As more blockchain projects enter the market at light speeds, it is only natural for them to airdrop their native cryptocurrencies as a way to get the word out and attract the maximum number of users.
In today’s article, we will take a look at the upcoming airdrop for the Ethereum Layer-2 scaling network zkSync. We will provide you with everything that you need to know about the project and how to become eligible for the airdrop.
So, let’s get started.
What is zkSync and How Does it Work?
zkSync is a layer-2 scaling blockchain that utilizes zero-knowledge rollup technology to enable faster and cheaper transactions while providing the utmost safety on the Ethereum blockchain.
In its first phase, zkSync did not support smart contracts and was simply a scaling network. Last year, the project’s developers, Matter Labs, initiated a complete overhaul and decided on deploying a full mainnet for zkSync and creating an Ethereum Virtual Machine-compatible (EVM) ZK technology called the zkEVM.
zkEVM is a virtual machine that supports zero-knowledge proof computation to implement ZK tech to scale Ethereum-based smart contracts. This functionality will allow zkSync to conduct transactions on the existing Ethereum infrastructure while developers can program ZK-compatible smart contracts using the EVM-supported Solidity language.
ZK rollups are considered to be far more efficient, less gas intensive, and require less storage space than the traditional optimistic rollup networks like Optimism or Arbitrum. Additionally, ZK technology inherently protects users’ private information.
Transactions on zkSync are rolled up into batches that are to be verified by the Ethereum mainnet. This won’t be hard on the blockchain as it only needs to verify a ZKP as proof of validity for an entire batch of transactions. Thus making Ethereum transactions faster, cheaper, and more secure than ever before.
What is zkSync Airdrop?
Late last month, Matter Labs suggested that they could host a token generation event and later conduct an airdrop event for the native cryptocurrency for the zkSync network. As per sources familiar with the matter, the airdrop is aimed at rewarding early adopters and active users of the blockchain.
Although a date hasn’t been confirmed for the airdrop, this could be a great time to prepare ourselves and complete all the eligibility criteria effectively. Based on previous patterns, it is the members who have been the most active on the network that could be eligible for the zkSync airdrop.
Launch Date Of zkSync Airdrop
The latest update, Zksync Token Generation will launch soon, the token generation event is a big surprise with a big airdrop expected around June 12th. According to the report, 21 billion tokens are ready for release.
Cost: $0
Is zkSync Airdrop Free?
Yes, It’s completely free and you can acquire the tokens for free. You don’t need to spend a time for the tokens. You only need to complete the task provided to acquire the tokens. As simple as that!
How To Become Eligible For zkSync Airdrop?
Preparing for the zkSync airdrop involves several steps that you need to take to ensure that you are in the right position to participate and potentially win the rewards. Below, we have outlined some strategies that you can adopt to become a part of the zkSync airdrop:
- Set up a wallet that is compatible with the zkSync network, and ensure it is connected to the airdrop page. Eg. MetaMask or Trust Wallet.
- Fund your wallet with ETH to be paid as transaction fees.
- A major requirement is to hold ETH in your wallet. Participants can use the zkSync bridge to transfer Ether from the mainnet to the zkSync network, which prepares the tokens for use within the ecosystem.
- Bridge other supported ERC-20 tokens like USDT or USDC from Ethereum to zkSync mainnet to engage with available products and services.
Conclusion
The zkSync airdrop event has not been confirmed yet, and what is surfacing are credible reports. However, Matter Labs has indicated its intention to release a native cryptocurrency for the Layer-2 scaling blockchain and is preparing for a token generation event (TGE).
By following this guide, you will be able to easily prepare yourself to become eligible for the airdrop and get the chance to win zkSync tokens. However, be careful of phishing links that may trick you into falling for scams. Therefore, make it a thing to follow the official social media channels of Matter Labs and the zkSync community to stay up-to-date with the latest announcements.
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