Here’s Why ZKscam (ZKSync Scam) Is Trending Among Crypto Investors

ZKSync is a prominent layer2 solution offering faster and better transactions than other networks, including Ethereum. It has earlier shared the details of its ZK airdrop, which has now become the topic of discussion among crypto investors. Instead of the ZKSync, the users have rephrased the name with ZKscam or ZKSync Scam to present their disappointment with the network.

In this blog, let us discuss the story behind the ZKscam/ ZKSync Scam.

How ZK Airdrop Turned ZKscam?

On 11 June, ZKSync announced the ZK token airdrop with its community of 7 Million users who have been awaiting this moment for years. The ZK rollup-equipped network has opted for a unique airdrop deal where only 695,232 wallets will receive it, that too under a strict set of eligibility criteria. Under this, every individual needs to interact with at least ten Smart Contract networks, trade at least ten ERC 20 tokens, have a long-term interaction with the network, and much more.

Even when people are qualifying these metrics, their wallets get rejected due to limitations on approvals. With a community of 7 Million, only a few get the opportunity to participate in this airdrop. The rest call it the ZKscam due to their disappointment in the network.

ZKscam (ZKSync Scam) Trends On X

The investors have chosen the social media platform X (previously known as Twitter) to express their disappointment with tagging ZKscam or ZKSync Scam. These hashtags have been trending for days, and thousands have tweeted about this unfairness.

A user commented that he qualifies for all the eligibility requirements and has traded over $100,000 on the network, paying more than $100 in gas fees only. He also mentioned his three-year usage of the network with disappointment in this airdrop.

Many highlighted how the image of this network has shifted from the best L2 solution to ZKSync Scam.

You are no longer trending as the best layer 2 network
You are trending as the biggest scammer
Not only will we not transact with your network for the rest of our lives, we will do everything to destroy you.
Wait @zksync #zksync#ZKscam#ZKsyncscam pic.twitter.com/4tqtmkEa7i

— Sarkesh (@navgan_) June 14, 2024

Why Is This ZK Airdrop So Significant?

The ZKSync token launch has happened after a long wait, building the hype around itself. More importantly, this offers various features that make the holding significant for ZKsync users. This ZK token is called the protocol token, allowing holders to vote and participate in the network upgrades. More importantly, it will cover the network fees with the native ZKSync account abstraction.

The list of features does not end here, as the users can create ZK offering staking features through the governance-driven protocol. Overall, it is a significant tool for coordination and interaction with the network. This is why it stands crucial to participate in the ZK airdrop.

With so much anticipation, the users have called the network ZKscam despite them explaining the thought behind this limitation on wallets to distribute extensively among main rollups.

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