DeFi
PancakeSwap Launches 2.4 Million ZK Token Airdrop
PancakeSwap, the leading multi-chain decentralized exchange (DEX), is rolling out a major community reward initiative starting July 5th at 10:30 UTC and ending on August 5th at 10:30 UTC.
This initiative will distribute 2,452,128 zkSync (ZK) tokens to its community, marking recognition for the continued support of the zkSync PancakeSwap deployment since its launch in July 2023.
The move follows PancakeSwap’s impressive milestones of surpassing $3 billion in trading volume, $5 million in total value locked (TVL), and over 1.9 million total traders. The airdrop will reward past and future contributors to the platform and Cake (veCAKE) holders with a escrow vote.
Eligible participants include veCAKE holders, liquidity providers, active traders, Traverse campaign participants, zkSync prediction users, and zkSync gauge voters who meet specific eligibility criteria.
The PancakeSwap team emphasized the inclusive nature of the airdrop: “The zkSync airdrop is structured to reward both long-time contributors who have supported our journey and newcomers who are actively engaging with PancakeSwap.”
Active users who have contributed significantly through trading, liquidity provision, and participation in previous zkSync initiatives will be eligible for the airdrop. Additionally, PancakeSwap is incentivizing future contributions by extending the airdrop to those who provide liquidity and trade on zkSync PancakeSwap, with the goal of further strengthening the platform’s growth.
Image source: zkSync (Eligibility table indicates user category and calculates airdrop distribution)
To claim their ZK tokens, eligible users must connect their wallets to the PancakeSwap homepage and follow the pop-up notification guide. All unclaimed tokens will be redirected to the PancakeSwap ecosystem, earmarked for future development and community initiatives.
Meanwhile, Matter Labs, the team behind zkSync, recently responded to allegations of “inside minting” related to its Libertas Omnibus non-fungible tokens (NFTs). The allegations, made by blockchain research firm SoEasy on June 17, suggested that Matter Labs distributed NFTs to ineligible insiders.
However, a Matter Labs representative clarified that there were “no invalid mints” and that all NFTs were legitimately acquired either through interaction with the platform or by event attendees.
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