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A comprehensive analysis of the zkSync airdrop plan: future opportunities and challenges

2024-08-02 20:10:47


zkSync Airdrop Program Overview: In the cryptocurrency community, the zkSync Airdrop Program is undoubtedly one of the most anticipated events in recent times. The zkSync Association announced that it will airdrop 3.6 billion ZK tokens to early users and adopters in one go next week, with 695,232 eligible wallets. The snapshot time is March 24, 2024, and community members can check the airdrop eligibility on the Claim.zknation.io website and claim the airdrop from next week until January 3, 2025. This airdrop accounts for 17.5% of the total supply of ZK tokens.


Who can get the zkSync airdrop?

1. Users (89%): Users who have traded on zkSync and reached the activity threshold are eligible for the airdrop. These users have traded at least once on zkSync Era and zkSync Lite and hold a certain amount of crypto assets during the snapshot time.

2. Contributors (11%): Individuals, developers, researchers, communities, and companies that contribute to the zkSync ecosystem and protocol through development, advocacy, or education are also eligible for airdrops. These contributors include GitHub developers, zkSync GitHub Discussion Helpers, external projects, Protocol Guild, and contributors to the zkSync native project.


Airdrop Allocation Mechanism

Eligibility: zkSync checked every address that has transacted on zkSync Era and zkSync Lite against the eligibility criteria to identify real users who have seriously spent time exploring zkSync. Each address must have at least one credit to be eligible for the airdrop.

Allocation: After determining the eligibility of the wallet, the airdrop allocation is calculated based on the crypto assets that cross-chain to zkSync Era. The formula adjusts the address's allocation based on the assets in the zkSync Era (in the wallet and in DeFi) and the age of these assets in the zkSync era. The more credits you earn, the larger the final allocation, with a single address airdrop capped at 100,000 ZK.

Multipliers: Each address can earn multipliers based on activities that indicate a high probability of real human behavior or contribution to zkSync. These multipliers apply to eligibility and allocation for zkSync Era and Lite use. Including owning zkSync native NFTs, holding zkSync native ERC 20 tokens, using smart contract wallets to experiment with zkSync Era's native account abstraction, etc.

Fairness of the airdrop and witch detection: This airdrop is designed to reward "real users". The vast majority of witch addresses have been eliminated through eligibility and allocation criteria. Each wallet undergoes an additional witch detection step. zkSync said that there are more than 6 million unique addresses on zkSync Era, and the ZK airdrop focuses on using a human-centric approach to identify real users. The on-chain history of a wallet reveals a lot about the habits of its owner, and real people are often willing to take risks, especially those who feel they are part of the community.

Contributor Rewards: More than half (5.8%) of the Contributor Airdrops include treasuries of zkSync native projects based on zkSync Era, including DeFi protocols, ZK chains, NFT collections, decentralized markets, infrastructure, games, etc. The remaining Contributor Airdrops are allocated to contributors, companies, and individuals who laid the foundation for zkSync.


Future Outlook:

zkSync said that two-thirds (about 67%) of ZK tokens will be allocated to the community. Among them, 17.5% of the total supply will be allocated through a one-time airdrop, and the remaining community tokens will be allocated over time through ecosystem programs managed by the zkSync Foundation and ZK Nation governance processes to support the growing ecosystem.


Conclusion: The zkSync airdrop program is not only a reward for early users and contributors, but also a huge driving force for the future development of the zkSync ecosystem. Through a fair and transparent distribution mechanism and strict witch detection, zkSync strives to ensure that every real user can get the rewards they deserve. In the future, we expect zkSync to bring more innovations and opportunities and inject new vitality into the entire blockchain community.

Disclaimer:

1. The information does not constitute investment advice, and investors should make independent decisions and bear the risks themselves

2. The copyright of this article belongs to the original author, and it only represents the author's own views, not the views or positions of HiBT