![Best Times to Post on YouTube in 2025 [Research]](https://www.hubspot.com/hubfs/best-time-to-post-youtube.jpg)
![12 Web Design Best Practices & Guidelines for Usability in 2025 [+ Expert Tips]](https://www.hubspot.com/hubfs/website-design-1-20241121-4075840.webp)
ZkSync Faces Backlash Amid Token Airdrop Controversy
The post ZkSync Faces Backlash Amid Token Airdrop Controversy appeared on BitcoinEthereumNews.com. Ethereum’s Zero-Knowledge (ZK) Layer-2 scaling solution, zkSync, is facing backlash from the crypto community after its recent ZK token airdrop announcement. Community members have expressed concerns about the lack of anti-Sybil filtering and the “unfair” token distribution. ZkSync Faces Backlash On Tuesday, zkSync announced the upcoming airdrop of its ZK token and the distribution plan. According to the announcement, 17.5% of ZK’s 21 billion token supply will be airdropped to 695,000 eligible wallets on June 17. Additionally, 33.3% of the token’s supply would be distributed between the project’s team and investors. The allocation was meant to reward early users and long-time supporters among zkSync’s community. Annoucement of the ZK token. Source: ZK Nation on X Per the post, eligible users could receive up to 100,000 ZK tokens depending on the criteria they had met before the March 25 snapshot. However, the project faced criticism after users started to check their allocation. Online reports revealed that some community members were not content with their rewards. Despite being active long-term users, many investors claimed to have received a lower token allocation than others with less activity. Similarly, several users complained of not being eligible for the airdrop despite their volume and transaction history and meeting the criteria. One X user shared being in the top 0.04% of wallets and receiving only 1,023 ZK tokens, while wallets with significantly less activity registered after the snapshot got the maximum allocation. Various top-ranking projects built on zkSync have expressed disappointment after not being included. NFT project zkApes and NFT marketplace Element shared they had not received any airdrops despite generating between $15-$20 million in gas fees for the network. Moreover, zkApes, Element NFT, and other projects have formed a coalition to “keep the pressure” on zkSync’s team and negotiate a token allocation, which would be…
The post ZkSync Faces Backlash Amid Token Airdrop Controversy appeared on BitcoinEthereumNews.com.
Ethereum’s Zero-Knowledge (ZK) Layer-2 scaling solution, zkSync, is facing backlash from the crypto community after its recent ZK token airdrop announcement. Community members have expressed concerns about the lack of anti-Sybil filtering and the “unfair” token distribution. ZkSync Faces Backlash On Tuesday, zkSync announced the upcoming airdrop of its ZK token and the distribution plan. According to the announcement, 17.5% of ZK’s 21 billion token supply will be airdropped to 695,000 eligible wallets on June 17. Additionally, 33.3% of the token’s supply would be distributed between the project’s team and investors. The allocation was meant to reward early users and long-time supporters among zkSync’s community. Annoucement of the ZK token. Source: ZK Nation on X Per the post, eligible users could receive up to 100,000 ZK tokens depending on the criteria they had met before the March 25 snapshot. However, the project faced criticism after users started to check their allocation. Online reports revealed that some community members were not content with their rewards. Despite being active long-term users, many investors claimed to have received a lower token allocation than others with less activity. Similarly, several users complained of not being eligible for the airdrop despite their volume and transaction history and meeting the criteria. One X user shared being in the top 0.04% of wallets and receiving only 1,023 ZK tokens, while wallets with significantly less activity registered after the snapshot got the maximum allocation. Various top-ranking projects built on zkSync have expressed disappointment after not being included. NFT project zkApes and NFT marketplace Element shared they had not received any airdrops despite generating between $15-$20 million in gas fees for the network. Moreover, zkApes, Element NFT, and other projects have formed a coalition to “keep the pressure” on zkSync’s team and negotiate a token allocation, which would be…
What's Your Reaction?
