zkSync, the Ethereum Layer 2 network developed by Matter Labs, is planning a token generation event (TGE) this week with a total token supply of 21 billion tokens, according to two sources .
The zkSync token airdrop is then expected to take place around June 13. According to screenshots of internal messages seen by The Block, Matter Labs notes that it will take place before the token airdrop of Blast on June 26. Sources say the official launch of the token, including airdrop, will take place within 30 days of TGE, with a total supply of 21 billion tokens. According to one of the sources, zkSync wanted to use the ZK code for its token but ran into problems as Polyhedra Network claimed it. They noted that zkSync could still go with the ZK code and also emphasized that Binance Polyhedra's token has not yet been listed. Last week, zkSync hinted at a token launch and airdrop in late June, saying it would soon roll out an upgrade to speed up its protocol decentralization. Broadcaster A Matter Labs spokesperson told The Block: “zkSync is currently in the process of decentralization. At this time, no definitive plans have been finalized.”
