Here we are: after long months of waiting, finally the Ethereum layer-2 solution ZKsync launches the checker for the airdrop of the ZK token, allowing all the farmers to check their eligibility.
This is one of the largest airdrops in history, which could potentially surpass even the success recorded in March 2023 by Arbitrum.
In total, approximately 700,000 addresses were found to be eligible, equal to 17.5% of the total supply of ZK, for a total distributed value that is expected to be over a billion dollars.
And you, are you eligible for this airdrop?
Summary
ZKsync unveils the details for the airdrop of the ZK token: live checker and claim set for June 17
In March of last year, ZKsync officially launched the alpha mainnet, inaugurating a rollup chain that would establish itself as one of the best in circulation.
Today, after 1 year and 3 months, the details of the airdrop of the crypto ZK are finally revealed, along with the checker, with the cryptographic coin that will play the role of governance token of the ZK Nation ecosystem.
We at The Cryptonomist team had already talked well in advance about how to qualify for the zkSync distribution, highlighting every step to follow.
If you have followed the guide, you can now celebrate a rich reward!
This is the link to check your eligibility: https://claim.zknation.io/
In total, the rewarded wallet amount to 695,232, with an allocation of 3.68 million ZK tokens equal to 17.5% of the supply.
The snapshot was taken on March 24, 2024, at 00:00 UTC, during the one-year anniversary of the mainnet launch. The claim will officially open on June 17, 2024, at 07:00 UTC (9:00 am Italian time).
The criteria of eligibility have been listed in the official ZKsync post where it emerged that to be included in the list of lucky users it is essential to have used the ZKsync Era network or the ZKsync Lite test network.
To each address has been allocated a quantity of ZK tokens that varies based on a “base score” and some “multipliers”.
First of all, to be eligible the minimum requirement is to have registered at least 1 point in the basic criteria listed in the following image, which take into account the on-chain activity performed and its duration.
The multipliers are based, instead, on activities that mark a particularly high contribution to the ZKsync ecosystem. These are:
- Hold native ZKsync NFTs;
- Hold native ZKsync ERC20 tokens;
- Having tried the account abstraction of ZKsync having used a smart contract wallet;
- Other airdrops have been received from the same address;
- It has operated on popular smart contracts within the Ethereum Mainnet.
The addresses had to meet a minimum requirement of 450 ZK to be eligible for the airdrop, otherwise they would be completely excluded.
The max allocation per wallet seems to amount to 100K ZK, even though some users have reported screenshots showing allocations of 160k ZK.
Very interesting the post by the user “eekeyguy” that highlights the distribution of the tokens, differentiating the classes of eligible addresses.
Given the quantity of tokens allocated to early users and various protocols within the ecosystem, the ZKsync airdrop could surpass the milestones achieved by Arbitrum when it launched its own ARB coin in March 2023, and establish itself as the largest token launch in the history of cryptocurrencies.
We can only congratulate the ZKsync team. Chapeau.
Price prediction of the crypto ZK at listing on the markets
At this moment the price of the crypto ZK amounts to 0.34 dollars according to the pre-market estimates of the Whales.Market platform, down by 62.8% compared to yesterday’s quotations.
The drop in valuation is mainly due to the fact that no one expected such a large portion of tokens for the airdrop to users, with 17.5% of the supply intended to reward the early adopters of the ZK Nation ecosystem.
The total supply is fixed at 21 billion ZK, confirming the indiscrezioni published a few days ago by the online newspaper The Block.
At these prices, the FDV of the ZKsync coin amounts to 7.14 billion dollars.
Given and considering that the competitor Starknet has launched its own token STRK with an FDV of 20 billion dollars, we might expect a positive price action of ZK a few weeks after the listing.
The evolution of prices at the time of listing remains critical, and will likely see an initial drop due to the high allocation to the community.
Usually, in fact, when a large quantity of coins is airdropped, most of them are liquidated on the market instantly once the resource becomes tradable.
In any case, the project has all the cards on the table to bring its ZK token to an overall valuation higher than the current estimated 7.14 billion dollars.
It is therefore not excluded that ZK could reach a price of 1 dollar per token.
Several users are complaining because results are blocked as sybil and not eligible for the zkSync airdrop
Many users were dissatisfied with the announcement of the checker for the airdrop of the zkSync (ZK) token, having been identified as sybil and therefore not eligible.
In fact, the airdrop has cut the legs of more than 6 million addresses, with several entities that did not meet the minimum eligibility requirements and others that, despite having carried out adequate on-chain activities, were included in the list of sybil users.
Despite this, it does not seem that particularly sophisticated anti-sybil systems have been put in place, such as those launched for example by LayerZero with the bounty campaign.
As this user reports on X, a cluster of wallets that deposited identical amounts of ETH within zkSync Era on the same day was not flagged and received 15,000 tokens per wallet, collecting a total of 2,000,000 ZK.
In particular, the largest protest is represented by all those individuals who did not reach the minimum allocation of 450 ZK and were therefore excluded from the airdrop.
Many farmers have submitted an informal proposal to the project team, to include all non-rewarded addresses for this reason, ensuring a minimum allocation.
zkSync could listen to the community, as done for example a few months ago by EigenLayer which increased the minimum allocation to all addresses by 100 EIGEN.
In any case, it is not certain that this will happen, as the distribution of zkSync seems to be effectively fair, and it has rewarded honest users who did not take advantage of farming tools and who created real on-chain metrics.
Punctually at every airdrop, which is not eligible, they shout scam, cry, and complain publicly to the representatives of the project.
We will see if the zkSync team will take action or leave the allocation unchanged.
