According to the latest development, ZkSync plans to hold a token creation event (TGE) this week and distribute an airdrop in mid-June.
ZkSync, an Ethereum Layer 2 network developed by Matter Labs, is reportedly preparing for its token generation event (TGE) this week, according to some sources within the project. The launch of the token, which includes an airdrop, is expected within 30 days after TGE. The token will have a total supply of 21 billion tokens.
The company is currently targeting June 13 for the airdrop, aiming to act ahead of Blast’s token airdrop scheduled for June 26. ZkSync has expressed interest in the ZK ticker for its token. However, since Polyhedra Network already claimed this ticker, some problems arose. Despite this, ZkSync may prefer the ZK ticker, especially considering that Binance does not list Polyhedra’s token.
A Matter Labs spokesperson said, “zkSync is currently in the process of becoming decentralized. “There is no finalized plan at this time.” said.
Last week, ZkSync announced an upcoming upgrade to accelerate the decentralization of its protocol, hinting at a token launch and airdrop by the end of June. “The upcoming release of v24 is the last planned protocol upgrade needed before handing over network management to the community,” ZkSync said in a statement last week.
Matter Labs, the developer behind ZkSync, has received support from well-known investors such as Andreessen Horowitz (a16z), Dragonfly Capital, Blockchain Capital, Crypto.com Capital, Placeholder Capital and 1kx. The project raised a total of $258 million in venture funding and also created an ecosystem fund of $200 million.
*This is not investment advice.
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