PancakeSwap, the prominent cryptocurrency exchange, launches an airdrop of 2.4 million ZK tokens to its users, rewarding holders of VeCAKE and past supporters alike.
In Brief
In a generous move, PancakeSwap, the well-known crypto exchange, will be sending out 2.4 million ZK tokens to its user base, recognizing both those who have contributed over time and fresh arrivals to the platform.
Decentralized exchange (DEX) PancakeSwap The plan is to distribute approximately 2.4 million ZKsync ZK tokens through an airdrop aimed at the PancakeSwap community. The goal of this initiative is to acknowledge loyal contributors as well as incentivizing new users who get involved in PancakeSwap's ecosystem.
The airdrop's allocation includes 26.5% specifically for holders of veCAKE. Of the total 27% reserved for past contributors, liquidity providers are set to benefit from 15.5%, while active traders will receive 10.5%, participants of the Traverse Campaign 0.97%, users of Zsync Prediction 0.02%, and those voting in the ZKSync Gauge will obtain 0.01%. Looking ahead, 46.5% of the airdrop is earmarked for future contributors, with liquidity providers capturing 36.5% and active traders receiving 10% of that share.
Currently, only veCAKE holders and previous contributors can tap into this airdrop. Those contributing in the future will have to wait for their share. To claim ZK tokens, users must connect their wallets via the PancakeSwap homepage and follow the claims process. The claiming period runs from now until 10:30 UTC on August 5th.
PancakeSwap is stepping up its game with ZKsync integration, drawing in over 1.9 million traders in the process.
PancakeSwap This decentralized finance (DeFi) platform not only enables users to trade cryptocurrencies but also allows them to earn rewards through staking, yield farming, participate in lotteries, and vote on governance matters. Built on the Binance Smart Chain, PancakeSwap prioritizes swift transactions and low costs.
Over the past year, PancakeSwap has made significant strides by introducing essential features such as smooth swaps, yield farming, prediction markets, fiat on-ramps, and a position manager, among others. These upgrades have propelled the platform to impressive milestones, including a trading volume exceeding $3.6 billion and a total value locked (TVL) of $5.8 million, all while attracting a vibrant community of more than 1.9 million traders. ZKsync ZKsync operates as a Layer 2 protocol on Ethereum, delivering scalable and efficient payment solutions leveraging zero-knowledge rollup technology. Developed by a dedicated team, the platform is designed with a strong focus on user experience. Its token was launched in June and made available to early users and contributors. Afterward, the token secured listings on major crypto exchanges like Binance, Bybit, Cryptocurrencylistings.com, and KuCoin.
As a reminder, the information on this page should not be interpreted as legal, tax, investment, or financial advice. Always invest only what you can afford to lose and consider seeking independent financial guidance if you're uncertain. For more detailed information, we encourage you to review the terms and conditions as well as the support resources provided by the issuer or advertiser. At MetaversePost, we strive for accuracy and impartiality in our reporting, but please understand that market conditions can shift without prior notice. Matter Labs Alisa, a passionate journalist at Metaverse Post, dedicates her work to covering topics in cryptocurrency, zero-knowledge proofs, investment strategies, and the vast world of Web3. With a sharp eye for trends and innovations, she offers in-depth analysis to keep readers well-informed in the fast-paced landscape of digital finance. via airdrop In a collaboration, Enso, LayerZero, and Stargate team up to facilitate one of the most significant liquidity migrations in Ethereum's history to Unichain.
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