PancakeSwap, a decentralized exchange (DEX) operating across multiple blockchains, has unveiled a major community reward initiative. This initiative will begin on July 5 at 10:30 am UTC and conclude on August 5 at 10:30 am.
In this effort, PancakeSwap will distribute 2,452,128 zkSync (ZK) tokens to its community as a token of appreciation for their consistent support of the zkSync PancakeSwap deployment since July 2023.
This announcement follows PancakeSwap achieving significant milestones, including exceeding $3 billion in trading volume, securing $5 million in total value locked (TVL), and attracting over 1.9 million traders.
### Related:
– **ZkSync announces 695K wallets eligible for next week’s ZK token airdrop**
### ZK Airdrop Eligibility Criteria
The zkSync airdrop aims to reward both previous and future contributors as well as holders of vote-escrowed Cake (veCAKE) tokens. Users who have actively participated in trading, providing liquidity, and engaging in prior zkSync initiatives on the platform will qualify for the airdrop. Additionally, new contributors who offer liquidity and trade using zkSync PancakeSwap will also be eligible to receive the airdrop, thereby fostering further platform growth.
Speaking to Cointelegraph about the 2.4 million ZK airdrop, the PancakeSwap team shared:
### Eligibility Chart
The eligibility chart shows user categories and the distribution calculations for the airdrop.
### Related:
– **ZkSync faces claims of ‘almost no Sybil filtering’ in upcoming token airdrop**
### How to Claim
To claim the ZK tokens, eligible users must connect their wallets to the PancakeSwap platform homepage and follow the on-screen notification guide. Any tokens not claimed will be reallocated to PancakeSwap’s ecosystem for future development and community programs.
### Related:
– **zkSync token launches amidst network load, RPC issues**
### ZkSync Developer Under Scrutiny
Matter Labs, the developer behind zkSync, recently addressed accusations of “insider minting” related to its Libertas Omnibus non-fungible tokens (NFTs). These allegations were initially raised by blockchain research firm SoEasy on June 17, suggesting that Matter Labs distributed the NFTs to ineligible insiders. A representative from Matter Labs responded to Cointelegraph, stating that “there were no invalid mints” and that the NFTs were legitimately obtained through interactions or by event attendees.
### Magazine:
– **‘Raider’ investors are looting DAOs — Nouns and Aragon share lessons learned**