SyncSwap to 'Fully Allocate ZkSync Airdrop to Community'

IconCryptoNewsTerminal Staff13 Jun, 2024

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SyncSwap to 'Fully Allocate ZkSync Airdrop to Community'

Decentralized exchange SyncSwap announced via its official x that it will "fully allocate ZkSync airdrop proceeds to community." ZkSync is set to airdrop 17.5% of its 21 billion ZK total supply to ecosystem contributors and the community starting next week. SyncSwap stated that it "takes its role as a guardian of community very seriously." The exchange has a history of conducting airdrops and token distributions to its users. ZkSync is a Layer 2 scaling solution for Ethereum that uses a zero-knowledge (ZK) rollup to process transactions off-chain. This allows for faster and cheaper transactions than on the main Ethereum network. The ZK airdrop is intended to incentivize developers and users to contribute to the ZkSync ecosystem. Those eligible for the airdrop will be able to claim their tokens through the ZkSync website. SyncSwap's decision to allocate its airdrop proceeds to the community is in line with its commitment to decentralization and community ownership. The exchange believes that this will help to foster a strong and vibrant ZkSync ecosystem.

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