- Matter Labs has announced an exciting community airdrop for their new ZK tokens, starting next week.
- The Ethereum Layer 2 service provider is set to distribute 3.675 billion tokens to around 695,232 eligible wallets.
- Interestingly, this airdrop involves 17.5% of the total token supply, making it a significant distribution event.
Discover the massive ZK token distribution by Matter Labs and learn how to check your wallet’s eligibility for this exciting airdrop!
ZK Airdrop Scheduled for Next Week
Matter Labs has confirmed that ZK token’s total supply amounts to about 21 billion tokens. According to their statement, the airdrop of 17.5% makes it the largest token distribution from a Layer 2 network to date.
The detailed report indicates that users, who met the transactional activity threshold by March 24, will receive 89% of the distributed tokens. Meanwhile, contributors—developers, researchers, and community members—will receive the remaining 11%.
Although users can start claiming their tokens next week, contributors will need to wait until June 24 to begin their claims.
Eligibility and Token Transferability
ZKSync has provided a convenient wallet eligibility checker so individuals can verify if they qualify for the airdrop. The documentation clarifies that every airdropped token is immediately unlocked and transferable without any vesting period.
Notably, the token allocation favors the community, with 66% of the total ZK tokens allotted to them, while only 33% is reserved for investors and the team. The ZKSync Association commented:
“Awarding more tokens in the airdrop than to the Matter Labs team and investors is more than a symbolic decision for the community… The community will have the largest supply of liquid tokens to direct protocol governance upgrades.”
For team tokens, the distribution will start in June 2025 and span a four-year vesting period, concluding in 2028. This decision follows a similar policy adjustment by competitor StarkWare earlier this year.
Genuine Tokens for Genuine Users
The ZKSync airdrop emphasizes rewarding real users while excluding bots and sybil wallets. The network uses advanced criteria to identify and reward wallets that exhibit genuine on-chain activity.
Addressing concerns about potential selling pressure due to the immediate unlock of tokens, Matter Labs CEO Alex Gluchowski stated, “People are free to dispose of their tokens.” He elaborated that they encourage token holders to participate in governance, but those who opt not to can sell their holdings.
Conclusion
This significant airdrop by Matter Labs underscores the growing trend of rewarding genuine community participation in the crypto space. By prioritizing community allocation and governance participation, the ZKSync airdrop aims to foster a more engaged and dynamic ecosystem. As the distribution begins next week, eligible users and contributors should prepare to secure their share of the tokens, while the broader community watches another historic moment in the evolving landscape of Ethereum Layer 2 solutions.
