PancakeSwap will reward users with a 2.4M ZK token airdrop
PancakeSwap, a multichain decentralized exchange (DEX) has announced a significant community reward initiative starting on July 5th at 10:30 am UTC and ending on August 5th at 10:30 am UTC.
Starting July 2023, the platform will release 2,452,128 zkSync (ZK) tokens to the community in recognition of continued and ongoing support for the zkSync PancakeSwap distribution.
The initiative comes after PancakeSwap surpassed $3 billion in transaction volume, $5 million in total value locked (TVL) and more than 1.9 million merchants.
“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.”
Related: ZkSync 695K Wallet eligible for next week's ZK token airdrop
ZK air drop qualification criteria
The zkSync airdrop is organized by past and future contributors with veCAKE owners.
Active users who have contributed to the platform through trading, liquidation and participation in previous zkSync initiatives will be eligible for the airdrop.
The airdrop will be distributed to contributors who provide liquidity and trade with zkSync PancakeSwap to boost the platform's growth.
Speaking to Cointelegraph about the 2.4 million ZK airdrop, the Pancake Swap team said:
“The ZkSync airdrop is designed to reward both long-time contributors who have supported our journey and actively engaged with PancakeSwap.”
Related: ZkSync hit with ‘no Sybil filter' claims in suspicious weather
How to ask
The airdrop distribution is available in print for veCAKE containers and past contributor user categories.
To claim ZK tokens, eligible users need to link their wallet to the Pancake Swap platform homepage and follow the pop-up notification instructions.
Any unclaimed tokens will be transferred to the PancakeSwap ecosystem for future development and community initiatives.
Related: zkSync token starts amid network load, RPC problems
The ZkSync developer is on fire.
Matt Labs, the developer behind zkSync, recently denied “insider” allegations related to Libertas' omnibus non-volatile tokens (NFTs).
The allegations, filed by blockchain research firm SoEasy as early as June 17, allege that Matter Labs distributed NFTs to unqualified insiders.
In response, a representative of Matter Labs explained to Cointelegraph that “there were no invalid microelements” and that the NFTs were obtained through legitimate interactions or participants of the event.
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