zkFair airdrop is almost here

đŸ”„

7.5B tokens will be allocated to the participants of the Gas Fee Airdrop event, which starts tomorrow!

Still not ready? Then you definitely need this thread

👇


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What is ZKFair?

@ZKFCommunity
is the first community ZK-L2 based on Polygon CDK and Celestia DA, powered by Lumoz, a ZK-RaaS provider

The project raised $4M from Web3 com Ventures

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The project has Bitget Wallet and many other projects as partners

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Airdrop

75% (7.5B) tokens will be distributed to Gas Fee Airdrop event worth $3M

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The event was supposed to start today, December 23, but the project team postponed it to December 24 at 11 a.m.

The $USDC gas fee consumed from 11:00 to 13:00 UTC+8 today will be fully refunded to the original addresses


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The event terms were changed:

‱ Campaign divided into four 12-hour waves

‱ Each wave gets 25% of total $ZKF tokens ($1.875B $ZKF per wave)

‱ Token distribution proportional to gas burned during each wave, with excess gas returned

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In simple terms:
‱ You burn as much gas as you want in any wave. E.g., you burn 1k $USDC
‱ After the end, count the total amount of gas burned. E.g., you burned a total of $5M $USDC
‱ You are entitled to 1k / 5M = 0.02% of the total pool, i.e. 1.875B * 0.02% = 375,000 $ZKF

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‱ You will be refunded the overpaid gas = 1,000 - (750,000 * 0.02%) = $850 $USDC, where

- 1k is your total gas burned within the wave;

- 750k = (3M * 0.25) - Airdrop gas allocated per wave;

- 0.02% is your share of the total gas burned

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* Whether the refund of overpaid gas will be made immediately after each wave or will be made one-time, after the end of the entire event - is not yet clear


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How to prepare for the event

‱ Bridge how much you plan to burn $USDC (gas network token) into the zkFair network

‱ You can do it via Orbiter, as you can get an O-Point for it
https://orbiter.finance/?source=Ethereum&dest=ZKFair&token=USDC


‱ All projects where you can burn gas here
https://zkfair.io/ecosystems

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