latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Good News for the First Users of the Ethereum Layer 2 Network! Airdrop of 3.6 Billion Tokens is Coming!

ZKsync Association will mark a major event in the crypto community next week by distributing 3.675 billion ZK tokens to early users and adopters of the Ethereum Layer 2 network.
ZKsync Will Airdrop 3.6 Billion Tokens to Early Users and Participants
This airdrop accounts for 17.5% of the total supply of 21 billion ZK tokens. According to ZKsync, the tokens will be available to claim starting next week and the deadline to claim will be January 3, 2025. Participants can start submitting requests starting June 24.
Distribution and Management
49.1% of the total token supply will be distributed through various ecosystem initiatives, while 17.2% will be allocated to investors and 16.1% to the Matter Labs team.
“Giving more tokens in the airdrop than given to the Matter Labs team and investors is more than a symbolic decision for the community,” the ZKsync Association said.
“When the ZKsync governance system launches in the coming weeks, the community will have the largest supply of liquid tokens to drive protocol governance upgrades.”
Related News: Bitcoin Exchange Binance Announced That It Added 3 New Altcoin Trading Pairs to its Copy Trade Platform!
Eligibility and Allocation
ZKsync listed 695,232 wallets for the airdrop based on a snapshot taken on March 24, 2024. Airdrop is divided into two categories:
Users (89%) and contributors (11%). Users are those who meet a certain threshold of activity on ZKsync, while contributors include developers, researchers, and community members who actively support the ecosystem.
Additional Allocations
The remaining community allocation will be managed by the ZKsync Foundation and distributed over time through ecosystem initiatives and the ZK Nation governance process.
Experimental communities, including wallets that engage in certain activities in decentralized social networks and NFT projects, will receive slightly less than half a percent of the supply.
Token Vesting and Locking
ZK tokens allocated to investors and the Matter Labs team will be locked for the first year and then gradually unlocked over the next three years, from June 2025 to June 2028.
*This is not investment advice.
Continue Reading: Good News for the First Users of the Ethereum Layer 2 Network! Airdrop of 3.6 Billion Tokens is Coming! shares this Contents always with License.

Thank you for Share!



Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News