Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
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

Etherrium price behavior is weakened-danger of short-term modifications

June 29, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Dogecoin (DOGE) after collision

June 23, 2025
Add A Comment

Comments are closed.

Recent Posts

Circle is looking for a US Trust Bank Charter for USDC Reserve Management.

July 1, 2025

Hyra Network Honored As “Technology Startup Of The Year” At The 2025 Globee® Awards

July 1, 2025

Shheikh.io Launches SHHEIKH Token Presale For Blockchain-Backed Real‑World Asset Investments

June 30, 2025

What should I do with encryption?

June 30, 2025

AAS Miner Will Become The Top Free Cloud Mining Platform For Passive Income From Mining Cryptocurrencies Such As BTC And ETH In 2025

June 30, 2025

Bitcoin is integrated into less than $ 108,000, but the eyes are set for $ 115,000.

June 29, 2025

Etherrium price behavior is weakened-danger of short-term modifications

June 29, 2025

Last Opportunity-The bonus stage of the light chain AI begins after closing all 15 pre-sales stages.

June 29, 2025

Its Important To Know What’s Really Going On?

June 29, 2025

Elon Musk, SpaceX And Crypto Hype: What’s Really Going On?

June 28, 2025

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 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

Circle is looking for a US Trust Bank Charter for USDC Reserve Management.

July 1, 2025

Hyra Network Honored As “Technology Startup Of The Year” At The 2025 Globee® Awards

July 1, 2025

Shheikh.io Launches SHHEIKH Token Presale For Blockchain-Backed Real‑World Asset Investments

June 30, 2025
Most Popular

Crypto Bear says fake rallies and massive corrections are coming for Bitcoin and Ethereum.

January 9, 2024

Chainlink partners with Fidelity and Sygnum to bring NAV data on-chain

July 3, 2024

The most popular cryptocurrencies currently on Solana Chain – Dawkoins, SkyHause, Lyte Finance

April 7, 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.