PancakeSwap recently announced the launch of an exciting airdrop campaign for its users. The campaign kicked off on July 5th at 10:30 AM UTC and will run until August 5th at the same time. During this period, users and governance participants who have been actively using and overseeing the multichain DEX platform will be rewarded with ZK tokens.
Since the deployment of the platform on the zkSync layer 2 a year ago, PancakeSwap has seen significant growth in its metrics. The trade volume has surged to $3.6 billion, the total value locked (TVL) stands at $5 million, and the trade count has reached 1.9 million. In total, 2,452,128 ZK tokens have been allocated for the airdrop event.
The airdrop distribution is open to various participants, including veCAKE Holders, Liquidity Providers, Active Traders, Traverse Campaign Participants, zkSync Prediction Users, and zkSync Gauge Voters who meet the eligibility requirements. The distribution of tokens will be based on the level of engagement of each participant with the platform.
Of the total tokens to be airdropped, 26.5% is reserved for veCAKE holders, 27% for past ecosystem contributors, and 46.5% for future contributors. This distribution strategy aims to reward both longstanding supporters of PancakeSwap and newcomers who are actively engaging with the platform.
In a statement, PancakeSwap emphasized the importance of its community in driving the growth of the ecosystem. The platform values the contributions of all users, whether they have been with PancakeSwap since the beginning or are just joining. The participation of users is crucial for the continued success and development of the platform.
To receive their share of the airdrop, eligible users must connect their wallet to the airdrop campaign on the platform and follow the provided instructions. Users who fail to complete this process will not receive their tokens, and the unclaimed tokens will be allocated to the PancakeSwap treasury for future projects and developments.
Overall, the ZK token airdrop by PancakeSwap presents an exciting opportunity for users to be rewarded for their loyalty and engagement with the platform. The campaign aims to incentivize continued participation and support from the community, highlighting the platform’s commitment to its users and the growth of its ecosystem.