PancakeSwap Showers Users with 2.4 Million ZK Token Airdrop

To increase zkSync PancakeSwap engagement and thank its community, it will airdrop 2.4 million ZK tokens.

A significant community reward program, PancakeSwap, a multichain decentralized exchange (DEX), has been launched. It will begin on July 5 at 10:30 am UTC and run until August 5 at 10:30 am.

In appreciation of the community’s continuous support for the zkSync PancakeSwap implementation since July 2023, the platform will airdrop 2,452,128 zkSync (ZK) tokens.

The project was launched following PancakeSwap’s achievement of over 1.9 million traders, $5 million in total value locked (TVL), and $3 billion in trading volume.

“The airdrop distribution is currently open to veCAKE Holders, Liquidity Providers, Active Traders, Traverse Campaign Participants, zkSync Prediction Users, and zkSync Gauge Voters who meet the eligibility requirements.”

ZK airdrop qualifying requirements

The design of the zkSync airdrop rewards vote-escrowed Cake (veCAKE) holders in addition to past and future contributions.

The airdrop will be available to active users who have contributed to the platform through trading, providing liquidity, and participating in earlier zkSync projects.

Future donors that supply liquidity and trade using zkSync PancakeSwap will also receive an airdrop to support the platform’s expansion.

Regarding the airdrop of 2.4 million ZK, the PancakeSwap team stated:

“The zkSync airdrop is structured to reward both longstanding contributors who have supported our journey and newcomers who engage actively with PancakeSwap.”

Eligibility chart indicating User Category and the calculations for the airdrop distribution.

How to make a claim

At publishing, veCAKE holders and previous contributor user categories are eligible for the airdrop distribution.

Eligible users must connect their wallet to the PancakeSwap platform webpage and adhere to the pop-up notification instructions to claim the ZK tokens.

Tokens that remain unclaimed will be transferred to the PancakeSwap ecosystem to support community projects and further development.

ZkSync creator facing criticism

The company that created zkSync, Matter Labs, recently denied claims that their Libertas Omnibus non-fungible tokens (NFTs) resulted from “insider minting.”

The claims that Matter Labs gave the NFTs to ineligible insiders were first raised on June 17 by the blockchain research firm SoEasy.

A Matter Labs official responded by elaborating that “there were no invalid mints” and that the NFTs were obtained by event participants or through engagement in a lawful manner.

Ruth Okarter

Ruth is a seasoned news reporter and editor who brings her sharp eye and passion for storytelling to Protechbro.com. With a background in English and literary studies, Ruth crafts compelling narratives that unpack the complexities of the ever-evolving tech landscape.