Crypto airdrop is a marketing method employed by startups in the cryptocurrency space. It involves delivering tokens to the wallets of current cryptocurrency traders, either for free or in exchange for completing simple tasks. The main purpose of airdrops is to increase the visibility, adoption, and circulation of new tokens, as well as to reward loyal supporters.
They can also provide you with some extra income or exposure to potential gains. However, they also come with some risks and challenges that require careful attention and research. By following these tips, you can position yourself for crypto airdrops and enjoy their benefits safely and smartly.
Zksync is a layer-2 scaling solution for Ethereum that aims to improve the speed and lower the cost of transactions on the network. Zksync uses zero-knowledge proofs (ZKPs) to ensure the security and validity of transactions without relying on the main chain.
Tekedia Mini-MBA edition 16 (Feb 10 – May 3, 2025) opens registrations; register today for early bird discounts.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
One of the features of Zksync is that it allows users to create and manage their own tokens on the layer-2 platform. These tokens are compatible with the ERC-20 standard and can be transferred and exchanged on Zksync with minimal fees.
To incentivize the adoption and usage of Zksync, the team behind it has announced an airdrop of its native token, ZKS, to users who have interacted with Zksync in the past or will do so in the future. The airdrop will distribute 10% of the total supply of ZKS, which is 1 billion tokens, to eligible participants.
The eligibility criteria for the airdrop
Users who have made at least one transaction on Zksync before December 1st, 2021, will receive a share of 5% of the total ZKS supply. Users who have made at least one transaction on Zksync between December 1st, 2021, and May 31st, 2022, will receive a share of another 5% of the total ZKS supply. Users who have registered an account on Zksync and verified their email address before May 31st, 2022, will receive a bonus of 10 ZKS.
The distribution of ZKS will be proportional to the number and value of transactions made by each user on Zksync. The more transactions and the higher the value, the more ZKS one will receive. The exact formula for calculating the amount of ZKS for each user will be announced later by the team.
The airdrop will take place in June 2022, after the launch of Zksync 2.0 and ZkEra in 2023, which will introduce smart contracts and decentralized applications (DApps) on the layer-2 platform. Users will be able to claim their ZKS tokens using their existing Zksync accounts or wallets.
Zksync airdrop is an opportunity for users to benefit from the growth and development of one of the most promising scaling solutions for Ethereum. By using Zksync, users can enjoy faster and cheaper transactions while supporting the security and decentralization of Ethereum.
How Can You Position Yourself for Crypto Airdrops?
Stay informed: The first step is to stay updated on the latest news and developments in the crypto space. You can follow reputable sources such as CoinDesk or Investopedia, subscribe to newsletters such as The Airdrop or The Node, or join communities such as Reddit or Telegram.
Do your research: The second step is to do your own research on the projects and tokens that interest you. You can check their websites, whitepapers, social media accounts, or forums to learn more about their vision, team, roadmap, partners, etc.
Be prepared: The third step is to be ready for any opportunities that may arise. You should have a wallet that supports multiple cryptocurrencies and tokens, such as Trust Wallet or MetaMask. You should also have some funds in popular cryptocurrencies such as ETH or BNB that may be required for some airdrops.
Be careful: The final step is to be cautious and vigilant when participating in crypto airdrops. You should never share your private keys or passwords with anyone or send any funds to unknown addresses. You should also verify the legitimacy and security of any website or app that asks you to claim or perform tasks for an airdrop.
Why Are Crypto Airdrops Issued
Crypto airdrops are issued for various reasons, but they all serve the same goal: to promote the new token and its project. Some of the benefits of issuing airdrops are:
Increasing awareness: Airdrops can generate buzz and attention for the new token and its project. By giving away free tokens, the project can attract more users and investors who may be curious about its features and potential.
Building community: Airdrops can foster loyalty and engagement among the existing and potential supporters of the new token and its project. By rewarding users for holding or performing tasks, the project can create a sense of belonging and participation among its community members.
Distributing supply: Airdrops can help distribute the supply of the new token more evenly and fairly among the public. By giving away tokens to a large number of users, the project can avoid concentration of power and wealth among a few early investors or insiders.
Boosting liquidity: Airdrops can increase the liquidity and trading volume of the new token on exchanges and platforms. By giving away tokens to users who may want to sell or trade them, the project can create more demand and supply for its token in the market.