PancakeSwap Launches 2.4M ZK Token Airdrop for Users

PancakeSwap Launches 2.4M ZK Token Airdrop for Users

PancakeSwap, the popular multichain decentralized exchange (DEX), has unveiled a substantial community reward initiative. Starting July 5 at 10:30 am UTC and ending on August 5 at 10:30 am, PancakeSwap will distribute 2,452,128 zkSync (ZK) tokens to its community. This initiative aims to recognize and reward the continuous support for the zkSync PancakeSwap deployment since July 2023.

Celebrating Milestones

The airdrop comes as PancakeSwap surpasses significant milestones, including $3 billion in trading volume, $5 million in total value locked (TVL), and over 1.9 million total traders. The platform stated, “The airdrop distribution is currently open to veCAKE Holders, Liquidity Providers, Active Traders, Traverse Campaign Participants, zkSync Prediction Users, and zkSync Gauge Voters who meet the eligibility requirements.”

Eligibility Criteria for ZK Airdrop

The zkSync airdrop is designed to reward both past and future contributors as well as vote-escrowed Cake (veCAKE) holders. Active users who have been involved in trading, liquidity provision, and previous zkSync initiatives are eligible for the airdrop. Additionally, new contributors who provide liquidity and trade on zkSync PancakeSwap will also be considered to further the platform’s growth.

A PancakeSwap team representative told Cointelegraph, “The zkSync airdrop is structured to reward both longstanding contributors who have supported our journey and newcomers who engage actively with PancakeSwap.”

How to Claim Your Tokens

Eligible users, including veCAKE holders and past contributors, can claim their ZK tokens by connecting their wallets to the PancakeSwap platform homepage and following the instructions provided in the pop-up notification guide. Any unclaimed tokens will be reallocated to the PancakeSwap ecosystem for future development and community initiatives.

Developer Controversy

In related news, Matter Labs, the developer behind zkSync, has recently faced allegations of “insider minting” concerning its Libertas Omnibus non-fungible tokens (NFTs). Blockchain research firm SoEasy accused Matter Labs on June 17 of distributing NFTs to ineligible insiders. Matter Labs has refuted these claims, with a representative stating, “There were no invalid mints,” and clarifying that the NFTs were legitimately acquired through user interactions or by event attendees.

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