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Latest cryptocurrency news > BLOCKCHAIN > Revolutionizing Airdrops: ZKFair’s New Approach in the Web3 Space
BLOCKCHAIN

Revolutionizing Airdrops: ZKFair’s New Approach in the Web3 Space

BH NEWS
Last updated: 21 December 2023 19:21
BH NEWS 2 years ago
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The crypto market is witnessing a surge, with significant developments in the Web3 sphere. Notably, the Solana ecosystem’s airdrop events have sparked a trend that Ethereum‘s ecosystem is now accelerating. The ZKFair airdrop, announced on December 20, has caught the attention of the community. Let’s delve into the intriguing details of these airdrop events.

ZKFair, the first Layer-2 protocol to adopt USDC as its native token, shared the airdrop details in a December 20 announcement. Users who transacted on popular Layer-2 projects such as zkSync, Scroll, Linea, and Polygon between October 20 and December 20 are eligible for rewards from this airdrop event.

The ZKF token supply is set at 10 billion by the team, and it will be fully in circulation from launch day, with the entirety being distributed through airdrop events. Eligibility checks for the ZKF airdrop can be done through their official website.

Two main criteria play a role in the airdrop event: a community-focused airdrop and a transaction fee-based airdrop. A total of 2.5 billion ZKF tokens are allocated for the community, while 7.5 billion are set aside for transaction fees.

The community airdrop involves several criteria, with 800 million tokens reserved for Polygon zkEVM users and 200 million for zkSync, Scroll, ZKSpace, and Linea users. Other criteria include Lumoz loyalty points, developers in the ZKFair protocol, and Ordinal token holders, with claims for Ordinal token holders to open in due course.

For the transaction fee-based airdrop, users’ commission fees spent on the ZKFair mainnet will be considered. In the upcoming ZKFair network, users will earn 2500 ZTF tokens for every dollar “burned.” This event is set to start on December 23 by the team.

Regarding security, amidst anticipation for airdrops from major firms like Starknet and LayerZero, users must be vigilant as hackers continue to target Web3 wallets. ZKFair, supported by Polygon and Bitget, has received a positive reception for its security measures, ensuring users’ safety in every airdrop event.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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