Matter Labs, the main development firm behind the layer-2 network ZKsync era, has officially disclosed the distribution criteria for its long-awaited ZK token airdrop. According to the plan released Tuesday, 17.5% of ZK's 21 billion total token supply will be airdropped to users beginning"next week."
Under the distribution plan, 89% of the airdrop will go to ZKsync users, a group that includes anyone who has transacted on ZKsync and met a certain threshold of activity . The remaining 11% will go towards contributors to the ecosystem, including zkSync native projects , on-chain communities and builders .the term “ZK,” which is shorthand for"zero-knowledge” cryptography, the core technology underlying ZKsync and a plethora of other blockchain projects.
“We have put a lot of thought into the design of the airdrop," Alex Gluchowski, the CEO of Matter Labs, told CoinDesk in an interview. “No matter what you do, some people are going to be disappointed, but we have looked into others," he said.