🗿 Airdrops in 2024

Layer-2 blockchain ZKSync went live with its airdrop last week—some updated napkin thoughts on airdrops in 2024.

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No Fomo Moai Mascot

GM. Layer-2 blockchain ZKSync went live with its airdrop last week—some updated napkin thoughts on airdrops in 2024.

Without Further Ado. ☕ *knuckle cracks* ☕ Let’s get into it.

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ZkSync Airdrop Update

The Zk token is down about 31% from its initial price, trading at $0.22, while only 45% of tokens are claimed, with a Market Cap nearing $800M.

There are about 3.7 billion tokens eligible to be distributed. The market cap would be $4.5 billion on a fully diluted basis.

You can check if you’re eligible for the airdrop here, or if you don’t trust us, you can refer to their tweet below:

Napkin thoughts on airdrops:

Airdrops are like loyalty programs, but you get rewarded for early-stage adoption.

It’s like buying a ton of Starbucks coffee before they became a franchise.

Tons of brands reward customers for loyalty; why do so few brands reward their earliest customers?

If the world were accustomed to getting financial rewards for betting on early-stage consumer brands as a customer, billions of people would engage more with small companies and take a chance without the red tape of a startup investor.

What We’re Reading

Thought Starters

  • Is global travel a net positive or a negative on human progress?

    • Positive – we are becoming more empathetic of other cultures

    • Negative – we’re moving toward mass mediocrity in place of disparate ingenuity

  • For an onchain future to work, it must be maximally efficient. And crypto markets are wildly inefficient today. How do we increase network performance and bring more humans on-chain – while enhancing interoperability – without compromising decentralization?

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