WHEN zkSync $ZKS and LayerZero $ZRO Token Launch?

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9 Jan 2024
6


zkSync ($ZKS)


zkSync is a layer-2 scaling solution designed to speed up transactions and lower gas fees on Ethereum. zkSync also has a huge ecosystem of dapps built on it- but no token yet. So, getting ready for a potential zkSync airdrop could entitle you to both a zkSync ($ZKS) and an ecosystem project airdrop!

Will there be a zkSync token?

There is no zkSync token YET. But the ticker will potentially be $ZKS. On 16th February 2023, zkSync launched its Fair Onboarding Alpha, and on 24th March 2023, zkSync Era Mainnet Alpha became open to public.

Does zkSync have a native token?
zkSync token

ZkSync currently has no native token to its name, but investors should anticipate something from the zero-knowledge proof systems. For instance, one can note from their official page that zkSync would create tokens for investors to stake with and to become zkSync network validators.

Is zkSync on Ethereum?

zkSync Era is an Ethereum virtual machine-compatible Layer-2 rollup protocol by Matter Labs. Formerly known as zkSync 2.0, the project rebranded to zkSync Era in February, 2023. ZkSync Era employs zero knowledge (ZK) rollups to significantly improve Ethereum's transaction throughput capabilities and lower fees


LayerZero ($ZRO)

LayerZero says it's targeting token launch for first half of 2024

  • LayerZero has clarified that it will launch a token.
  • It anticipates doing so in early 2024.

Blockchain interoperability protocol LayerZero has clarified it will launch a token after months of ardent speculation.
"LayerZero has always been built with the ability to have a native token within the protocol, as can be seen in the immutable code launched on day 1. We’ve heard the community discussion over the last few months and the lack of clear communication around this," the project posted on X.
"We’ll state now in no uncertain terms that there will be a LayerZero token. Its distribution is something we’re committed to getting right and expect it to happen within the first half of 2024," it added.
This implies that the token will be handed out in the form of an airdrop, a common method of reward early users with tokens. Tokens of previous projects often carry governance rights over the future development of the token and the idea is that the protocol's users will be the best ones to decide how it should develop going forward.

That said, the terms of the airdrop may not yet have been decided and it's possible that the snapshot — the final point at which transactions count for eligibility of the airdrop — has already been taken.
LayerZero allows users to move data and assets across blockchains. In April 2023, its development confirm raised $120 million in a Series B funding round at a valuation of $3 billion.


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