PancakeSwap Revealed Airdrop of 2.45M ZK Tokens; Who’s Eligible?

Unlocking Rewards: PancakeSwap's ZK Token Airdrop Details

PancakeSwap, the decentralized finance (DeFi) platform functioning across multiple blockchains, has disclosed a substantial rewards program for its users. This program is set to begin on July 5 at 10:30 am UTC and will conclude a month later, on August 5 at the same time.

In a gesture of appreciation for its community, the platform shared the airdrop news in a blog post along with sharing the eligibility criteria and process to claim the airdrop. 

Source: X

For the community’s support and participation since the July 2023 integration of zkSync (ZK), PancakeSwap is poised to distribute 2,452,128 ZK tokens via an airdrop. The platform initiated the offering after achieving significant milestones of $3 Billion in trading volume, $5 Million in total value locked (TVL), and over 1.9 Million total traders. 

According to CoinmarketCap, the ZK token was trading at  $0.145 with a market cap of $533,160,298 and $267,677,796 in 24-hour volume. In a day, the token dropped from $0.1634 to $0.1454, indicating an intraday of 11.02%.  

Vote-escrowed Cake (veCAKE) holders, Past contributors, and Future contributors are on the priority list of the platform   

Eligibility and Claiming Process 

PancakeSwap's ZKsync airdrop is designed to acknowledge the dedication of its long-term supporters as well as to incentivize new participants who actively engage with the platform. The distribution of ZK tokens is aimed at rewarding both historical and prospective contributors, including those holding veCAKE.

Participants who have been active on the platform by trading, adding liquidity, or taking part in past zkSync activities will qualify for the airdrop. Additionally, the airdrop will recognize individuals who will contribute to the platform's expansion by providing liquidity and trading on the zkSync-enabled platform.

Users can link their qualifying wallets to the website to retrieve their ZK tokens. Unclaimed tokens within the designated timeframe will be redirected back into the PancakeSwap ecosystem for future use.

Moreover, the platform established a partnership with Allora Network to introduce an Artificial Intelligence (AI) powered prediction market on Arbitrum. The new market will offer AI-driven price feed data using Allora's machine-learning capabilities. 

The initiative will help the PancakeSwap users in predicting Ethereum (ETH) price shifts on Arbitrium. 

Conclusion

PancakeSwap is set to reward its community with a significant airdrop of 2.45 million ZK tokens, recognizing both long-standing and new contributors to the platform. Eligibility extends to veCAKE holders, active traders, and liquidity providers, with a straightforward claiming process via the PancakeSwap website. This initiative coincides with the platform's impressive trading milestones and is complemented by a new AI-powered prediction market in partnership with Allora Network.