DEX ZigZag Unveils Airdrop Plans
DEX ZigZag Unveils Airdrop Plans
On February 24, decentralized exchange (DEX) ZigZag officially announced its detailed airdrop plan for supporters, as previously hinted at last year.
ZigZag will execute a total of seven airdrop rounds targeting approximately 110,000 wallet addresses, distributing a total of 35,000,000 ZZ tokens, which constitutes 35% of the total supply.
It's finally here..
— ZigZag Exchange (@ZigZagExchange) February 24, 2023
The airdrop criteria have been decided and published.
Airdrops soon 🤝
Check if your wallet is eligible:https://t.co/WcQPE7jufZ
However, ZigZag has only disclosed the airdrop criteria and the list of eligible wallets. The ZZ token has not yet been released, and no tokens have been sent out. The exact timing for the airdrop remains unannounced.
The seven airdrop rounds will be allocated to various groups that have contributed to ZigZag's development, including:
- Airdrop for Traders
- Airdrop for Gitcoin Donors
- Airdrop for Liquidity Providers on Atlendis
- Airdrop for IDO Participants
- Airdrop for Market Makers
- Airdrop for Discord Members
- Airdrop for NFT POAP Holders
For the traders' airdrop—who represent the largest group of recipients, with over 92,000 eligible wallet addresses—each qualifying wallet will receive 300 ZZ. Eligibility requires trading activity within one month of the first swap and at least four days of recorded transactions.
Additionally, to reward early supporters, ZigZag will airdrop 300 ZZ to users who traded on the platform before December 1, 2021, and 100 ZZ to those who traded before January 1, 2022.
IDO investors will also receive airdrops, even if they are not among the top traders. The distribution will be based on the number of ZZ tokens previously held, with a ratio of 1 ZZ purchased equaling 3 ZZ in the airdrop. The IDO airdrop will be allocated to 5,500 wallet addresses.
Users can check if they are on the airdrop list by looking up their wallet addresses in the files attached to ZigZag's announcement post.
ZigZag is known for its orderbook-based DEX, supported by ZK-Rollups technology. ZigZag has deployed its mainnet on ZkSync, StarkNet, and Arbitrum—layer-2 solutions that enhance transaction speed and reduce Ethereum’s high gas fees.
