ZKsync Faces Backlash Over Controversial Airdrop Criteria and Distribution

  • ZKsync recently released an update regarding the controversial eligibility criteria for their airdrop.
  • Following the highly anticipated and contentious airdrop event, ZKsync addressed the community through Twitter.
  • Many investors who met the stipulated criteria yet did not receive the airdrop expressed significant dissatisfaction, especially seeing wallets with fewer transactions receiving allocations.

Discover the latest updates on ZKsync’s airdrop controversy and what it means for future airdrop distributions.

ZKsync’s Controversial Airdrop Criteria Explained

ZKsync, a prominent player in the crypto space, recently faced backlash following their airdrop eligibility announcement. Many users, despite meeting the seven predefined criteria, found themselves ineligible for the rewards. This has caused uproar within the investor community, especially because some wallets with minimal activity managed to secure the airdrop.

Response from ZKsync Nation

The team behind ZKsync, ZK Nation, responded to the escalating concerns by issuing a statement. They emphasized that genuine users often exhibit less fear of risks. According to the statement, the eligibility was determined not only by meeting the seven criteria but also by the average amount held over a specific period. The core of the formula considered the funds sent to the ZKsync Era and the duration these assets remained in the wallet.

Analysis of Airdrop Distribution Method

The distribution of the ZKsync airdrop highlighted two primary methods by which investors could attain eligibility. The first method, accounting for 89% of the airdrop pool, required users to bridge their cryptocurrencies to the ZKsync network and meet at least one of the seven eligibility criteria. Conversely, the remaining 11% did not necessitate any connection to the ZKsync network, adding a layer of complexity and controversy to the distribution process.

Conclusion

The ZKsync airdrop event has underscored the challenges and complexities of equitable distribution in the crypto space. As ZKsync navigates the feedback and works towards refining their processes, the community’s response will undoubtedly shape future airdrop strategies, aiming for more transparency and fairness in allocation.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

MUBARAK Soars 461% After Launch in Gate.io Innovation Zone

On March 14, at 11:40 AM (UTC+8), Gate.io made...

Chainlink Unlocks 19 Million LINK: Major Transfers to Binance and Multisig Address Revealed

On March 15th, COINOTAG reported significant activity within the...

LINK Position Liquidated: Hyperliquid Whale Shifts to $160 Million BTC Short Following $1.27M Loss

On March 15th, COINOTAG News reported insights from on-chain...

Brooklyn Podcaster TJ Stone Sentenced to 45 Months for Cryptocurrency Fraud Involving $2 Million Scam

The recent sentencing of Brooklyn-based podcaster Thomas John Sfraga,...

Coinbase Derivatives Files for Self-Certification of ADA Futures Ahead of March 31st Launch

On March 15th, COINOTAG reported that Coinbase Derivatives has...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img