zkSync is online for airdrop query, what are the next steps?

Original | OdaiPlanet Daily

Autor | Asher

The big one is finally here. ZK Nation announced in an article on the X platform this afternoon that the zkSync airdrop query is now online ( click here to jump to the query link ), and 3.675 billion ZK tokens will be airdropped to early users and contributors next week, accounting for 17.5% of the total supply of 21 billion ZK tokens; at the same time, it stated that this will be a one-time airdrop, and users will be able to receive tokens starting next week, with the deadline being January 3, 2025.

zkSync airdrop query is now online

As soon as the news came out, major ZK airdrop communities became lively, and users who participated in the interaction went to check the number of tokens they received. Judging from the sentiment on social media, this ZK airdrop was some happy, some worried:

• “The overall Sybil rate is very high. After all, there are less than 700,000 addresses left out of millions. The hit rate of individual addresses is around 15%, which is all low-income. Plus, the ZK price is so low, it’s not interesting.”

• “To put it simply, the more assets you interact with and the earlier you get, the more you get. The minimum for a single wallet is 450 ZK, and the maximum is 100,000 ZK. In general, a single premium account will get more, and I don’t know how the batch account will get. At least from the total of 6 million addresses, only 1/10 received the airdrop. The witch’s investigation is indeed a bit ruthless.”

• If you interact with UniSat casually, you will get $800 of PIZZA as a minimum living allowance. If you interact with Ordinals casually, you will get $8,000 of DOG. However, for zkSync, you will get a message saying, Unfortunately, address is not eligible for the airdrop.

• “Only 4 accounts with the Genie NFT are eligible for zkSync, the rest are not. What a loss.”

In general, the overall witch rate is very high, and even many money-pulling parties and studios have been annihilated. So, what are the specific ZK airdrop rules? Below, Odaily Planet Daily sorted out the details of this zkSync airdrop based on official information.

ZK Token Economics

According to the relevant information provided by ZK Nation, the native token of zkSync is ZK, with a total supply of 21,000,000,000 ZK, of which 66.7% is allocated to the community and 33.3% to the team and early investors. The specific distribution is as follows:

• Token Assembly: 6,153,000,000 ZK, 29.30% des Gesamtangebots ;

• Ecosystem rewards: 4,179,000,000 ZK, 19.90% of the total supply;

• Luftabwurf: 3,675,000,000 ZK, 17.50% of total supply;

• Frühe Investoren: 3,612,000,000 ZK, 17.20% of the total supply;

• Team: 3,381,000,000 ZK, 16.10% of total supply;

ZK Token Economics

Regarding the airdrop, there are 695,232 wallets shortlisted for this airdrop . The eligibility and allocation of the airdrop is based on the zkSync Era and zkSync Lite activity snapshot taken at 0:00 UTC on March 24, 2024 , which marks the first anniversary of the launch of the zkSync Era mainnet. 17.5% of the ZK airdrop is allocated to two groups of community members:

• Early adopters ( 89% ): zkSync users who have transacted on zkSync and reached the activity threshold;

• Early Contributors ( 11% ): Entities that contribute to the zkSync ecosystem and protocol through Entwicklung, advocacy, and education.

ZK airdrop distribution

ZK Airdrop Rules Detailed Explanation

To distribute tokens to real users, zkSync user qualification and allocation has four sequential steps:

Step 1: Eligibility. Every address that has transacted on zkSync Era and zkSync Lite was checked against the eligibility criteria. Every address that has transacted on zkSync Era and zkSync Lite was checked against the eligibility criteria to determine who has taken the time to explore zkSync. Each address must have at least one point to be eligible for the airdrop (the points rules are shown in the figure below).

ZK integration rules

Step 2: Allocation. A value scaling formula adjusts an address’ allocation based on the amount sent to zkSync Era and how long those crypto assets have been in the wallet. The allocation of eligible addresses is based on a value scaling formula. The formula adjusts the address’ allocation based on the amount sent to zkSync Era and how long those crypto assets have been in the wallet.

That is, an address that sends $100 to zkSync Era at mainnet launch will receive a higher weight than an address that sends $100 a month before the snapshot. Crypto assets held on zkSync Lite are not counted when determining an address’s allocation.

Step 3: Multipliers. Addresses that meet certain criteria receive an assigned multiplier. Each address can receive a multiplier based on activity that indicates a high likelihood of human behavior or contribution to zkSync. These multipliers apply to eligibility and allocation for zkSync Era and Lite.

Step 4: Identify bot detection. Standard phishing filtering methods use heuristics to detect bot behavior. A combination of eligibility criteria, numerical scaling, and multipliers eliminates most bot populations. However, the team’s Sybil detection method further filters out the remaining bots.

The first is to exploit the reuse of CEX deposit addresses. CEX creates deposit addresses for customers to process deposits. The second is to study the funding model. Every time a new address is created, its owner needs to fund it with ETH to pay transaction fees. If a group of EOAs are found to have the same ultimate funder, then they are likely to belong to the same entity.

The above image shows an example of a bot swarm detected by this method. 1,029 EOAs ultimately received funding through CEX (i.e., red nodes)

OTC Market

With the launch of the ZK token airdrop query, the over-the-counter trading price of ZK on the AEVO platform fell below 0.35 USDT in the short term and is now reported at 0.3411 USDT, with a 24-hour drop of 47.88%.

Aevo platform ZK pre-market trading candlestick chart

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