PancakeSwap Rolls Out zkSync Airdrop Reward Initiative Targeting Past and Future Contributors

PancakeSwap, the prominent multichain decentralized exchange (DEX), is rolling out a significant community reward initiative starting July 5 at 10:30 am UTC

PancakeSwap, a prominent multichain decentralized exchange (DEX), is rolling out a significant community reward initiative starting July 5 at 10:30 am UTC

is launching a significant community reward initiative at 10:30am UTC that will end on August 5th at 10:30am UTC. Will airdrop 2,452,128 zkSync (ZK) tokens to its community. This initiative started from July 2023.

Under this initiative, the past contributors and vote-escrowed CAKE (veCAKE) holders will be honored through airdrop. This especially includes those who played a key role in the launch of the zkSync PancakeSwap DEX.

Eligible participants for this airdrop include veCAKE holders, liquidity providers, active traders, Travers campaign participants, zkSync Prediction users, and zkSync Gauge voters who Meet specific eligibility criteria.

The PancakeSwap team said about this airdrop, “This zkSync airdrop is designed to support both long-time supporters of our journey and active newcomers to PancakeSwap. "

Active users who have been making significant contributions through trading, liquidity provision, and participation in previous zkSync initiatives will find themselves eligible for this airdrop. Additionally, PancakeSwap is also incentivizing future contributions by giving airdrops to those who provide liquidity and trade on zkSync PancakeSwap. This aims to further strengthen the development of the platform.

To claim their ZK tokens, eligible users need to connect their wallet to the PancakeSwap homepage and follow the pop-up notification guide. Any unclaimed tokens will be sent back to the PancakeSwap ecosystem, allocated towards future development and community-driven initiatives.

Meanwhile, Matter Labs, the team behind zkSync, recently dismissed allegations of “insider minting” regarding the sale of its Libertus Omnibus Non-Fungible Token (NFT). The allegations, made by blockchain research firm Soeji on June 17, state that Matter Labs distributed NFTs to unqualified insiders.

​​However, a representative for Matter Labs clarified that “no illegal minting took place.” And all NFTs were obtained legally either through interactions with the platform or by event attendees.

Also Read: ZKsync launches 'Elastic Chain' to counter AggLayer

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