PancakeSwap, the prominent multichain decentralized exchange (DEX), is rolling out a significant community reward initiative starting July 5 at 10:30 am UTC and will conclude on August 5 at 10:30 am UTC.
This initiative will airdrop 2,452,128 zkSync (ZK) tokens to its community, marking an appreciation for the continued support of the zkSync PancakeSwap deployment since its launch in July 2023.
This gesture follows PancakeSwap’s impressive milestones, surpassing $3 billion in trading volume, $5 million in total value locked (TVL), and boasting over 1.9 million total traders. The airdrop will recognize past and future contributors to the platform and vote-escrowed Cake (veCAKE) holders.
Eligible participants include veCAKE holders, Liquidity Providers, Active Traders, Traverse Campaign Participants, zkSync Prediction Users, and zkSync Gauge Voters who meet specific eligibility criteria.
The PancakeSwap team emphasized the inclusive nature of the airdrop: “The zkSync airdrop is structured to reward both longstanding contributors who have supported our journey and newcomers who engage actively with PancakeSwap.”
Active users who have significantly contributed through trading, liquidity provision, and participation in previous zkSync initiatives will find themselves eligible for the airdrop. Moreover, PancakeSwap encourages future contributions by extending the airdrop to those who provide liquidity and trade on zkSync PancakeSwap, aiming to further bolster the platform’s growth.
To claim their ZK tokens, eligible users are required to connect their wallets to the PancakeSwap homepage and follow the pop-up notification guide. Any unclaimed tokens will be redirected back into the PancakeSwap ecosystem, earmarked for future development and community-driven initiatives.
Meanwhile, Matter Labs, the team behind zkSync, has recently addressed allegations of “insider minting” related to its Libertas Omnibus non-fungible tokens (NFTs). These allegations, put forth by blockchain research firm SoEasy on June 17, suggested that Matter Labs had distributed NFTs to ineligible insiders.
However, a Matter Labs representative clarified that “there were no invalid mints” and that all NFTs were legitimately acquired either through interaction with the platform or by event attendees.
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