ZK Nation Finally Responds to The ZKsync Airdrop Controversy: Here's 9 Key Points

Who’s Who in the ZKsync Airdrop Controversy? Let’s See What Has Happened and What’s Behind User’s Rage Over ZK Nation.

The upcoming ZKsync airdrop scheduled for June 17 has sparked significant drama in the cryptocurrency market. The perceived unfair distribution has angered not only users but also participating companies. In response to these criticisms, ZK Nation issued a detailed blog post addressing nine key points.

Key Points of The ZKsync Airdrop Drama

1. Eligibility Criteria

Users (89% of the airdrop) must bridge crypto assets to ZKsync Era and meet one of seven eligibility criteria. Participants (11%) include developers, researchers, communities, and companies contributing to the ZKsync ecosystem, regardless of direct network use.

2. Usage-Based Allocation

The airdrop aims to reward users who have contributed to ZKsync’s growth over time by bridging assets and performing activities indicative of an organic user.

3. Non-receipt Despite Eligibility

Allocation depends on the number of criteria met, the amount bridged and held over time, and bonus multipliers for specific groups like early ETH adopters or holders of certain NFTs.

4. Comparison of Allocations

Allocation size is influenced by eligibility criteria, the amount and duration of assets held, and potential bonus multipliers.

5. Value Scaling

Users who bridged and held more assets over a longer period receive higher allocations. For example, $100 held since the network launch earns more than $100 added just a month before the snapshot.

6. Exclusion of ZKsync Lite Users

Only users who bridged assets to ZKsync Era qualify. Users of ZKsync Lite had to bridge assets to ZKsync Era to be eligible for the airdrop.

7. Zero Transaction Addresses

Some participant wallets qualified without transaction activity on ZKsync Era. These include early project contributors and test addresses used for internal quality assurance.

8. Rewarding External Groups

A small portion (2.8%) is reserved for on-chain experimental communities like Bonsai and Degen, known for their support and alignment with ZK Nation’s values.

9. High Allocation Recipients

Addresses qualifying for both user and participant allocations could exceed the 100,000 token maximum. This includes native ZKsync projects, GitHub contributors, security researchers, and Discord moderators.

Community Reactions and ZK Nation’s Stance

The crypto community has voiced strong discontent with the airdrop’s allocation and eligibility criteria. Influential figures have labeled ZKsync as a scam, and some users have threatened to abandon the network entirely.

Notable projects like Element, ZKApe, and DMail have also expressed their dissatisfaction, highlighting perceived favoritism and unfair practices.

ZK Nation acknowledged the unconventional design of the airdrop and admitted to some communication shortcomings. They emphasized their efforts to reward a large number of users and create life-changing opportunities while addressing the criticisms raised.

Despite these explanations, the hashtag #ZKsyncScam continues to trend, indicating ongoing skepticism within the community.

ZK Nation Finally Responds to The ZKsync Airdrop Controversy: Here’s 9 Key Points