PancakeSwap, a decentralized exchange (DEX) operating across multiple blockchains, has introduced a significant community incentive program commencing on July 5 at 10:30 am UTC and concluding on August 5 at 10:30 am.
In acknowledgment of the consistent and unwavering support received for the deployment of zkSync PancakeSwap since July 2023, the platform will be distributing 2,452,128 zkSync (ZK) tokens to its community.
This move follows PancakeSwap’s achievement of exceeding $3 billion in trading volume, locking in over $5 million in total value (TVL), and attracting more than 1.9 million traders.
The zkSync airdrop is intended to recognize and reward both past contributors and those who will contribute in the future, including holders of vote-escrowed Cake (veCAKE).
Users actively engaged in trading, providing liquidity, and participating in previous zkSync initiatives on the platform will qualify for the airdrop. Additionally, future contributors who engage in liquidity provision and trading on zkSync PancakeSwap to foster the platform’s expansion will also be eligible for the distribution.
Regarding the upcoming distribution of 2.4 million ZK tokens, PancakeSwap’s team communicated with Cointelegraph and shared an eligibility chart detailing User Categories and the calculations governing the airdrop allocation.
To access the ZK tokens, eligible users falling under veCAKE holders and past contributor categories need to link their wallets to the PancakeSwap platform’s homepage and adhere to the instructions provided in the notification pop-up.
Any tokens left unclaimed will be reassigned to the PancakeSwap ecosystem for utilization in future development endeavors and community projects.
In separate news related to zkSync, there have been reports of limited Sybil filtering in the scheduled token airdrop, highlighting the need for improved security measures.
Matter Labs, the organization responsible for zkSync’s development, has addressed allegations of “insider minting” linked to its Libertas Omnibus non-fungible tokens (NFTs). These claims, originally raised by blockchain research firm, SoEasy on June 17, implied that certain NFTs were allocated to ineligible insiders. However, Matter Labs has clarified to Cointelegraph that all NFTs were acquired legitimately through interactions or event participation.
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