The layer-2 blockchain ZKsync has kicked off its highly anticipated airdrop of its ZK token, with 45% of the tokens already claimed, the
The ZKsync Association, a non-profit created and launched last week by the development firm behind ZKsync, Matter Labs, is in charge of the airdrop claims. The team tweeted that 45% of tokens were claimed by users in under two hours.The ZK token opened at $0.31 and is down about 21% since then, trading at $0.24 at the time of writing, according. The market capitalization stands at about $908 million, based on the circulating supply, with about 3.7 billion tokens eligible to be distributed.
According to their plans, 89% of the airdrop can be claimed by ZKsync users, which includes anyone that transacted on the ZKsync blockchain and met an unspecified threshold of activity. The remaining tokens go to ecosystem contributors including: ZKsync native projects , on-chain communities and builders .
Matter Labs also shared that employees will get 16.1% of ZK tokens, and investors 17.2%, which will be locked for a year and then released over three years. The rest of the token supply will be split and go to ZKsync’s Token Assembly , which will use it forin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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