ZKsync Announces Historic Airdrop With 3.6 Billion Tokens Distributed

Matter Labs, the creators of ZKsync, announced Tuesday that it will begin a community release for its new ZK tokens next week.

The Ethereum Layer 2 service provider will distribute 3.675 million tokens, representing 17.5% of the total token supply via Airdrops, to around 695,232 eligible wallets.

ZK Airdrop coming next week

At launch, the team announced that ZK will have a total supply of around 21 billion tokens. According to Matter Labs’ statement, the 17.5% airdrop makes this the most extensive token distribution on a Layer 2 network.

In addition, the report states that 89% of airdropped tokens will go to a group classified as users, while 11% will be distributed among contributors. Users are people who reached the transactional activity threshold on the snapshot date, March 24th.

On the other hand, contributors, including developers, researchers, the community, individuals, and companies, were actively involved in making ZKsnyc the huge L2 it is today. While users will be claiming tokens starting next week, contributors will have to wait at least one more and will start claiming from June 24th.

ZKSync has provided a wallet eligibility checker where people can check if they qualify for airdrops. According to the documentation, all airdropped tokens are immediately unlocked and can be transferred immediately without requiring a grace period.

Interestingly, 66% of the total ZK token allocation is distributed to the community, while only 33% is allocated to investors and teams. While discussing their decision to contribute more to the community, the ZKsync Association said:

“Awarding more tokens to the air launch than to the Matter Labs team and investors is more than a symbolic decision for the community… The community will have the largest supply of liquid tokens to drive protocol governance updates” .

Distribution of these team tokens will begin in June 2025 and continue for a four-year acquisition period ending in 2028. The decision to delay team token unlock dates by one year comes months after another competitor, StarkWare, was forced to postpone the team’s unlock date after online criticism.

Real listings for real people

According to ZkSync’s statement, this airdrop focuses on rewarding real people while filtering bots and sybil wallets. The network uses many criteria to detect and reward wallets from real people with real activity on the chain.

When asked if there would be selling pressure due to unlocking a large amount of tokens immediately on air launch, Matter Labs CEO Alex Gluchowski said: “People are free to dispose of their tokens “.

Alex said they want token holders to participate in governance. If you don’t want it, you can sell it.

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