PancakeSwap Distributes 2.45 Million ZK Tokens As Appreciation For The Community

PancakeSwap distributed 2.45 million ZK tokens in appreciation for the community (Photo; Doc. Cryptopanic)

JAKARTA - PancakeSwap, a multi-chain DEX platform, announced a massive community reward program that will take place from July 5 to August 5, 2024. This program will distribute more than 2.45 million zkSync (ZK) tokens to community members as a form of appreciation for their support for the implementation of zkSync PancakeSwap since July 2023.

In its official blog post, PancakeSwap stated that veCAKE holders and old contributors can participate in this airdrop. Applicable users must connect their wallets to the main page of the PancakeSwap platform and follow a pop-up notification guide to claim ZK tokens.

Unclaimed tokens will be allocated back to PancakeSwap ecosystem for future development and other community projects.

The PancakeSwap team stated that they have made significant progress since it was first launched on the zkSync Era network, an Ethereum layer-2 network, last summer. During this period, DEX has implemented important features such as non-stop Swaps, Yield Farming, Prediction Markets, Fiat On-Ramp, Position Manager, and Syrup Pools.

This effort has helped PancakeSwap surpass its trading volume of 3 billion US Dollars (approximately IDR 48.7 trillion), a total locked value (TVL) of millions of dollars, and more than 1.9 million total traders.

Quoted from Crypto Potato, PancakeSwap's team in its official statement said, "PancakeSwap is committed to fostering a growing community and respecting our users for their dedication to our platform. This ZK airport token is a form of our appreciation for the support and involvement of community members. We invite you to actively participate in this opportunity to benefit from the airdrop and continue to shape DeFi's future with PancakeSwap."

With this step, PancakeSwap not only thanked its community, but also encouraged greater participation and ensured that its ecosystem development continued with full support from its users.