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ZK Nation Responds to Community Doubts on ZKsync Airdrop, Highlights Eligibility Criteria

On June 13, ZK Nation, the community supporting ZKsync, addressed the community’s inquiries and issues regarding the upcoming ZKsync airdrop comprehensively. They clarified the eligibility requirements and rationale behind distributing the airdrop, emphasizing fairness and recognizing long-standing commitment within the community.

ZKsync Airdrop Eligibility Criteria

The ZKsync community provided further details following the initial announcement of an upcoming airdrop scheduled for June 14. This airdrop involves distributing 3.675 billion ZK tokens to 695,232 wallets, which accounts for 17.5% of the total token supply of 21 billion.

The distribution for the June 14 event is divided into two primary categories: users and contributors. Users are allocated 89% of the airdrop, requiring them to bridge crypto-assets to the ZKsync Era and fulfill at least one of seven specified eligibility criteria, as outlined in the released document.

Despite fulfilling all criteria, users with smaller average holdings may not have qualified due to the complex formula that considers both the amount transferred to ZKsync Era and the duration those assets remained in wallets.

This approach, perceived by users as favoring larger holders, contributed to a loss of trust in the airdrop process overall. Consequently, the project’s Total Value Locked (TVL) decreased significantly, dropping from nearly $200 million to $128 million.

ZK Nation clarified, “The formula takes into account the amount sent to ZKsync Era and the duration of asset retention in wallets.”

Contributors, constituting 11% of the airdrop, encompass developers, researchers, communities, and companies actively contributing to the ZKsync protocol and ecosystem, regardless of their network activity.

This category did not require ZKsync Era activity but instead focused on individuals and groups who pioneered early projects on ZKsync, contributed to GitHub repositories, conducted security research, moderated Discord communities, or participated in groups such as Degen and Bonsai.

The allocation for users aimed to reward a diverse range of ZKsync Era participants by recognizing those who bridged assets and offering a multiplier bonus for organic engagement.

ZK Nation emphasized the intention to reward committed community members, stating, “Real users are more inclined to take risks when they feel part of a community. They explore new protocols, try out new features, and hold speculative assets.”

ZKsync Airdrop Allocation Factors Detailed

The ZKsync community has provided a detailed explanation of the factors influencing the upcoming ZKsync airdrop allocations. According to their announcement, allocations are determined based on several criteria, including the number of conditions met, the amount of assets bridged and held on ZKsync Era, and a bonus multiplier applied for specific behaviors and participant groups.

ZK Nation clarified that transaction volume alone did not dictate the allocation size. To qualify for the airdrop, the value of assets held had to exceed ZK 450, with value scaling being crucial in rewarding users who maintained assets on ZKsync Era over time.

Allocation adjustments were made based on the amount of assets transferred and the duration they were held. For instance, an address holding $100 since the mainnet launch received a more favorable weighting than one depositing $100 shortly before the snapshot.

Additionally, while ZKsync Lite users could earn up to two eligibility points, they still needed to bridge assets to ZKsync Era to meet the qualifications.

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