Details of zkSync coin issuance: Introduction to ZK airdrop rules and token economics

When will zkSync issue coins? ZK Nation announced this afternoon on the 17.5% of 21 billion; it also 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.

Today, the editor of this website will give you a detailed introduction to the details of zkSync’s coin issuance. All currency friends in need should take a look!

zkSync airdrop query is online

As soon as this news came out, the major "hair-raising" communities suddenly became lively, and users who participated in the interaction went there one after another Checking the number of tokens received, judging from the sentiment on social media, this ZK airdrop is "some are happy, some are worried":

• "The overall witch rate is very high, after all Of the millions of addresses, less than 700,000 are left. The hit rate for personal addresses is about 15%, and they are all subsistence allowances. Plus the price of ZK 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 will get. The minimum for a single wallet is 450ZK and the maximum is 100,000ZK. Overall, a single boutique account will get more. I don’t know how the batch number will get, at least from the total amount of 6 million. Judging from the fact that only 1/10 of the addresses received airdrops, the Witch’s investigation was indeed a bit ruthless. “

• ” Just interact with UniSat and you will get 800 US dollars of PIZZA subsistence allowance, and casually interact with Ordinals and you will get 8,000 US dollars of DOG. , and zkSync in exchange for the sentence "Unfortunately, address is not eligible for the airdrop."

• "Only 4 accounts with magic lamp NFT are eligible for zkSync, and the others are not, which is a loss. ”

##ZK Token Economics

According to relevant information given by ZK Nation, zkSync’s native token is ZK , the total supply of tokens is 21,000,000,000 ZK, with community allocation accounting for 66.7% and team and early investor allocation accounting for 33.3%. The specific allocation is as follows:

• Token Assembly: 6,153,000,000 ZK, accounting for 29.30% of the total supply;

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

• Airdrop: 3,675,000,000 ZK , accounting for 17.50% of the total supply;

• Early investors: 3,612,000,000 ZK, accounting for 17.20% of the total supply;

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

##ZK Token Economics

About the airdrop, this time the shortlisted address 695,232 wallets, airdrop eligibility and allocation based on a snapshot of zkSync Era and zkSync Lite activity at 0:00 UTC on March 24, 2024, which marked the first anniversary of the zkSync Era mainnet launch, with 17.5% of the ZK airdrop allocated to Two groups of community members:

Early users (89%): zkSync users who transacted on zkSync and reached the activity threshold;
Early Contributors (11%): Entities that contribute to the zkSync ecosystem and protocol through development, advocacy, and education.

ZK airdrop distribution situation

Detailed explanation of ZK airdrop rules

In order to distribute tokens to real users, There are four sequential steps to qualifying and assigning zkSync users:

Step One: Qualification. Every address that transacted on zkSync Era and zkSync Lite was checked against the eligibility criteria. Every address that has transacted on zkSync Era and zkSync Lite is checked against eligibility criteria to determine who has taken the trouble to explore zkSync. Each address must have at least one point to be eligible for the airdrop (point rules are as shown below).

ZK Points Rules

Step 2: Distribution. A value scaling formula adjusts an address's allocation based on the amount sent to the zkSync Era and how long those cryptoassets remain in the wallet. The allocation of eligible addresses is based on a value scaling formula. The formula adjusts the allocation of addresses based on the amount sent to the zkSync Era and how long those cryptoassets remain in the wallet.

That is, an address that sent $100 to the zkSync Era at mainnet launch will receive a higher weight than an address that only sent $100 a month before the snapshot. Cryptoassets held on zkSync Lite are not counted when determining the allocation of an address.

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

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

The first is to take advantage of the reuse of CEX deposit addresses. CEX creates deposit addresses for customers to process deposits. The second is to study funding acquisition models. Every time a new address is created, its owner needs to fund it with ETH to cover transaction fees. If a group of EOAs is found to have the same ultimate sponsor, it is likely that they belong to the same entity.

The image above shows an example of a swarm of bots detected via this method. Among them, 1,029 EOAs finally obtained funds through CEX (i.e. red node)

OTC market

With the opening of the ZK token airdrop inquiry, the OTC trading price of ZK on the AEVO platform fell in the short term It broke 0.35 USDT and is now trading at 0.3411 USDT, with a 24H drop of 47.88%.

Aevo platform ZK pre-market trading K-line chart

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