ZK Nation, the community behind ZKsync, responded to community questions and concerns regarding the upcoming ZKsync airdrop on June 13. They clarified the eligibility criteria and explained the reasoning behind the airdrop distribution to promote fairness and reward long-term commitment within the community. The initial announcement revealed that 3.675 billion ZK tokens would be distributed to 695,232 wallets, constituting 17.5% of the token’s total supply of 21 billion.
The airdrop was divided into two main categories: users and contributors, with users making up 89% of the airdrop. Participants were required to bridge crypto-assets to the ZKsync Era and meet at least one of the seven eligibility criteria. Users with smaller average holdings might not have qualified due to the complex formula that considered the amount sent to ZKsync Era and the duration the assets stayed in the wallet. This led to a loss of confidence in the airdrop and a decrease in the project’s Total Value Locked from nearly $200 million to $128 million.
Contributors comprised 11% of the airdrop and included developers, researchers, communities, and companies contributing to the ZKsync protocol and ecosystem. This group did not require ZKsync Era activity and focused on individuals and groups who had contributed to the protocol in various ways. The user-based allocation aimed to reward a diverse group of ZKsync Era users by identifying those who bridged assets and providing a multiplier bonus for organic behaviors, ensuring that committed community members were rewarded.
The ZKsync community provided detailed information on the factors influencing the upcoming ZKsync airdrop allocations. Allocations were based on multiple criteria, including the number of conditions met, the amount bridged and held on ZKsync Era, and a bonus multiplier for specific behaviors and groups. Transaction volume alone did not impact the allocation size, and to qualify for the airdrop, users had to exceed ZK 450. Value scaling played a significant role in rewarding users who maintained assets over time in the ZKsync Era.
Allocations were adjusted based on the amounts sent and the duration of the holding, giving more weight to addresses that held assets since the mainnet launch. Even ZKsync Lite users could earn up to two eligibility points but still needed to bridge assets to ZKsync Era to qualify for the airdrop. The goal of these allocation factors was to incentivize active participation and long-term commitment within the ZKsync community by rewarding those who contributed to the ecosystem and supported the project’s growth.
In conclusion, ZK Nation’s response to the community’s questions and concerns regarding the upcoming ZKsync airdrop highlighted the importance of fairness and rewarding long-term commitment within the community. By providing detailed explanations of the eligibility criteria and allocation factors, the ZKsync community aimed to address issues that had led to a loss of confidence in the airdrop and a decrease in Total Value Locked. The transparency and clarity in their communication demonstrate a commitment to fostering a strong and engaged community around the ZKsync protocol.
