Compiled by Karen, Foresight News
The highly anticipated ZKsync airdrop distribution plan has finally been settled. The ZKsync Association will be airdropping a one-time total of 3.6 billion ZK tokens to early users and adopters of ZKsync next week, with 695,232 eligible wallets. The snapshot was taken on March 24th, and community members can check their eligibility on the Claim.zknation.io website and claim the airdrop starting from next week until January 3, 2025.
This airdrop represents 17.5% of the total supply of ZK tokens. Users will be able to claim their tokens starting next week until January 3, 2025. Contributors can start claiming from June 24th. Who is eligible for the ZKsync airdrop?
Two types of ZKsync users are eligible for a total of 17.5% of the airdrop:
1. Users (89%): ZKsync users who have transacted on ZKsync and reached the activity threshold.
2. Contributors (11%): Individuals, developers, researchers, community members, and companies who have contributed to the ZKsync ecosystem and protocol through development, promotion, or education (unrelated to activity on ZKsync).
The eligibility and distribution of the airdrop are based on the ZKsync Era and ZKsync Lite activity snapshots taken on March 24, 2024, at UTC 00:00, to commemorate the first anniversary of the ZKsync Era mainnet launch. How is the ZKsync airdrop distributed?
Eligibility: ZKsync examined each address that has transacted on ZKsync Era and ZKsync Lite based on eligibility criteria to identify genuine users who have actively explored ZKsync. Each address must have at least one point to be eligible for the airdrop.
Distribution: After determining the eligibility of wallets, the airdrop distribution is calculated based on the cross-chain encrypted assets transferred to ZKsync Era. The formula adjusts the distribution of addresses based on the assets in the wallet (both on-chain and in DeFi) on ZKsync Era and the duration of these assets’ presence in the ZKsync era. The more points obtained, the larger the final distribution amount, with a maximum airdrop limit of 100,000 ZK tokens per address.
Multiplier: Each address can earn a multiplier based on activities indicating genuine human behavior or contributions to ZKsync. These multipliers apply to eligibility and distribution for ZKsync Era and Lite. Such activities include owning ZKsync native NFTs, supporting the ZKsync ecosystem by holding ZKsync native ERC20 tokens, experimenting with ZKsync Era’s native account abstractions using smart contract wallets, receiving and holding airdrops from other ETH communities, trading with mainstream ETH mainnet smart contracts to explore new use cases and DApps.
Addresses meeting the criteria of “eligibility,” “distribution,” and “maturity” are granted token distributions. Each address must meet the minimum requirement of 450 ZK, with a maximum airdrop limit of 100,000 ZK tokens. Tokens for addresses with less than 450 ZK will be recycled back into the pool.
Witch Detection: The airdrop aims to reward “genuine users,” with the vast majority of witch addresses already eliminated through eligibility and distribution criteria. Each wallet undergoes additional witch detection steps. ZKsync stated that there are over 6 million unique addresses on ZKsync Era, and the ZK airdrop focuses on using a human-centric approach to identify genuine users. The on-chain history of wallets reveals information about the habits of their owners. Genuine users are often willing to take risks, especially those who feel they are part of the community. They spend time on-chain, ape in, trade, try new protocols, and hold speculative assets. Assets connected to genuine users will ultimately flow into DApps and DeFi protocols, becoming the lifeblood of a highly liquid ecosystem. Users should be rewarded proportionally based on their impact on the success of ZKsync.
In the contributor airdrop, over half (5.8%) of the distribution includes the treasury of ZKsync native projects based on ZKsync Era, including DeFi protocols, ZK chains, NFT collections, decentralized markets, infrastructure, games, etc. The remaining contributor airdrop is allocated to contributors, companies, and individuals who laid the foundation for ZKysnc:
1. Contributors from the Ethereum development organization, including client execution, consensus clients, developer tools, RPC, and other projects that have had a positive impact on ZKsync.
2. Contributors of Github repositories with advanced blockchain technology who have directly or indirectly contributed to the success of ZKsync, including significant work related to blockchain, zero-knowledge proofs, developer tools, and developer education.
3. Educators who provide training for developers and security researchers and have contributed to the ZKsync community center on GitHub.
4. Contributors to Github repositories dedicated to zero-knowledge proofs, Ethereum development tools, and open-source software.
5. Security researchers who participated in audit competitions hosted by Cantina, Code4rena, and CodeHawks, ZKsync community mods, ZK Credo translators, ZK Quest participants, and event attendees.
Additionally, 0.4875% of the total supply is allocated to a small group of experimental on-chain communities to explore new methods of organizing with tokens and NFTs. These communities include recipients of $DEGEN and $BONSAI airdrops, Crypto the Game players, and holders of Pudgy and Milady.
The ZKsync snapshot was taken on March 24th, and community members can check their eligibility on the Claim.zknation.io website and claim the airdrop starting from next week until January 3, 2025. Eligible GitHub developers and ZKsync GitHub Discussion Helpers must link their addresses to their accounts by June 25th. External projects, Protocol Guild, and ZKsync native project contributors will be able to start claiming from June 24, 2024. How are ZKsync tokens distributed?
The total supply of ZK tokens is 21 billion tokens, with community distribution accounting for 66.7%, ecosystem incentives for 19.9% (distributed by the ZKsync Foundation), investor allocation for 17.2%, team allocation for 16.1%, and Token Assembly allocation for 29.3%. Tokens allocated to investors and the team will be locked in the first year and then unlocked over a three-year period from June 2025 to June 2028.
ZKsync stated that two-thirds (about 67%) of ZK tokens will be allocated to the community. Of this, 17.5% of the total supply will be distributed through a one-time airdrop, while the remaining community tokens will be distributed over time through ecosystem plans managed by the ZKsync Foundation and ZK Nation governance processes to support the growing ecosystem.
