Breaking Airdrop News – Are You Ready for the ZK Airdrop? Here’s What You Need to Know

Breaking Airdrop News – Things You Should Know About the Upcoming ZK Airdrop

Breaking Airdrop News – The principal development company of the layer-2 network ZKsync Era, Matter Labs, has formally revealed the requirements for its eagerly anticipated ZK token airdrop. 17.5% of ZK’s 21 billion token supply will be airdropped to customers starting “next week,” according to the plan unveiled today.

Similar to other layer-2 networks, ZKsync Era markets itself as an inexpensive and efficient means of sending Ethereum transactions. With just less than 3.7 billion tokens flowing to consumers, Matter Labs claims that the ZK airdrop would be the “largest distribution of tokens to users amongst major L2s.” As per the distribution plan, ZKsync users—defined as everyone who has transacted on ZKsync and fulfilled a specified activity criteria—will receive 89% of the airdrop (a precise threshold was not supplied). The remaining 11% will be distributed to ecosystem participants, including builders (2.4%), on-chain communities (2.8%), and zkSync native projects (5.8%).

Matter Labs Faces Heavy Criticism Over Name Choice

The announcement of the airdrop coincides with the ongoing criticism that Matter Labs is seeing from its layer-2 competitors on its choice to trademark the term “ZK,” which stands for “zero-knowledge” cryptography and is the fundamental technology that underpins both ZKsync and numerous other blockchain initiatives. Matter Labs dropped its trademark application, which it initially said it pursued to protect its consumers against projects with identical names and token tickers, in response to criticism from the cryptocurrency community.

We have put a lot of thought into the design of the airdrop. No matter what you do, some people are going to be disappointed

Alex Gluchowski, the CEO of Matter Labs

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