- Users will get 3.6 billion ZK tokens as part of an airdrop by Ethereum scaling solution zkSync next week, but the distribution list has drawn criticism from the cryptocurrency community.
Zero-knowledge (ZK) layer-2 network zkSync verified an airdrop for active on-chain participants one year after users initially dreamed of a governance token. More than 695,000 individuals will acquire 17.5% of ZK’s 21 billion token supply after a snapshot in March.
Additionally, the community received two thirds of the project’s token supply. Over a four-year lock period, zkSync allocated approximately 33.3% of all ZK tokens to investors and team members.
The community objects to zkSync wallet allocations
Although the protocol’s 3.6 billion token airdrop is the most major rollup to date, users were not happy with the eligibility data. Unusually, the initiative made available on GitHub the CSV file that included all of the wallet addresses that qualified.
The Sybil accounts, which are characterized by a single entity managing several accounts, were discovered to have thousands of tokens in their possession. Further intensifying public criticism was the allegation that certain users with single accounts were not eligible for the airdrop.
A person identified as Artemis the Sybil Hunter asserted that the airdrop might award Sybial accounts with a maximum of two million ZK tokens. Since LayerZero initiated a campaign against Sybil clusters, several of the same addresses are excluded from the distribution.
According to Mudit Gupta, CISO of Polygon Labs, zkSync hardly ever employed Sybil filtering. As the defi community as a whole responded to the most recent airdrop fiasco, Gupta remarked that anyone who knew the criteria could have easily farmed the sh*t out of it.
Data supplier Nansen explained that the company did not offer Matter Labs, the parent company of zkSync, “anit-Sybil” support. While the information is available to the public, the project retains the authority to determine who is eligible for the airdrop, allowing for potential future revisions to the criteria.
The airdrops this year have been controversial, to put it mildly. Users were occasionally let down by distribution strategies and tokenomics after spending several months or even years interacting with systems. Following the launch of its currency, Starknet saw a significant decline in user activity, as reported by crypto.news. During the cryptocurrency airdrop, the pattern is not unusual, but people were more irate with the distribution.
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