zkSync Airdrop: Is zkSync a Scam?

Last updated:06/17/2024

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When ZKSync announced its token airdrop, the eligibility requirements caused a lot of anger, ranging from ZKscam to the best layer 2 solution.

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ZKSync is a well-known layer 2 solution that provides superior and faster transaction times compared to Ethereum and other networks. It already disclosed the specifics of its ZK airdrop, which is currently a hot topic among cryptocurrency investors. To express their dissatisfaction with the network, users have substituted ZKscam or ZKSync Scam for ZKSync in the name.

Let’s talk about the history of the ZKscam and ZKSync Scam in this blog.

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Why Did ZK Airdrop Become ZKscam?

After years of anticipation, ZKSync finally announced the ZK token airdrop on June 11th, bringing joy to its 7 million members. Using a one-of-a-kind airdrop contract with stringent eligibility requirements, the ZK rollup-equipped network has chosen to distribute its tokens to only 695,232 wallets. According to this, everyone must engage in extensive network activity, exchange a minimum of ten ERC 20 tokens, connect with the network over an extended period of time, and more.

ZKSync Eligibility Criteria

Limitations on approvals cause wallets to be rejected even when individuals meet certain standards. Only a select few will be able to take part in this airdrop, as the community is only 7 million strong. After being let down by the network, the rest of them refer to it as the ZKscam.

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Trends Of ZKscam (ZKSync Scam) On X

The disappointed investors have decided to vent their frustrations on X, the social media network formerly known as Twitter, by tagging ZKscam or ZKSync Scam. For days, these hashtags have been trending, and thousands of people have taken to Twitter to comment on this injustice.

Someone mentioned that they meet all the criteria, have traded over $100,000 on the network, and have paid more than $100 in petrol fees alone. He expressed his dissatisfaction with this airdrop while also mentioning his three-year usage of the network.

A lot of people have pointed out that this network’s reputation has changed from being the greatest L2 solution to being a ZKSync scam.

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Why Does This ZK Airdrop Matter?

The long-awaited introduction of the ZKSync token has finally taken place, fueling the anticipation surrounding it. And for ZKsync customers, the holding is significant because of the many capabilities it offers. Known as the protocol token, this ZK coin gives its holders a say in whether or not the network is upgraded. Even more crucially, the native ZKSync account abstraction will pay for the network tolls.

The list of features doesn’t stop there, though; the governance-driven protocol also allows users to develop ZK that include staking features. When it comes to coordinating and interacting with the network, it is a major tool. For this reason, taking part in the ZK airdrop is absolutely essential.

Despite the network clarifying the reasoning for this restriction on wallets to spread extensively across main rollups, some are still calling it a scam.

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