Ethereum Layer 2 project ZKSwap will airdrop 80 million ZKS tokens to Layer1 and Layer2 ZKS holders.
According to the project team’s medium, in order to promote Ethereum users’ awareness of layer2, and attract more users to migrate to ZKSwap’s Layer2 to experience zero gas fee, real-time transfer, and AMM swap services, they have decided to conduct 1:1 airdrop to all users who hold ZKS in layer1 (exchanges or independent wallet addresses), ZKSwap layer 2 or ZKSwap Proof-of-staking contract. The tokens for this airdrop will come from the allocation for long-term incentives. The snapshot for the airdrop will be taken at 10:00 am February 25, 2021, Beijing time.
ZKSwap was officially launched on 14th February 2021, performing well on chain at the very beginning.
And the token airdrop program was announced on 20th Feb, soon its volume, transactions, users, and ZKS token price have experienced a great boost.
Its 7d volume reached $109.23M with a 100.31% growth, making it No.12 among all the decentralized exchanges. The 7d transactions increased by 312.76%. The 7d users increased by 395.21%.
(The black dot line represents $ZKS token price.)
$ZKS token price went up by 281.8% in the past 7 days, showing a close correlation with its on-chain data.
We’ve introduced ZKSwap as an alternative to Uniswap on Ethereum Layer 2 in our New Dapp article before. If you’ve tried the project at that time and own ZKS on the testnet, you will be happy with the token airdrop now. ZKSwap is a token swap protocol with AMM function built on Ethereum Layer 2 Ropsten testnet. Through ZK-Rollup technology, it realizes the full set of Uniswap functions on Layer 2 of the Ethereum network.
No gas fee is its greatest feature. Liquidity providers and users on Ethereum might be frightened by the high gas fee there. Not anymore here on Layer 2. No need to pay high gas fees will greatly reduce the threshold for use.
For DEX, How to connect with MetaMask and use ZKSwap app on Ethereum mainnet?
Set up the MetaMask explorer extension wallet and select “Ethereum Mainnet”
Go to ZKSwap’s L2 wallet page;
Click “Connect Wallet” to connect to your MetaMask wallet and then click “Unlock Wallet”. After you click “Unlock Wallet”, ZKSwap will automatically open up a ZKSwap L2 wallet for you, so that you can see your L2 asset on your dashboard.
You will need to deposit your tokens to L2 wallet in order to swap to ZKS as the airdrop is to ZKS holders. To Deposit, click “Deposit” on the L2 Wallet page, select the asset you want to deposit to layer-2, enter in the amount, and click “Confirm”.
Confirm the Metamask popup, then the deposit completes. Wait a while, and the asset will appear on your L2 wallet dashboard.
Now click on the L2 Swap, choose ZKS as the output token and click Swap. You will see your asset in the dashboard. Now you own your ZKS already and just wait for the airdrop on 25th Feb!
Note: The minimum deposit value to L2 is 50 ZKS, or 200 USDT (L2 transfer requires a minimum balance of 50 ZKS or 200 USDT); The value of one swap transaction has to be no less than 10 USDT. Adding liquidity value has to be no less than 10 USDT each time.
Does ZKSwap charge any transaction fees? Yes, it will charge 0.3% of all layer-2 swap transactions as the transaction fee. Among them, 0.25% will be automatically allocated to the liquidity provider, and the other 0.05% will be used as the protocol fee. All protocol fees (100%) will be used to buy back ZKS regularly, the ZKS obtained will be directly destroyed, and ZKSwap officials will not receive any transaction fees.
Huobi has already launched ZKS (ZKSwap) in Inno Hub on February 18th, together with 2 ZKS campaigns. We’ve also collected the campaign information here for your convenience.
Campaign I: Trade ZKS To Share 150000 ZKS
From 19th February to 28th February
1. KYC-verified users who have a daily trading volume of at least 60 ZKS (buy+sell, excluding self-transaction) from Feb 19th to Feb 28th can share rewards at 14:00 (UTC+8) the day after every trading day.
2. In 10 consecutive days, 150 lucky users will be drawn every day to receive 50 ZKS per person. A total of 1500 users will win the lucky draw.
3. The remaining users who meet the trading requirements equally share 7500 ZKS daily.
4. The total prize pool of the Lotto event is 150000 ZKS.
Campaign II: ZKS Stake To Earn
1st Round: from 16:30, February 18th to 16:30, February 21st, 2021 (UTC+8)
2nd Round: from 20:00, February 25th to 20:00, February 28th, 2021 (UTC+8)
MXC.com will Support ZKS Airdrop for ZKS Holders. ZKSwap will conduct a 1:1 airdrop to all ZKS holders at 10:00 on Feb 25, 2021 (UTC+8). MXC.com will support this airdrop.
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