In preparation for the launch of its native governance token, ZK coin, Ethereum Layer 2 project ZKSync has announced an airdrop of 17.5% of the token’s total circulating supply, amounting to 21 billion tokens.
The distribution will commence next week.
According to the announcement, the airdrop will be based on specific criteria. Eligible participants include those who have interacted with at least ten smart contracts on the ZKSync platform, provided liquidity to any DeFi protocol, or traded ten ERC-20 tokens. Once users claim their airdrop tokens, they will immediately be able to participate in the protocol’s governance.
The ZK coin distribution plan aims to prioritize the community and stakeholders. A substantial 66.7% of the total token supply is earmarked for the community. Of this, 29.3% will be distributed during the token assembly phase, 19.9% will be allocated to ecosystem initiatives, and the remainder will be reserved for the airdrop event. The remaining 33.3% will be divided between the project team (16.1%) and investors (17.2%).
ZK Token Distribution Plan Source: ZkSync Blog
Notably, this ZK coin airdrop represents the largest token distribution among notable Layer 2 networks, with approximately 3.7 billion coins allocated to community users. Other significant Ethereum-based Layer 2 upcoming airdrops include the Paradigm-backed Blast Network, which accumulated $1 billion in deposits from users. Blast Network allocated 50% of its airdrop based on Blast Points and the other 50% based on Blast Gold.
Currently, the pre-market pricing for the ZK coin on the Aevo exchange is set at $0.37, resulting in a fully diluted market value (FDV) for the airdrop of $1.36 million.
The ZKSync team has also noted that following the launch of the ZKSync chain, several other mainnets, including Lens Network, GRVT, and Cronos zkEVM, will be launched.
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