Translation by Karen, Foresight News
The highly anticipated ZKsync airdrop distribution plan has been finalized. The ZKsync Association will airdrop 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 for the airdrop on the Claim.zknation.io website and claim the airdrop starting from next week until January 3, 2025.
This airdrop accounts for 17.5% of the total supply of ZK tokens. Users will be able to claim their tokens starting next week until January 3, 2025, with contributors able to claim from June 24th.
Who is eligible for the ZKsync airdrop? There are two categories of ZKsync users eligible for a total of 17.5% of the airdrop:
1. Users (89%): ZKsync users who have traded on ZKsync and reached the activity threshold.
2. Contributors (11%): Individuals, developers, researchers, communities, and companies who have contributed to the ZKsync ecosystem and protocol through development, promotion, or education (unrelated to activities 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 time 00:00, commemorating the one-year anniversary of the ZKsync Era mainnet launch.
How is the ZKsync airdrop distributed? Eligibility: ZKsync checked every address that has traded on ZKsync Era and ZKsync Lite against eligibility criteria to identify genuine users who have spent time exploring 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 encrypted assets bridged to ZKsync Era. The formula adjusts the distribution of addresses based on the assets in ZKsync Era (both in wallets and in DeFi) and the presence of these assets in the ZKsync era. The more points earned, 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 that indicate genuine human behavior or contributions to ZKsync. These multipliers apply to eligibility and distribution for ZKsync Era and Lite usage.
Addresses meeting the criteria for “eligibility,” “distribution,” and “maturity” are granted token distribution. Each address must meet a 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 “real users.” The majority of witch addresses have been eliminated through eligibility and distribution criteria. Each wallet undergoes additional witch detection steps. ZKsync states that there are over 6 million unique addresses on ZKsync Era, with the ZK airdrop focused on identifying genuine users in a human-centric manner. The on-chain history of wallets reveals a lot of information about their owners’ habits. Genuine individuals are often willing to take risks, especially those who feel part of the community. They spend time on-chain, ape in, trade, try new protocols, and hold speculative assets. The assets connected to genuine users eventually flow into DApps and DeFi protocols, becoming the lifeblood of a highly liquid ecosystem. Users will be rewarded in proportion to 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 distribution is allocated to contributors, companies, and individuals who have laid the foundation for ZKysnc:
1. Contributors to the Ethereum development organization, including client execution, consensus clients, developer tools, RPC, and other projects that have a positive impact on ZKsync.
2. Contributors to GitHub repositories with advanced blockchain technology who have directly or indirectly contributed to the success of ZKsync, including important work related to blockchain, zero-knowledge proofs, developer tools, and developer education.
3. Educators providing training for developers and security researchers and contributing 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 participating in audit competitions hosted by Cantina, Code 4 rena, and CodeHawks.
6. ZKsync community mods, ZK Credo translators, ZK Quest participants, and on-site event attendees.
Additionally, 0.4875% of the total supply is allocated to a small group of experimental on-chain communities for exploring new ways of organizing using 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 for the airdrop 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 claim from June 24, 2024.
How are ZKsync tokens distributed? The total supply of ZK tokens is 21 billion, with the community distribution accounting for 66.7%, ecosystem incentives 19.9% (distributed by the ZKsync Foundation), investor allocation 17.2%, team allocation 16.1%, and Token Assembly allocation 29.3%. Tokens allocated to investors and the team will be locked for the first year and then unlocked over a 3-year period from June 2025 to June 2028.
ZKsync states 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, with the remaining community tokens distributed over time through ecosystem plans managed by the ZKsync Foundation and ZK Nation governance processes to support the growing ecosystem.