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Home Crypto News PancakeSwap Airdrops $2.4M in ZK Tokens to Reward Users and Boost zkSync Engagement
Crypto News

PancakeSwap Airdrops $2.4M in ZK Tokens to Reward Users and Boost zkSync Engagement

  • by Dhaval
  • 2024-07-06
  • 0 Comments
  • 2 minutes read
  • 1075 Views
  • 2 years ago
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PancakeSwap Rewards Users With 2.4m ZK Token Airdrop

Exciting news for PancakeSwap users! The popular decentralized exchange is giving away a whopping 2.4 million ZK tokens to reward its loyal community and encourage more engagement with its zkSync deployment. If you’re a PancakeSwap user, especially on zkSync, you might be in for a treat! Let’s dive into the details of this airdrop and see how you can claim your share.

PancakeSwap’s ZK Token Airdrop: A Sweet Reward for the Community

PancakeSwap is showing its appreciation to its community by airdropping 2,452,128 zkSync (ZK) tokens. This initiative recognizes the community’s continuous support for the zkSync PancakeSwap deployment since July 2023. This move follows PancakeSwap’s impressive milestones, including surpassing $3 billion in trading volume, $5 million in total value locked (TVL), and attracting over 1.9 million traders.

The airdrop is designed to reward various categories of users. Here’s a breakdown:

  • veCAKE Holders
  • Liquidity Providers
  • Active Traders
  • Traverse Campaign Participants
  • zkSync Prediction Users
  • zkSync Gauge Voters

Who is Eligible for the ZK Airdrop?

The ZK airdrop aims to reward both past and future contributors, along with veCAKE holders. If you’ve been actively trading, providing liquidity, or participating in zkSync initiatives on PancakeSwap, you’re likely eligible!

Eligibility chart indicating User Category and the calculations for the airdrop distribution.
Eligibility chart indicating User Category and the calculations for the airdrop distribution.

The airdrop also extends to future contributors, encouraging more users to provide liquidity and trade on zkSync PancakeSwap. The PancakeSwap team emphasized that this airdrop is for both longstanding supporters and newcomers.

Quote from PancakeSwap Team:

“The zkSync airdrop is structured to reward both longstanding contributors who have supported our journey and newcomers who engage actively with PancakeSwap.”

How to Claim Your ZK Tokens

If you fall into the veCAKE holders or past contributor categories, you can claim your ZK tokens now! Here’s how:

  1. Connect your wallet to the PancakeSwap platform homepage.
  2. Follow the instructions in the pop-up notification.

Remember, any unclaimed tokens will be reinvested into the PancakeSwap ecosystem for future development and community projects. So, don’t miss out!

zkSync Developer Under Scrutiny: Matter Labs Responds to Allegations

In other news, Matter Labs, the team behind zkSync, recently addressed allegations of “insider minting” related to their Libertas Omnibus NFTs. Blockchain research firm SoEasy claimed that Matter Labs distributed NFTs to ineligible insiders.

Matter Labs clarified that there were no invalid mints and that the NFTs were legitimately acquired through interaction or by event attendees. This clarification aims to address concerns and maintain trust within the community.

In Conclusion

PancakeSwap’s airdrop of 2.4 million ZK tokens is a significant initiative to reward its community and boost engagement on the zkSync network. If you’re an active user of PancakeSwap, make sure to check your eligibility and claim your ZK tokens. This is a great opportunity to benefit from your participation in the PancakeSwap ecosystem. Stay tuned for more updates and developments from PancakeSwap as they continue to innovate and reward their community!

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Tags:

airdropPancakeSwapzkSync

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Dhaval

Dhaval

Author
Dhaval Aggarwal covers cryptocurrency markets and Web3 venture investing for BitcoinWorld. His reporting focuses on funding rounds, exchange listings, on-chain treasury activity, and the partnerships connecting crypto-native firms with traditional finance. Since joining the desk in 2023, he has tracked the deal flow behind major Layer-2 networks, Bitcoin treasury programs, and institutional adoption stories. He writes daily news pieces for active traders and longer analyses for readers following where the next cycle of crypto growth is heading.
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