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NOW ONNow, there's been a lot of drama around the ZK allocations, and I'm going to break it all down for you and discuss what the eligibility criteria was. But before I do that, I just wanted to mention that this is just the checker, and the actual claim is going live on June 17th, one week from today.
Just looking at this as a whole, I think that the token economics seem reasonable. But let's break down the 17.5% airdrop percentage and talk about why a lot of people are not happy. So this is the breakdown - 17.5% but it's only going to 695,000 eligible wallets which is relatively small compared to the total number of wallets that were farming this airdrop.
The other thing that has some people upset is that there's some kind of random criteria thrown in there. For example, they allocated a smaller percent of the supply to people that claimed some MemeCoin tokens on completely different networks for some reason, and then NFT collections, although that's part for the course these days so not super surprised that Pudgy Penguins and Meebits got those.
But this is what they have said. If they whittle down all of the wallets that had less than five transactions, that's just already automatically getting rid of half of the wallets in terms of eligibility. That's good for us. Then they're saying that any transaction that was sent below $1 in value is going to be dewed by 80% as well as anyone that sent valueless NFTs. Those transactions are going to be dewed.
Speaking of opportunity, I wanted to talk about Symbiotic.Finance right now because they just launched today. And this is a brand new airdrop farming opportunity. I want to preface this though by saying that for starters, you should do some research before aping in because it is brand new.
Q: What is the drama surrounding the ZK Sync Airdrop allocations?
A: There is a lot of drama around the ZK allocations, and the breakdown discusses the eligibility criteria. The actual claim will go live on June 17th.
Q: What is the tokenomics and eligibility criteria of the ZK Sync Airdrop?
A: The token economics seem reasonable. The 17.5% airdrop percentage is going to 695,000 eligible wallets, which some find to be a relatively small number compared to the total number of wallets involved.
Q: What are the issues with the ZK Sync Airdrop allocation?
A: Some people are upset about random criteria included in the allocation. For example, a smaller percent of the supply was allocated to those who claimed certain MemeCoin tokens on different networks, and some NFT collections received allocations as well.
Q: What are the Layer Zero eligibility criteria and the Sibbles issue related to ZK Sync?
A: Wallets with less than five transactions are automatically ineligible. Transactions below $1 in value are reduced by 80%, as well as transactions involving valueless NFTs.
Q: Are there exciting opportunities in the crypto airdrop world?
A: Yes, there are opportunities like Symbiotic.Finance, a new airdrop farming opportunity, that just launched. Research is recommended before participating in such opportunities.