PancakeSwap, a popular multi-chain decentralized exchange (DEX), has recently announced a community reward program set to run from July 5 to August 5. This initiative aims to show appreciation to the community members who have been supporting the zkSync PancakeSwap deployment since July 2023. In total, over 2.45 million zkSync (ZK) tokens will be distributed as part of this reward program.
The airdrop is not only intended for longstanding contributors but also for newcomers who actively engage with PancakeSwap. According to the official blog post, veCAKE holders and past contributors are eligible to participate in the airdrop. To claim their ZK tokens, users need to connect their wallet to the PancakeSwap platform homepage and follow the instructions provided in the pop-up notification.
Any unclaimed tokens will be reallocated within the PancakeSwap ecosystem for future development and community projects. The exchange’s team highlighted the progress made since launching on zkSync Era, an Ethereum layer-2 network, last summer. Key features such as seamless Swaps, Yield Farming, Prediction Markets, Fiat On-Ramp, Position Manager, and Syrup Pools have been implemented during this time.
These efforts have contributed to PancakeSwap surpassing $3 billion in trading volume, hosting millions in total value locked (TVL), and attracting over 1.9 million traders. The team emphasized their commitment to nurturing a vibrant community and rewarding users for their loyalty to the platform.
The ZK token airdrop serves as a token of appreciation for the community’s support and engagement. PancakeSwap encourages all users to actively participate in this opportunity to benefit from the airdrop and contribute to shaping the future of decentralized finance (DeFi) with the platform.
As an additional opportunity for users, a special offer is available at Binance for a $600 exclusive welcome offer by registering through a specific link. Additionally, BYDFi Exchange is offering up to $2,888 as a welcome reward, allowing users to open a 100 USDT-M position for free by registering through a designated link.
These incentives further highlight the growing opportunities within the cryptocurrency and decentralized finance space, offering users various ways to participate and benefit from the evolving landscape. PancakeSwap’s community reward program and the accompanying special offers aim to engage users and foster continued growth within the DeFi ecosystem.