zkSync plans to launch the Token this week and will hold an Airdrop around June 13.
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zkSync launches Token
According to information Chia from The Block, Ethereum's Layer 2 network, zkSync, has plans to host a TGE event. Some information compiled by BeInCrypto shows that zkSync's Token will have a total supply of 21 billion. The zkSync token launch, including the Airdrop, will take place within the next 30 days after TGE. If this plan is followed, the zkSync Airdrop will take place around June 13, before Blast 's Airdrop on June 26.
A Matter Labs spokesperson Chia that zkSync is currently in the process of decentralization, so at this time, no definitive plans are clear. The zkSync Token will likely have the symbol ZK. However, this is still not completely certain. The project said the reason is because Polyhedra Network chose the ZK symbol for their Token .
Last week, zkSync hinted at a Token launch and Airdrop at the end of June. The project said it will soon roll out an upgrade to speed up the decentralization of its protocol.
What is zkSync?
zkSync is one of the popular Ethereum Layer 2 networks that uses zk rollup technology for scaling, making it faster and cheaper to use the chain . Behind zkSync is Matter Labs. This project is backed by prominent investors, including Andreessen Horowitz (a16z), Dragonfly Capital, Blockchain Capital, Crypto.com Capital, Placeholder Capital and 1kx. The project has raised a total of $258 million in venture Capital and has also raised an ecosystem fund worth $200 million.
