ZKsync, an Ethereum Layer 2 scaling solution, is set to distribute 3.675 billion ZK tokens to 695,232 eligible wallets next week.
This airdrop aims to enhance network participation and governance. The ZK tokens will facilitate network fee payments and enable voting on protocol upgrades.
Representing 17.5% of the total 21 billion ZK tokens, the distribution rewards early adopters and contributors.
The claim period extends until January 3, 2025, with a cap of 100,000 tokens per address to prevent dominance by large stakeholders.
ZKsync said in a blog Tuesday: “ZKsync is architecting the future of verifiable, permissionless blockchains.”
A larger share of the tokens will be allocated to the community than to the Matter Labs team — the creators of ZKsync — and investors.
The tokens are expected to be liquid from day one and are part of a broader strategy to distribute 49.1% of the supply through ecosystem initiatives and governance processes.
The remaining supply will be allocated to investors and the Matter Labs team under a four-year vesting schedule.
Eligibility for the airdrop was determined by a snapshot of activity on ZKsync Era and ZKsync Lite taken on March 24, 2024, with points awarded for various interactions on the network.
The airdrop includes provisions for GitHub developers and discussion helpers, as well as members of experimental on-chain communities.
To prevent Sybil attacks, which happen when a malicious user creates multiple accounts to gain control over a network, Matter Labs has implemented measures to ensure tokens reach genuine, active users, with a wallet eligibility checker now live.