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Thursday, July 25, 2024
AltcoinszkSync Announces the Second Wave of ZK Airdrop

zkSync Announces the Second Wave of ZK Airdrop

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ZK has made an announcement stating that certain regions will be excluded from participating in its airdrop due to compliance with international sanctions. The blocked areas include Cuba, Iran, North Korea, Russia, Syria, as well as specific parts of Ukraine such as Crimea, Donetsk, and Luhansk. These restrictions are necessary to comply with the regulations set by various organizations including the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC), the United Nations Security Council (UNSC), the European External Action Service (EEAS), and His Majesty’s Treasury (HMT). In addition, residents of the United States will also be prohibited from participating in the airdrop.

The second phase of ZK token claims has begun! If you are a member of the Protocol Guild, a contributor to an external project, or have been nominated by a ZKsync native ecosystem project, you can now check if you are eligible to claim. This wave of claims represents 1.91% of the total airdrop.

The snapshot for the ZK airdrop was taken on March 24, 2024, at 00:00:00 UTC, marked by Era Block Number 29710983 and Lite Block Number 187273. The process of claiming the airdrop for ZKsync users will start in the week of June 17th, 2024, and continue until January 3rd, 2025. A total of 3,675,000,000 tokens will be distributed among 695,232 eligible wallets.

There are two main categories through which wallets can qualify for the 17.5% airdrop: Users and Contributors. Users make up 89% of the airdrop and are individuals who transferred funds onto ZKsync Era and met at least one of the seven eligibility criteria. Contributors constitute 11% and include individuals, developers, researchers, communities, and companies who contributed to the ZKsync ecosystem through development, advocacy, education, or participation.

The usage-based airdrop process begins with checking every address that has transacted on ZKsync Era and ZKsync Lite against the eligibility criteria. These criteria include interactions with smart contracts, paymaster activities, token trading, providing DeFi liquidity, holding Libertas Omnibus NFTs, ZKsync Lite activity, and donations to Gitcoin.

The allocations for eligible addresses are determined using a value-scaling formula. This formula adjusts the allocation of an address based on the amounts sent to ZKsync Era and the duration for which those crypto-assets remained in the wallet. Crypto assets in DeFi protocols are valued at twice their nominal value to highlight their utility. The time-weighted average balance is calculated by summing the daily balances and dividing by the total number of days in the snapshot period, which lasted 366 days.

Addresses may receive additional multipliers based on certain activities that indicate a high likelihood of human behavior or contribution to ZKsync. These multipliers include holding specific ZKsync native NFTs or ERC-20 tokens, creating smart contract wallets via ZKsync Era native account abstraction, holding a percentage of the ARB/OP/ENS airdrop for more than 90 days, and early interactions with qualifying Ethereum smart contracts.

To ensure fairness and prevent bot swarms, a conservative sybil detection methodology was used. This methodology groups externally owned accounts (EOAs) with similar funding patterns or CEX deposit address reuse into clusters. Clusters with more than 20 EOAs are filtered out to eliminate potential bots.

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