ZKsync to Airdrop 3.675 Billion ZK Tokens
Matter Labs, the firm behind the Ethereum layer-2 network ZKsync Era, has announced the distribution details for its ZK token airdrop. In a blog post released on Tuesday, the company revealed that 17.5% of the total 21 billion ZK token supply will be airdropped to users.
Key points:
- 17.5% of the total ZK token supply (approximately 3.7 billion tokens) will be airdropped to ZKsync users.
- The airdrop is valued at over $2.5 billion based on pre-market prices, nearly triple ZKsync Era’s current total value locked (TVL) of $815 million.
- 89% of the airdrop will go to ZKsync users who have met certain activity thresholds.
- The remaining 11% will be split among ecosystem contributors. This includes zkSync native projects (5.8%), on-chain communities (2.8%), and builders (2.4%).
- Matter Labs employees will receive 16.1% of ZK tokens, while investors will get 17.2%.
Zksync enables measures to prevent sybil attacks
The ZK token airdrop is a major milestone for the project. To ensure a fair distribution and prevent Sybil attacks, Matter Labs has implemented a combination of activity markers and multipliers. This is set in place to calculate individual eligibility.
In addition, the company has set a minimum allocation of 917 ZK tokens and a maximum cap of 100,000 ZK tokens per address.
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Apart from the airdrop, Matter Labs has allocated 29.3% of the token supply to ZKsync’s new “Token Assembly” and 19.9% to various ecosystem initiatives.
The remaining tokens will be distributed to Matter Labs employees (16.1%) and investors (17.2%). These tokens will be subject to a four-year vesting period with a one-year cliff. Also, eligible users will soon have the opportunity to claim their tokens, most probably by next week.
