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Haider Jamal

Jul 06, 2024

PancakeSwap Will Distribute Nearly 2.5M ZK Tokens To Thank Their Community

PancakeSwap ($CAKE) plans to redirect unclaimed ZK tokens back into its ecosystem for future development and community initiatives. The popular multi-chain DEX (decentralized exchange) has launched a significant community reward program running between July 5th to August 5th.

 

A Significant Airdrop

As part of the initiative, PancakeSwap will distribute more than 2.45 million zkSync (ZK) tokens to community members as a gesture of appreciation for their support since the zkSync PancakeSwap deployment in July 2023. The airdrop aims to reward both long-time contributors and new participants active on PancakeSwap.

According to the official blog post, veCAKE holders and previous contributors can participate in the airdrop. Eligible users must connect their wallet to the PancakeSwap platform homepage and follow the instructions in the pop-up notification to claim the ZK tokens. Meanwhile, any ZK tokens that go unclaimed will be redirected to the PancakeSwap ecosystem for future development and community projects.

 

Showing Gratitude

The PancakeSwap team noted significant advancements since its launch on zkSync Era, an Ethereum Layer-2 network last summer. During this time, PancakeSwap introduced key features like seamless Swaps, Yield Farming, Prediction Markets, Fiat On-Ramp, Position Manager, and Syrup Pools. These efforts have propelled PancakeSwap to exceed $3 billion in trading volume, hold many millions in total value locked (TVL), and serve over 1.9 million traders.

According to a representative, PancakeSwap remains dedicated to nurturing a vibrant community and rewarding users for their loyalty to the platform. The ZK token airdrop further demonstrates this gratitude for the support and engagement of the community members. Lastly, the exchange encourages active participation in this opportunity to benefit via the airdrop and continue shaping the future of DeFi with PancakeSwap.

 

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