How to get ZKSwap airdrop:
ZKSwap is a token Swap protocol based on Automated Market Maker (AMM). Through ZK-Rollup technology, the full set of Uniswap functions are realized in Layer-2, while providing unlimited scalability and privacy. ZKSwap provides liquidity providers and traders with ultra-high-throughput swap infrastructure, and transactions do not require any Gas fees. The ZKSwap server can interact with users through the WebSocket interface, and can also monitor transactions on the Ethereum blockchain. All legal transaction requests will be placed in the ZKSwap memory pool, which will ultimately be processed by the Swap Engine. ZKSwap’s zero-knowledge proof system adopts a distributed architecture and uses the latest zero-knowledge proof algorithm PLONK to generate proofs. PLONK’s global trust setup only needs to be generated once, and applications with a certain range of circuit scale can be reused, which greatly reduces the threshold for using zero-knowledge proof.
Through ZK-Rollups technology, all ERC20 tokens are transferred to layer-2, and the consistent state of layer-1 and layer-2 is guaranteed based on continuously generated zero-knowledge proofs. This solution allows all exchanges to execute on layer-2, achieving real-time swap with zero gas fees, unlimited scalability, removing the constraint from the Ethereum’s TPS, and block confirmation time.
Step-by-step guide on how to get ZKSwap airdrop:
To qualify for an airdrop hold ZKS tokens in the ZKSwap layer 2 wallet. Snapshots will be taken every day until 26th April.
- Hold ZKS tokens in layer 2 wallet
- Basic savings reward: ZKSwap will calculate the reward based on the lowest value of all snapshots during the week, and will issue savings rewards on the following Monday, with an annualized APY of 10%
- The bonus reward: After 4 weeks of continuous snapshots, the bonus rewards will be calculated based on the lowest value of the account’s holding during the 4 weeks and the bonus reward will be with an annualized APY of 10%. After the completion of the first phase of the savings campaign, the bonus reward will be distributed
- For more info visit this Medium post