PancakeSwap, the multichain decentralized exchange (DEX), has announced a significant initiative on July 5th: an airdrop of 2.452.128 million ZK tokens directly to its community. This airdrop, running from 10:30 am UTC on July 5th to the same time on August 5th, aims to reward both longstanding contributors and new participants actively engaging with PancakeSwap.
“This initiative acknowledges and appreciates the ongoing support of our community towards the development of ZKsync PancakeSwap,” emphasized the team. The distribution is designed to recognize the efforts of those who have been with PancakeSwap from the outset as well as those just joining, all of whom play crucial roles in nurturing the ecosystem’s growth.
The decision to initiate this rewarding program comes as PancakeSwap achieves milestones such as surpassing $3 billion in trading volume, locking in $5 million in total value (TVL), and attracting over 1.9 million traders.
Eligible participants for the ZKsync airdrop include veCAKE holders, liquidity providers, active traders, Traverse campaign participants, zkSync Prediction users, and zkSync Gauge voters, each meeting specified criteria laid out by PancakeSwap. This selective approach aims to celebrate diverse forms of community support and engagement within the ZKsync PancakeSwap community, fostering holistic growth and interaction.
PancakeSwap operates as a decentralized finance (DeFi) platform on the Binance Smart Chain (BSC) blockchain. Launching in September 2020 as BSC’s first trading platform, PancakeSwap quickly ascended to become the largest automated market maker (AMM) on the network by 2021. The substantial increase in TVL to $3.76 billion in 2021 underscores both PancakeSwap’s rapid popularity growth akin to BakerySwap and the robust potential of BSC as a DeFi-ready blockchain network.
Disclaimer: The opinions expressed in this article are solely for informational purposes and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries inherent risks of financial loss.
Editor’s Choice:
– SEC defeat: Judge confirms decision on XRP in Binance case
– Bitcoin struggles to maintain $60K as cryptocurrency market faces downturn
