ZKsync Airdrop: Is it better than the Arbitrum Airdrop?
Why should you consider zKsync Airdrop?
zkSync is a technology that helps make transactions faster and reduces fees on the Ethereum network. It’s a type of solution called a layer-2 scaling solution.
There are two compelling reasons to participate in the zkSync airdrop:
- Firstly, zkSync has raised a significant amount of capital, totaling $458 million. This indicates the potential for a larger airdrop due to the increased capital.
- Secondly, there is still plenty of time to complete the necessary tasks for the airdrop. The ZKS token is not expected to launch for another year, allowing participants ample time to carry out the required actions.
ZKsync Airdrop: How to be eligible for the ZKsync Airdrop?
zkSync has secured an impressive $458 million in funding from renowned investors including Blockchain Capital and Dragonfly Capital. They have indicated plans to introduce their own native token in the future. By engaging with their mainnet and testnet now, users may increase their chances of qualifying for an airdrop when they eventually launch their token.
zkSync is made up of two networks: the zkSync Lite network and the zkSync Era mainnet. If you want to have a chance at receiving the airdrop, you’ll need to engage with both networks. This involves tasks like sending ETH to zkSync Era and zkSync Lite, transferring funds between them, exchanging assets, adding liquidity, and creating NFTs.
To have a chance at receiving the zkSync ($ZKS) token airdrop, follow these steps:
1. Add zkSync Era Alpha Mainnet to your MetaMask wallet.
The following are the steps to connect zkSync Era alpha mainnet to your MetaMask:
- Open your MetaMask wallet and click on the network button.
- Select “Add network” to add zkSync Era Mainnet.
- Choose the option to “Add a network manually”.
- Enter the following information:
- Click “Save” to add the zkSync Era Mainnet to your MetaMask wallet.
2. Transfer your funds to both zkSync Lite and zkSync Era Mainnet through the bridge.
The following are the steps to bridge funds from Ethereum Mainnet to zkSync Era Mainnet:
- Go to bridge.zksync.io and connect your wallet.
- Select the amount of funds you want to bridge and click “Deposit”.
- Confirm the transaction and wait for the bridge process to complete.
- If you want to swap back to Ethereum Mainnet, click the arrows to switch the direction.
- Choose the amount you wish to bridge back to Ethereum and click “Withdraw”.
3. Engage with zkSync Lite and zkSync Era Mainnet Alpha by interacting with their features.
Following are the ways to interact with zkSync Lite:
- Connect your Layer 1 (L1) ETH wallet on zkSync Lite.
- Once connected, you can deposit ETH or USDT to transfer your balances from L1 to zkSync Lite.
- Alternatively, you can withdraw your funds from zkSync Lite back to L1.
4. Explore and participate in the wider zkSync ecosystem.
The zkSync ecosystem offers various protocols to enhance your chances of receiving a potential zkSync airdrop and increase your rewards. By interacting with these projects, you can maximize your engagement and potential benefits within the zkSync ecosystem. Here are some top projects within the ecosystem:
- Orbiter Finance
- ZigZag Exchange
- Onchain Trade
- iZUMi Finance
- ZkSync Name Service
5. Accomplish quests on zkSync’s Crew3 platform.
The following are the steps to accomplish quests on zkSync’s Crew3 platform:
- Visit zkSync’s Crew3 Questboard.
- Complete quests on the Questboard.
- Tasks may include
- Following zkSync on social media platforms.
- Reading zkSync articles.
- Taking quizzes.
Note that there hasn’t been an official announcement for a zkSync $ZKS token airdrop, but it is highly likely to happen considering the success of the Arbitrum airdrop.
Projects to look for on the zkSync mainnet
There are a few projects on the zkSync mainnet that could increase your chances of receiving a zkSync airdrop, including:
- SyncSwap: It is a trading platform on zkSync Era that offers a user-friendly and cost-effective experience.
- Goal3: This decentralized sportsbook on zkSync Era allows you to bet on European soccer leagues and other sports. By making transactions on Goal3, you can increase your chances of receiving a zkSync airdrop.
- rhino.fi: It offers a bridge and self-custodial Layer 2 wallet.
- Velocore: This project focuses on rewarding users for liquidity provision and aims to drive innovation within the zkSync era. Velocore plans to introduce a lending market and support other builders, creating robust financial tools for the DeFi landscape.
ZKsync Airdrop: Is it better than the Arbitrum Airdrop?
Let’s analyze a recent tweet from Crypto Stream that claims the ZkSync airdrop to be better than the Arbitrum airdrop.
In one tweet, a pessimistic scenario is presented where market conditions during the airdrop are expected to be unfavorable. The Total Value Locked (TVL) is stated to be $500 million and the Fully Diluted Valuation (FDV) is $1.5 billion. Based on these figures, the calculated airdrop amount is $990 million. On average, it is estimated that every wallet will receive $600 for their airdrop in this pessimistic scenario.
Another tweet presents an optimistic scenario where market conditions during the airdrop are assumed to be great. The TVL is mentioned as $1 billion and the FDV as $6 billion. With these numbers, the calculated airdrop amount is $3.96 billion. On average, each wallet is anticipated to receive $2300 for their airdrop in this optimistic scenario.
The tweet further explains why the ZkSync airdrop could be even better. It mentions that the calculations were based on 1.7 million addresses, but highlights that the actual number of qualifying addresses will be lower due to filtering out sybil wallets (fake or duplicate accounts) and other criteria. This implies that with fewer addresses qualifying for the airdrop, each individual address may receive a larger amount of the airdrop.
Comparing it to the Arbitrum airdrop, the tweet states that the TVL for Arbitrum is stated as $3.9 billion and the FDV as $12 billion. The calculated airdrop amount for Arbitrum is mentioned as $1.4 billion. On average, each wallet participating in the Arbitrum airdrop is expected to receive $2239. It is also noted that after filtering, only 600k addresses qualified for the Arbitrum airdrop.
To conclude, the tweet suggests that the ZkSync airdrop has the potential to be more favorable compared to the Arbitrum airdrop. The calculations were based on 1.7 million addresses, but it is mentioned that the actual number of qualifying addresses will be significantly lower due to filtering out sybil wallets (fake or duplicate accounts) and other criteria. This means that with fewer addresses qualifying for the airdrop, each individual address may receive a larger amount of the airdrop.
Also Read: Arbitrum Price Prediction
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.
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