This upcoming airdrop would be worth $667 Million at today's current ZKS spot price of $8.33. Let me repeat: they're going to give away almost $700 million worth of free ZKS coins. It could even be a Billion dollar plus giveaway by the time the airdrop is distributed.
TL:DR: HODL ZKS anywhere in any exchange or private wallet for a Feb. 25 snapshot, get one ZKS for every ZKS you own via an upcoming airdrop.
Greetings,
Like many in the world of Defi who own ZKS, I was shocked and absolutely stoked to see the near doubling in the price of my ZKS holdings overnight. Jumping onto their Medium channel, I could see the reason for this rapid rise in price with news breaking that the ZKS Organization has decided to do another airdrop.
Wow! Airdrops are awesome, as my crypto portfolio can attest to. I've enjoyed airdrops from UNI, StakeDAO (SDT, really nice mining percentages that have been pretty stable recently) and other small airdrops. UNI's airdrop was very generous, and like many others, I continue to benefit from their generosity since I still hold most of them in liquidity pools.
Today's news takes the cake as far as airdrops are concerned and the ability to be prepared to potentially profit from a big airdrop. Sure UNI's airdrop was widely distributed and very generous to some users who had provided liquidity for a long time, but this upcoming ZKS airdrop, where they essentially promise to double your ZKS holdings, is simply the most generous airdrop so far, on a per user level.
In retrospect: BTC's airdrop is the largest airdrop that will ever be, but the value of all 21.7M Bitcoin mined then and in the future, was worth literally almost nothing at the start of Bitcoin.
400 UNI - the size of that airdrop for the average Defi user - was worth about $1600, give or take, shortly after that airdrop.
This upcoming airdrop would be worth $667 Million at today's current ZKS spot price of $8.33. Let me repeat: they're going to give away almost 700 million worth of free ZKS coins. It could even be a Billion dollar plus giveaway by the time the airdrop is distributed.
I've been in and around crypto since 2013. This is one of if not the biggest planned crypto giveaways in the short history of cryptocurrencies.
I had already given ZKSwap a 10 out of 10 in my earlier review of their Version 1.0 product and launch thanks to their slick product that puts their L2 competitors to shame as far as ease of onboarding and clarity of what is going on. In hindsight, after today's news I'd somehow give them a higher score now, if such a thing was possible. These generous launch programs show that the ZKS Organization marketing programs are absolutely on point. This is exactly how one jump starts a new L2 DEX/AMM and L2 ETH protocol to provide it a launch pad to long term success.
ZKS Airdrop Instructions
To benefit from this airdrop all you need to do is own ZKS somehow somewhere. It could be on a supported exchange such as Huobi, MXC, or even Biki (who violated my trust by taking a 20 ZKS fee to withdraw only 114 ZKS from their exchange, and thus, they're basically dead to me) or your own ERC20 wallet.
Then you just wait for Feb. 25, and wait for your coins to arrive when they're ready to send them out.
ZKS Layer 1 Staking
By the way, ZKS Layer 1 staking has been going pretty good if you're into providing liquidity and/or staking coins. I wouldn't recommend adding new funds though as this short staking cycle is well underway.
How it started (after 15 hours):
How it's going (after 72 hours):
Again, this staking cycle is only 14 days, and there's only 10 days left so any deposits now aren't going to see the full benefits of this liquidity program as the APR rate naturally drops as others deposit ZKS. Long term mining and staking programs will launch shortly so you may or may not want to just wait for that if you're a new ZKS buyer or if you already didn't do L1 ZKS staking. I'm not sure that there's going to be a L1 ZKS Staking program after these 2 weeks.
Anyway, as a long time tech and crypto investor, I feel good about the long term prospects of this project, and the team and coin behind it.
Thanks for reading! Please leave your comments or questions below.
