Late yesterday (11th), ZK Nation, a zkSync community organization known as the "Four Kings of Layer 2" along with Optimism, Arbitrum and Starknet, issued a document on the X platform, officially announcing the token economics and The long-awaited $ZK airdrop rules, distribution and website query.
Witch Hunter: ZK airdrop exposes a large number of rat warehouse addresses
However, according to earlier feedback from Witch Hunter Artemis on social platform
This witch is swimming in a sea of money! He once received $4.2 million worth of tokens in the Arbitrum airdrop, and now he’s coming to get your money again!
According to Artemis, thousands of wallets received more than 2 million ZK tokens by depositing the same ETH on the same day. On average, each wallet received 15,000 ZK tokens, and more importantly, Almost all addresses are also marked on the witch list reported by the cross-chain platform LayerZero:
All wallets were created within the 5 days of December 1, 2022, to December 6, 2022, and all wallets have very specific deposit times and amounts up to a certain decimal precision.
Decimal precision is the most obvious failure mask, and this is set in the script.
It makes people question whether the official control over witches is not strict and unfair.
ZK airdrop query
Currently, users can go to claim.zknation.io to check whether their address is eligible, and they can apply for tokens from next week until January 3, 2025.
ZK price plummets to $0.34 OTC
As the ZK token airdrop inquiry was opened, the price of ZK on the over-the-counter platform AEVO also nearly halved from the level of 0.6 US dollars in a short period of time. It was reported at 0.3499 US dollars at the time of writing, a drop of more than 45% in the past 24 hours.
ZK Airdrop Allocation, Qualification Criteria
According to the ZK Nation blog article , the ZK airdrop allocation accounts for 17.5% of the total supply, and a total of 695,232 wallet addresses are eligible. There are two ways to qualify for the airdrop:
- Users (89%): ZKsync users who transact on ZKsync and reach the activity threshold.
- Contributors (11%): Individuals, developers, researchers, communities, and companies who contribute to the ZKsync ecosystem and protocol through development, advocacy, or education, regardless of their activities on ZKsync.
In addition, zkSync will check the transactions that the address has conducted in zkSync Era and zkSync Lite according to the eligibility criteria. Each address must have at least one point to be eligible for the airdrop. Each criterion has 1 point. The qualification criteria are as follows:
- zkSync Era has interacted with more than 10 smart contracts
- Providing liquidity in DeFi protocols
- Use paymaster at least 5 times
- zkSync Era has traded 10 different ERC20 tokens
- Own the Libertas Omnibus NFT
- Donate to Gitcoin at zkSync Lite
- There has been interaction for at least 3 months before zkSync Era was launched.
After the wallet qualification is determined, the value distribution of the address will be calculated based on the number of points and the multiplier to calculate the final amount of ZK. The upper limit for a single address is 100,000 ZK.
As for the qualification and allocation of the airdrop, it is based on the ZKsync Era and ZKsync Lite activity snapshot taken at 0:00 UTC on March 24, 2024, commemorating the first anniversary of the launch of the ZKsync Era mainnet.
However, in response to such a distribution rule, community member @sanyi_eth_ pointed out that this rule seems to be designed for rat warehouses:
Just because you meet the qualifications does not necessarily mean that you are qualified for air investment. Because you still need to see how much and how long you have deposited on the ZK network to judge your basic allocation.
Just because you have a basic allocation doesn’t mean you get more. You also need to see if your multiplier is satisfied. Only when it is satisfied can you get more.
It feels like this rule is just for the rat barn...
$ZK Token Economics
On the other hand, the article also releases $ZK token economics, the specific distribution is as follows:
- Total token supply : 21 billion ZK
- Token Assembly : 6.153 billion ZK, accounting for 29.3% of the total supply
- Ecosystem rewards : 4.179 billion ZK, accounting for 19.9% of the total supply
- Airdrop : 3.675 billion ZK, accounting for 17.5% of the total supply
- Early investors : 3.612 billion ZK, accounting for 17.2% of the total supply
- Team : 3.381 billion ZK, accounting for 16.1% of the total supply
