ZKsync, the Ethereum layer 2 rollup resolution constructed by Topic Labs, has disclosed the distribution minute print of its proposed ZK token airdrop that will build 17.5% of its token supply into the hands of the neighborhood.

The ZK token may presumably maybe occupy a maximum supply of 21 billion tokens, of which, 3.67 billion tokens shall be airdropped to customers and early contributors of the protocol, essentially based on token allocation documents shared with Unchained.

The protocol claims that an allocation of this dimension to 695,232 wallets may presumably maybe be the best distribution of tokens to customers amongst main layer 2 networks and dubs its distribution “the mom of all drops.”

It is value noting that these tokens shall be liquid on day one, with out being subject to any vesting or lock up periods. The amount of airdropped tokens is additionally better than the 16.1% of supply earmarked for the Topic Labs crew and 17.2% to be dispensed to merchants — these tokens shall be locked for the main year, after which gradually be launched between June 2025 and June 2028.

“Awarding extra tokens within the airdrop than to the Topic Labs crew and merchants is bigger than a symbolic decision for the neighborhood,” said the ZKsync crew.

“When the ZKsync governance machine launches within the approaching weeks, the neighborhood may presumably maybe occupy the best supply of liquid tokens to negate protocol governance upgrades.”

Around 89% of the airdropped tokens will experience to ZKsync customers, and 11% will experience towards folks, communities and companies that contributed to the ecosystem, no subject their dispute. Community contributors shall be in a space to reveal from subsequent week, while contributors can reveal from June 24.

In dispute in self assurance to be eligible for the airdrop, customers of ZKsync Generation will deserve to occupy either interacted with 10 tidy contracts, deposited liquidity into a DeFi protocol, initiated 5 transactions using a paymaster, traded 10 ERC-20 tokens or withhold a Libertas Omnibus NFT. ZKsync Lite customers shall be assessed consistent with whether or no longer they donated to a Gitcoin funding round or transacted in no lower than three months sooner than the ZKsync Generation mainnet modified into launched. A snapshot of particular person dispute modified into taken on March 24, 2024, which marked the one-year anniversary of ZKsync Generation mainnet launch.

Last week, Unchained reported that a 10% airdrop from ZKsync also can translate to a staggering $1.32 billion market capitalization, which is nearly double ZKsync’s most traditional TVL, consistent with pre-launch market prices of $0.63 per token on perpetuals platform Aevo.

Now, the pre-market launch stamp stands at $0.66 per token, which would build ZKsync’s airdrop at a stamp of $2.42 billion.