Potential zkSync Airdrop – How to Increase Your Eligibility
Explore how to increase your chances for the zkSync airdrop using Trust Wallet. Understand the process, and learn how interaction and participation with zkSync could help.
Important notice before you continue
Trust Wallet is not affiliated with the project or airdrop opportunity mentioned and any costs, including gas fees or slippage or other fees are at your own expense. Following the steps in this guide does not guarantee you will receive an airdrop. This guide is for informational purposes only and isn’t an official endorsement of the project. Trust Wallet isn’t liable for your actions on third-party platforms, so always do your own research before exploring potential airdrop opportunities, including this one, and exercise caution to avoid any loss of funds.
A crypto airdrop is a process where a blockchain project distributes free tokens or coins to the crypto community, often for promotional purposes, user engagement, or rewards. In this guide, we’ll review steps you can take to increase your chances of eligibility for the zkSync airdrop using Trust Wallet.
What is zkSync?
zkSync is a Layer 2 solution that leverages Zero-Knowledge (ZK) rollups to expedite transactions and reduce gas fees on the Ethereum blockchain. Here's how it works: ZK-rollups bundle multiple transactions into groups and process them off-chain, storing only a minimal amount of necessary data on-chain. This makes the transaction process quicker and less expensive. With the expanding range of applications on the Ethereum blockchain, finding ways to address its inherent scaling issues is becoming increasingly important. ZK-rollups, used by solutions like zkSync, are emerging as one of the technologies that can help manage these challenges.
Actions to potentially increase your eligibility for the zkSync Airdrop
1. 🌉 Bridge Your Assets to zkSync
Ensure you have enough ETH in your wallet for transaction charges. If you don’t have enough ETH, use these instructions to buy or deposit the asset to your wallet.
Visit https://bridge.zksync.io/ using your Trust Wallet to connect your wallet.
Note: Depending on your app version, you might find a direct link to bridge.zksync.io through the Discover menu, however you can also use the Web3 browser as shown above.
Choose Trust Wallet and connect your wallet.
Ensure you read the Wallet warning so you understand the risks.
Bridge your assets to zkSync Era.
2. 💧 Deposit Liquidity
Deposit the bridged assets into zkSync.
3. 🔄 Interact with Projects on the Network
Identify projects launched on Era.
4. 🔄 Interact with SyncSwap: https://syncswap.xyz/
Swap assets on SyncSwap.
Click on "Pool" -> "Positions" -> "New Position".
Choose "Classic" or "Stable" for deposit type.
Add liquidity to SyncSwap.
5. 🔄 Interact with Mute: https://mute.io/
Swap assets on Mute.
Go to "Pool" -> "Add Liquidity".
Add liquidity to Mute.
Go to "Amplifier" -> "Stake".
Stake your liquidity tokens on Mute.
6. 🔄 Interact with EraLend: https://www.eralend.com/
Click on "Supply".
Choose "Supply" or "Borrow" tokens on EraLend.
7. 🔄 Interact with Other Projects
Identify other applications on the platform such as Tevaera and Maverick.
Regularly interact with these applications.
8. 🎁 Donate to Gitcoin
Identify zkSync projects on Gitcoin.
Donate to these projects.
9. 🎯 Participate in Tasks, Quests, and Metered Programs
Look out for tasks, quests, and metered programs launched by the zkSync team and related projects.
Participate in these tasks, quests, and programs.
Frequently asked questions about crypto airdrops?
What is a crypto airdrop?
An airdrop in the context of cryptocurrencies refers to the free distribution of small amounts of a particular digital currency to its community members either for free or for performing small tasks. This is often done as a way of gaining attention, creating a larger user base, or rewarding loyal customers.
What are crypto airdrops ased aor?
Generating Buzz: Cryptocurrency projects use airdrops to generate buzz and increase awareness about their project. It's a way of marketing to attract potential investors.
Rewarding Loyal Users: Projects may also conduct airdrops as a way of rewarding loyal customers, incentivizing participation in the ecosystem.
Wide Distribution: Airdrops serve to distribute tokens widely and create a broader user base. This helps decentralize the tokens, an essential feature of blockchain technology.
What are the risks of participating in crypto airdrops?
Scams: Scammers may pose as legitimate projects conducting airdrops to steal personal information or trick people into sending them cryptocurrencies.
Tax Implications: In some jurisdictions, airdropped tokens may be considered taxable income.
Value Volatility: The value of airdropped tokens can be highly volatile. This means the value of what you receive could decrease significantly.
What are some tips to stay safe?
Never Share Private Keys: Legitimate airdrops will never ask for your private keys. Anyone asking for them is likely trying to scam you.
Do Your Own Research: Ensure that the project conducting the airdrop is legitimate. Look into the project's background, the team behind it, its purpose, and its overall feasibility.
Be Cautious of Unsolicited Offers: If you're getting an airdrop that you didn't sign up for, it might be a scam. Always check official sources before accepting.
Use Secure Networks: When dealing with cryptocurrencies, use secure networks. This can help protect your information from hackers.
Airdrops can be an exciting aspect of the crypto world, offering potential rewards for minimal effort. However, like all things in the digital world, they come with risks. Always do your own thorough research and exercise caution when participating. Stay safe and stay vigilant!
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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.