"New Low" for
@zksync
ScamERA: The Biggest Airdrop SCAM in Crypto I think it's no longer news to anyone that teams distribute tokens to themselves through airdrops. ZkSync has taken this practice further than anyone else
@gluk64@frogmonkee@Ozhar@TrustlessState#zksyncscam
@TrustaLabs I'm in the top 1% of TrustLabs media score With 92% but not eligible. No would care how much LP is in your chain if there are no people generating volume. Lp and volume both are important for any chain. Monthly, weekly , daily so all this volume was for nothing?
I'm just curious....
The criteria for entering the initial screening pool for zksync's allocation are relatively lenient.
However,the rigorous mathematical method aims to identify real users among over 6 million addresses and transactions in the era, setting itself apart from industry standards like wallet monthly activity, transaction volume, or the number of transactions (simplified as MEDIA Score). Instead, it relies on a similar "assets retention" mechanism found in DeFi deposit projects, excluding over 90% of user addresses?
While the intentions in adopting such a strict method are admirable, it is crucial to ensure that the process are equitable and transparent. Otherwise, whether the measures intended to protect the system ultimately will undermine its core values and integrity?๐ค
Open Letter to the zkSync Era Team Regarding the $ZK Token Airdrop Allocation
Dear @zksync, @gluk64, @Ozhar and the @bankless team @RyanSAdams@TrustlessState
We are writing to express our deep disappointment and concern regarding the exclusion of @zkerafi from the $ZK token airdrop allocation for protocols. Our protocol, which launched nearly a year ago on @zksync, was founded on the promise made by former zkSync team members that building on this network would be rewarded.
However, the current allocation approach appears to contradict this commitment, leaving our project and our dedicated users marginalized.
One of the most troubling aspects of this situation is the exclusion of our usersโ transactions from the rewards.
We have users who have deposited over $10,000 in LP on @zkerafi who are not eligible for the airdrop, while users who deposited as little as $10-$20 worth of LP on @syncswap are eligible. Additionally, users who generated hundreds of thousands of dollars in volume on our perpetual DEX have seen their transactions ignored, whereas those conducting $10 swaps on @syncswap were rewarded. This disparity effectively renders @zkerafi users as second-class citizens within the same network, devaluing their transactions and undermining their contributions.
Moreover, as one of the first projects on @zksync to implement Account Abstraction and Paymaster, we have consistently demonstrated our commitment to innovation and the networkโs growth.
It is disheartening to see that despite our pioneering efforts and substantial contributions, our project is overlooked in favor of others. Notably, projects like @sophon , an unlaunched protocol unrelated to zkSync Eraโs benefits, and @getclave , a project live for only a few months, are receiving substantial allocations of over 2.5M and 5M $ZK tokens respectively. This allocation approach appears unfairly skewed against smaller, yet equally dedicated protocols.
Throughout our time on the @zksync network, we have collaborated with various notable projects, including @KyberNetwork , @OpenOceanGlobal , @dracula_fi , @PopsicleFinance , @velocorexyz , and @PythNetwork . Our involvement in these collaborations highlights our active role and commitment to the zkSync ecosystem. During the Velocore exploit, our protocol was significantly impacted, suffering damages exceeding $50,000 due to holding POL LP on @velocorexyz. Despite this, we chose to remain silent to protect the networkโs reputation, especially in light of the impending airdrop.
In light of these circumstances, we earnestly request a reconsideration of the airdrop allocation to ensure that all protocols, regardless of their size, are fairly rewarded for their contributions to the @zksync network. Overlooking smaller protocols undermines the ethos of fostering an inclusive and supportive developer ecosystem and risks stifling innovation and growth.
We urge you to take immediate action to address this issue and ensure that the rewards are distributed in a manner that truly reflects the contributions and dedication of all participants within the @zksync community.
Sincerely,
zkEra Finance Team
๐If you aren't eligible for the zkSync airdrop, you might just be a "parasite," lol
It looks like these guys are repeating all the mistakes that Starknet made
So, if you're a genuine user with a single wallet, trying for the zkSync airdrop for the past three years, the zkSync team might think you're a "parasite."
Because if you are not eligible, there is no other reason according to this statement.
-An airdrop process that is completely non-transparent
-Indirectly insulting the community
Which project does this remind you of
Facts on how zkSync can rectify the situation and make the community happy
I calculated how #zkSync could make an additional 728,408 users happy
zkSync made a big mistake by setting the maximum reward threshold at 100,000 tokens, causing a large part of the community to feel left out and miss the airdrop. This decision also killed the decentralization they talked so much about.
They could have distributed a base reward of 950 tokens and made a huge number of users happy.
If they had limited the maximum rewards to 30,000 tokens:
โข 728,408 eligible
Total: 1,419,124 eligible
If they set the threshold at 50,000 tokens:
โข 388,452 eligible
Total: 1,079,168 eligible
I donโt know why the team made this decision, but there is no mention here of the decentralization that the team talked so much about.
Help spread this information so the team reconsiders their decision!
Calculations used the official table of eligible wallets:
GitHub Link
@Yogi13031997@stonecoldpat0@TrustlessState@Caneleo55@heycape_@0x_Lens@gluk64
Airdrop should be based on activities. If you think people can get interactions by doing it with 1$,2$ then find a better way to remove sybils , but people who are engaging with zksync for more than a year, how can you say that they are sybils . they are not community. But what did they get , a ineligible tag. ? I always used one wallet, never bothered for another, always doing little tasks on zksync. Playing games etc. sometimes buying tokens, but what did I get .
What about discord roles. All are a big chunk of lie in the name of community. People doing 5k volume, 9 transaction got 100k. And people doing it for more than a year are non community?? .