|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
zkSync Faces Backlash From the Crypto Community After Its Recent ZK Token Airdrop Announcement
Jun 13, 2024 at 10:00 am
Ethereum’s Zero-Knowledge (ZK) Layer-2 scaling solution, zkSync, is facing backlash from the crypto community after its recent ZK token airdrop announcement.

zkSync, an Ethereum Layer-2 scaling solution, has announced an upcoming airdrop of its ZK token, with a total supply of 21 billion ZK tokens. Of these tokens, 17.5% will be airdropped to 695,000 eligible wallets on June 17.
According to the announcement, the distribution will be as follows: early users will receive 50% of the airdropped tokens, while zkSync's team and investors will get 33.3%. The remaining 16.7% will be allocated to zkSync's community members.
The airdrop eligibility is determined by several criteria, including total gas used on zkSync before the March 25 snapshot, the number of transactions, and the earliest interaction with zkSync. Eligible users can receive up to 100,000 ZK tokens.
However, the announcement has sparked controversy within the crypto community, with some users expressing dissatisfaction with their token allocation. Despite being long-term, active users, many investors claim to have received a lower token allocation than others with less activity.
For instance, one X user, despite being in the top 0.04% of wallets, only received 1,023 ZK tokens. At the same time, wallets with significantly less activity that were created after the snapshot received the maximum allocation.
Several top-ranking projects built on zkSync have also expressed disappointment after not being included in the airdrop. NFT project zkApes and NFT marketplace Element both stated that they did not receive any airdrops, despite generating between $15–20 million in gas fees for the network.
As a result, zkApes, Element NFT, and other projects have formed a coalition to "keep the pressure" on zkSync's team and negotiate a token allocation that will be distributed among their communities. Critics have emphasized the need for "transparency and fairness."
A Lack of Anti-Sybil Filtering?
The airdrop has also drawn attention due to the lack of anti-Sybil filtering, which aims to identify and exclude bot swarms or multiple wallets controlled by a single entity. This has led to concerns about the potential for Sybil wallets to receive a substantial portion of the airdrop.
According to an initial list provided by LayerZero Labs, Sybil wallets are estimated to receive around $135 million in ZK tokens from the airdrop. However, this list has since been discarded by Bryan Pellegrino, CEO of LayerZero.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Bitcoin, CPI Week, and Pepeto: Navigating Market Volatility for Potential Gains
- Oct 13, 2026 at 04:05 am
- As CPI week approaches, the crypto market holds its breath. Bitcoin hovers near key resistance levels, while the innovative Pepeto presale offers a different path to potential returns, attracting early adopters seeking significant growth.
-
- Kaspa Founder, Kaspa Community, Growing Criticism: The Silent Scientist vs. The Roaring Crowd
- Oct 13, 2026 at 04:05 am
- Amidst rising criticism, Kaspa founder Yonatan Sompolinsky's silence is viewed by supporters as a strategic strength, drawing more attention to the project and its robust technical foundations.
-
- Hardware Wallets & Crypto Security: Navigating the Shifting Sands of Digital Custody in NYC
- Oct 13, 2026 at 03:59 am
- Recent hardware wallet compromises, particularly the Ledger incident, have ignited a crucial debate in the crypto world: are self-custody devices truly safer than exchange-traded funds (ETFs)? This news release delves into the evolving landscape of crypto security, supply chain vulnerabilities, and the ongoing quest for robust digital asset protection, all with a nod to the savvy New Yorker.
-
-
- DeepSeek Invests Big in Robot Brains with Ex-Tencent Scientist's Startup
- Oct 13, 2026 at 03:55 am
- DeepSeek is leading a seed round for Winverse AI, a robotics startup founded by an ex-Tencent scientist, signaling a major push into real-world AI applications and a competitive move in the robotics space.
-
-
- Tether Freezes $10M in USDT Tied to CryptoBilis Ledger Theft: A Deep Dive into Stablecoin Security
- Oct 13, 2026 at 12:05 am
- Tether has frozen $10 million in USDT connected to the CryptoBilis Ledger wallet theft, highlighting the ongoing debate about centralized stablecoin controls versus decentralized crypto principles.
-
-
































