Token airdrops are one of the most exciting events in the crypto ecosystem for investors and fans of specific Web3 projects. Matter Labs, the main development firm behind the Layer-2 network ZKsync era, announced its token airdrop on Tuesday this week. In addition to the announcement, Matter Labs also disclosed the plan for the release, meaning which group of people would receive which share of the airdrop. This is an important mileston for the crypto community, and with our very own $CGT token airdrop approaching, lets take a look at

  • ZKsync’s distribution plan and how they will carry out their token’s airdrop starting next week, including how many tokens will be shared and who will be eligible to receive them
  • How $CGT tokens can improve CoinGames users’ gaming experience and what other utilities they are bringing forth as relates to the crypto ecosystem as a whole.

ZKsync’s Airdrop Announcement

The ZKsync Association will therefore airdrop roughly 3.675 billion ZK tokens to early users and adopters of the Ethereum Layer-2 netowrk ZKsync this upcoming week. Here are more details regarding this event.

  • The vent will be a one-time airdrop, with users being able to claim their tokens for a period spanning all the way to early January of next year.
  • ZKsync has shortlisted just over 695,000 wallets for the airdrop, according to a press release published by the project. Under their distribution plan, 89% of the airdrop is reserved for ZKsync users – those are carrying out transactions on the platform and meet a threshold of activity. The rest (11%) will go to towards contributors to the ZKsync ecosystem, such as builders and on-chain communities.
  • Matter Labs has also stated that the airdrop will “cap the amount that any given address can receive at 100,000 tokens.” By doing this, ZK is hoping that the airdrop will fairly reward its community members without pandering to whales by capping the airdrop amount. Matter Labs employees will receive 16.1% of the tokens, while investors will get 17.2%.
  • Aevo, a crypto perpetuals exchange, is currently valuing the ZK token at $.66. This means the airdrop’s diluted value is placed at just over $2.5 billion.
  • Recently, before the airdrop announcement, Matter Labs has received severe backlash from other Layer-2 projects over its decision to trademark the term “ZK” (shorthand for “zero-knowledge”). This is an abbreviation for “zero-knowledge” cryptography, a core technology for a number of blockchain projects.

$CGT Token: An Airdrop for the Ages?

$CGT is the token that will serve as the foundation for the entire CoinGames ecosystem. It will serve as the native currency for the CoinGames casino and sportsbook platform. As the backbone of our decentralized casino, $CGT ensures that users play in a transparent, fair and seamless manner. It will also continue to enhance and automate the way transactions should be carried out in a crypto casino environment.

  • Airdrop Distribution and Functionality: Rising Legends NFT holders, the backbone of our unique digital ecosystem, receive 10% of the total allocation. Participants in the Galxe and Zealy quests embark on special journeys within our platform. As a token of appreciation for their quest completion, 5% of the total Airdrop allocation is reserved for these intrepid explorers. Finally, early adopters of our casino, who have been instrumental in shaping our platform’s growth, will receive 5% of the total Airdrop allocation.
  • $CGT holders will also receive tailored promotions on our platform. This makes the token unique considering that these sorts of utilities are not common with other project’s tokens. In addition, $CGT will also ensure that holders get access to exclksuive promotions reserved to VIP and high-ranking players – including enhanced deposit bonuses and cashbacks.