PancakeSwap, a preeminent multichain decentralized exchange (DEX), has launched a substantial community reward program, set to commence on July 5 at 10:30 am UTC and conclude on August 5 at 10:30 am UTC.

In this ambitious initiative, PancakeSwap will distribute 2,452,128 zkSync (ZK) tokens to its community, recognizing their unwavering support for the zkSync PancakeSwap deployment since July 2023. This announcement follows PancakeSwap’s remarkable achievement of surpassing $3 billion in trading volume, $5 million in total value locked (TVL), and engaging over 1.9 million traders.

“The airdrop distribution is open to veCAKE Holders, Liquidity Providers, Active Traders, Traverse Campaign Participants, zkSync Prediction Users, and zkSync Gauge Voters who meet the eligibility requirements.”

ZK Airdrop Eligibility Criteria

The zkSync airdrop is designed to reward both historical and future contributors, alongside vote-escrowed Cake (veCAKE) holders.

Active users who have bolstered the platform through trading, liquidity provision, and participation in previous zkSync initiatives will qualify for the airdrop. Additionally, future contributors who provide liquidity and trade with zkSync PancakeSwap will also be eligible, fostering the platform’s expansion.

In a conversation with Cointelegraph, the PancakeSwap team elaborated:

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

How to Claim

The airdrop distribution is currently accessible to veCAKE holders and past contributor user categories.

To claim the ZK tokens, eligible users must connect their wallet to the PancakeSwap platform homepage and follow the pop-up notification guide. Unclaimed tokens will be reallocated to the PancakeSwap ecosystem for future development and community initiatives.

ZkSync Developer Under Fire

Matter Labs, the developer behind zkSync, has recently faced allegations of “insider minting” related to its Libertas Omnibus non-fungible tokens (NFTs).

These accusations, originally levied by blockchain research firm SoEasy on June 17, suggested that Matter Labs distributed the NFTs to ineligible insiders. In response, a Matter Labs representative clarified to Cointelegraph that “there were no invalid mints” and that the NFTs were legitimately acquired through interaction or by event attendees.