PancakeSwap Announces $ZK Token Airdrop to Reward Community

PancakeSwap has announced an initiative to reward its community by conducting an airdrop of 2,452,128 zkSync (ZK) tokens.

PancakeSwap, a leading decentralized exchange (DEX) on BNB Chain, has announced an airdrop of 2,452,128 zkSync (ZK) tokens to its community. The event will begin on July 5 at 10:30 am UTC and conclude on August 5 at 10:30 am UTC.

This airdrop serves as a token of appreciation for the community's support following the deployment of zkSync on PancakeSwap, which commenced in July 2023. Over the past year, PancakeSwap has achieved remarkable milestones, including surpassing $3.6 billion in trading volume, reaching a total value locked (TVL) of $5.8 million, and amassing over 1.9 million active traders, earning widespread public acceptance.

The ZK token airdrop is designed to reward various groups within the PancakeSwap community. Notably, veCAKE holders will receive a substantial allocation in recognition of their loyalty and contributions. Furthermore, users who have actively engaged with the PancakeSwap ecosystem—whether through trading, providing liquidity, participating in zkSync campaigns, using the zkSync prediction product, or voting in zkSync gauges—will also be eligible to receive the tokens.

PancakeSwap aims to incentivize both current and future participation through this initiative. By including future traders and liquidity providers in the airdrop, the DEX hopes to foster growth and maintain the ecosystem's vitality. This strategy ensures that both present and new users can benefit from the platform and contribute to its development.

To participate in the airdrop, eligible users can simply connect their wallet to the PancakeSwap homepage and follow the instructions. The process has been simplified, and thanks to zkSync's paymaster feature, users can make their claims at no cost. It's important to note that any unclaimed tokens during the airdrop period will be reallocated for the platform's development and other community initiatives.

In other news, Matter Labs, the developer behind zkSync, has faced accusations of “internal minting” of NFTs related to its Libertas Omnibus series. However, the company has refuted these claims, clarifying that the NFTs were legitimately acquired by event attendees or through valid interactions.

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