The fraudulent hashtag ZKsync is causing a storm in the community

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The crypto community is buzzing after Matter Labs' announcement of the first ZKsync Airdrop , scheduled for June 17. This Airdrop will allocate 17.5% of ZKsync (ZK) native Token . However, the exclusion of key members and the distribution strategy have attracted major opposition.

Airdrop ZKsync caused outrage in the community

Community members are unhappy with the way the ZKsync Airdrop was distributed and the eligibility criteria. This controversy has led many to advise other network users to withdraw their funds and move to other Layer 2 solutions such as Arbitrum . Critics say the cryptocurrency Airdrop process lacks transparency and fairness, especially after cryptocurrency exchange Bybit announced it would list the ZKsync (ZK) Token .

Also Read: Bybit lists zkSync, "stole" Polyhedra Network's ZK ticker?

Why are many crypto influencers accusing ZKsync of being a scam? Is it because the Airdrop did not meet the community's initial expectations?

Star Xu, CEO of OKX, expressed .

This sentiment was widely reflected on social media platforms, giving rise to the hashtag #ZKsyncScam.

You are no longer the best layer 2 network. You are known as the biggest scammer. Not only will we not trade with your network for life, but we will do everything to ruin you.

Sarkesh, a famous critic, declared .

Such strong reactions highlight deep frustration within the community. Meanwhile, WindCrypto, co-founder of Crypto House, pointed out the irregularities.

Bybit hot wallet received a significant amount of Airdrop (52,000). 100,000 ZK Token winners with 0 transactions or 1 transaction. Deserving people get less ZK Token than they deserve.

WindCrypto said .

This statement reflects an imbalance in Token distribution. In fact, Meriç, an ambassador at Immutable, accused the ZKsync team of bias, claiming that the Airdrop was given to “internal backers, not the community.” This allegation has sparked outrage, leading many to question the legitimacy of the process.

Airdrop for projects that have not been implemented there or are suspected to be internal projects. If the rules are too arbitrary, it's worse than no Airdrop at all.

Mindao Yang, founder of dForce, added .

His comments reflect widespread concerns about the arbitrariness of distribution criteria. However, ZK Nation has explained the eligibility criteria. This clarifies that to qualify, users need to interact with 10 smart contracts, provide liquidation to DeFi protocols, contribute to a Gitcoin round on ZKsync Lite, trade 10 other ERC-20 Token each other, own Non-Fungible Token Libertas Omnibus and conducted transactions on ZKsync Lite in 3 separate months before the ZKsync Era mainnet launch, among other activities.

The eligibility determination screenshot was taken on March 24, 2024 at 0:00 UTC, marking the one-year anniversary of the ZKsync Era mainnet launch. Despite the clarification, the community remains skeptical and the scam ZKsync hashtag continues to be widely used as the debate continues.

Also Read: LayerZero Airdrop ZRO Token next week and here are 4 main ideas you need to know

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