyed this airdrop for years now. However, the allocation of this airdrop is limited to a few users only, as 695,232 wallets will be eligible for these 3.675 Billion tokens. The Aevo, which is a crypto perpetual exchange, has valued 1ZK token price to $0.66K, making this airdrop worth $2.4 Billion.

All details about the $ZK token distribution 👇

Eligible addresses: 690,715

0-1k: 90937 users
1k-5k: 477996 users
5k-10k: 63582 users
10k-20k: 26871 users
20k-50k: 18517 users
50k-100k: 12657 users
> 100k: 155 users

The highest token amount in the dataset is… pic.twitter.com/V7qw9o9MS1

— eekeyguy.eth (@eekeyguy_eth) June 11, 2024

ZK Airdrop Date &Eligibility

For now, ZKsync has revealed a list of eligibility criteria for the ZK airdrop. The actual airdrop will be distributed on June 17, 2024. The CEO of Matter Labs, Alex Gluchowski, the creator of ZKsync, has spoken over this airdrop, addressing that some people will be disappointed.

We have put a lot of thought into the design of the airdrop. No matter what you do, some people are going to be disappointed, but we have looked into others

89% of this ZK airdrop is allocated to the ZKsync holders who have transactioned the ZK token. Additionally, the interaction with the network is another important factor. The remaining 11% is for the other contributors of the native tokens, which are further subdivided. 5.8% of this 11% is allocated to the zkSync native projects, 2.8% for on-chain communities, and the remaining 2.4% for builders.

The users can check their eligibility by visiting ZKsync.io. The allocation will begin in the next few days till Jan 3, 2025. Moreover, the users can claim this ZK airdrop without any transaction fees as it is liquid under all conditions.

The eligibility of the airdrop is under seven factors, each carrying 1 point. This categorization is for addresses that have transactions on the ZKsync Era or Lite chains before March 24, 2024. Later, these points will be multiplied by the assets the holders had on ZKsync Era with the time interval. Other factors will also come into consideration, including the Ethereum airdrop receivers, usage of Smart Contracts, and others.

The addresses that have tokens lesser than the 450 ZK tokens will get their token recycled into the pool. In the case of users who have more than 100,000 tokens, only the extra tokens will get recycled. It is concluded that each wallet will receive a minimum of 917 ZK tokens and a maximum of 100,000.

Continue Reading FED Meeting June 2024: Why The Interest Rate Cuts Might Not Happen At All?