The zkSync airdrop was found to be 'troublesome'. There were 12,000 uninteracted addresses but there were airdrops?

Compiled by: Felix, PANews

Editor's note: Crypto KOL Crypp issued an article questioning zkSync airdrops, including that airdrops are too centralized, projects in the ecosystem receive airdrops, and wallets without transaction records also meet the standards . It is recommended to re-airdrop and redraft the airdrop list.

You didn’t get the zkSync airdrop? I know who took your tokens.

1) First, one of the strongest standards is “depositing liquidity into DeFi protocols”. This amplifier added tens of thousands of ZK tokens.

As a result, on November 19, 2023, the TVL of the zkSync Era Network unexpectedly increased by $44 million (from $106 million to $150 million). Then over the next 3 months, only $17 million was added. On January 9, 2024, TVL was reduced by $40 million ($167 million to $127 million). Is this just a coincidence?

#2) Another criticism regarding airdrops is that wallets without transactions are also eligible for airdrops. There are 12,725 such wallets in total. Some of them met ridiculous criteria, such as "Hold a Fat Penguin or Milady Maker NFT" and "Claim BONSAI Season 1 Airdrop," while some wallets were completely empty with no transactions whatsoever (0x65f8dfc419b418ae82f289059d038428d038cd9a).

3) Finally, there is “decentralization”. ZKsync frequently mentions "community" and "decentralization." However, 71,538 wallets received 15.6% of the total token supply (a total of 17.5% was allocated to airdrops). In other words, there is no decentralization in airdrops. A large number of tokens will be in the hands of a small group of people.

In addition, the distribution of tokens is also very strange, with the exchange address Bybit receiving 52,816 tokens and Orbiter Finance receiving 5151 tokens. Some of the larger projects in the ecosystem, including WOOFi, Element NFT Marketplace, zkApes, Rollup.Finance, and zkPEPE, did not receive token allocations.

zkSync had enough time to do some quality wallet checking, but they decided to do things their own way and even refused Nansen's help. The most anticipated projects of the past two years performed worse than startups that did not receive any funding.

Some people spread rumors that KOLs received a large number of airdrops, but the author stated that he had participated since the first testnet and only received 1,155 tokens. And among more than 50 long tweets, the author was invited to participate in the ZK Success program, where the main reward is a character (without any reward).

In this case, the best solution is to reschedule the airdrop and modify all airdrop lists to completely correct all errors. Additionally, the team should respond head-on to all questions. What are these wallets with no transaction activity on zkSync? Who deposited $40 million into the network? How many qualified wallets does @gluk64 (zkSync founder) have? (The author believes there are 12,725).

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