Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»ZKsync announces $3.67 billion ZK token airdrop to 695,000 wallets next week.
EXCHANGE NEWS

ZKsync announces $3.67 billion ZK token airdrop to 695,000 wallets next week.

By Crypto FlexsJune 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
ZKsync announces .67 billion ZK token airdrop to 695,000 wallets next week.
Share
Facebook Twitter LinkedIn Pinterest Email

ZKsync has announced plans to give generous gifts to its loyal community members. According to presentation As a token of our gratitude, ZKNation will be distributing unlimited airdrops of 17.5% of the total token supply, or 3,675,000,000 tokens, starting June 17th. A significant portion of this will be airdropped at once with no vesting requirements, but the remaining 82.5% of tokens will be distributed gradually through various ecosystem developments.

ZKsync is a layer 2 scaling solution built to improve transaction speeds on Ethereum while reducing congestion by leveraging zero-knowledge proof rollups. This is the first zkEVM chain on the Ethereum blockchain. This leads to an extended answer to decentralized applications (dAPPs) that maintain strong security native to Ethereum.

How do I qualify for the airdrop?

The ZKAS token airdrop will distribute 17.5% of the total token supply through two primary channels. The first channels to receive 89% of this quota are users who have performed transactions on the ZKsync network and met certain activity thresholds. According to the announcement, the remaining 11% will be distributed to contributors “individuals, developers, researchers, communities, and companies who have contributed to the ZKsync ecosystem and protocol through development, advocacy, or training, regardless of their activities at ZKsync.”

It has been carefully implemented to deploy fair use activity thresholds, allocation formulas, multipliers, and Sybil detection to prevent any abuse. Additionally, the ZKsync distribution allocates a maximum of 100,000 coins per wallet to prevent whales from accumulating huge amounts of ZK tokens. Airdrops ensure that tokens are distributed more equitably among community members by limiting the biggest beneficiaries. This is a positive step that encourages participation and makes the ecosystem more active.

According to the details document, Addresses suitable for airdrop are assigned using a weighted value expansion formula that takes into account the ZKsync era of launch in the cryptocurrency wallet. For example, if a user sends 100 USD to an address during mainnet launch, this address is more likely to receive tokens than if a user sends 100 USD to an address a month before launch. Tokens will be moved directly to the ZKsync native project, which includes a treasury and contributors such as DeFi protocols, ZK Chain, NFT collections, marketplaces, infrastructure, games, etc.

How are the remaining tokens allocated?

Of the total 21 million tokens, the remaining supply will be further distributed: 17.2% to investors and 16.1% to the Matter Labs team. Tokens will have a lock-up period of one year and will be unlocked for three years from June 2025 to June 2028. The 17.5% airdrop to a significant number of wallets, 695,232, makes it one of the largest token distributions among recent major rollups.

ZK Token Distribution

The ZKAS token serves an important purpose by allowing holders to guide the evolution of the ZKsync protocol. Owners retain a voice in proposals that influence the future development and oversight of the platform, fostering a governance system in which there is no centralized control and everyone participates. This mechanism solves previous voting issues in decentralized autonomous organizations (DAOs) by not only strengthening the community but also ensuring transparent decision-making.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Pudgy Penguins

August 28, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

‘Normie degens’ go all in on sports fan crypto tokens for the rewards

December 5, 2024

JAM on Polkadot: The Next Step in Blockchain Scalability by Dr. Gavin Wood

May 17, 2024

Are Spot Bitcoin ETF Options Traders Really Expecting a $176K BTC Price?

November 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.