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ZigZag Token Airdrop Concludes with 100000 Users Receiving 34% of Total Supply

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On March 3, DEX ZigZag, the ZK Rollup order book on the second floor of Ethereum, announced the end of the airdrop on Twitter. More than 100000 users received …

ZigZag Token Airdrop Concludes with 100000 Users Receiving 34% of Total Supply

On March 3, DEX ZigZag, the ZK Rollup order book on the second floor of Ethereum, announced the end of the airdrop on Twitter. More than 100000 users received 34% of the total supply of ZigZag tokens (34 million ZZs). The future plans of ZigZag include:

ZigZag announced the end of air drop, and more than 100000 users received 34 million ZZs

Interpretation of the news:


On March 3, 2021, DEX ZigZag, the ZK Rollup order book on the second floor of Ethereum, announced the conclusion of its airdrop program. Through a post made on Twitter, it was disclosed that over 100,000 users were able to receive 34% of the total ZigZag token supply, which translates to 34 million ZZs distributed among users.

Airdrop programs have increasingly become popular in the cryptocurrency space as they provide free tokens to its participants. Such programs are usually implemented by new protocols or exchanges to encourage adoption and increase the network’s userbase. By distributing tokens for free, users can hold and trade them for other cryptocurrencies or fiat currencies. In the case of ZigZag, the goal of the airdrop was to increase market liquidity and attract more users to the platform.

ZigZag operates as a ZK Rollup order book within the Ethereum network, which means it is a layer 2 solution built on top of the Ethereum network. The protocol enables the creation of scalable smart contracts by minimizing the number of transactions required to certify the state of the Ethereum blockchain. This solution is especially useful for decentralized exchanges (DEXs) that require a higher transaction throughput to compete with centralized exchanges. ZK Rollup also offers better security and privacy compared to other available solutions.

The airdrop program’s success comes as good news for ZigZag, and the team has already outlined its future plans. According to the announcement, users can expect the launch of a decentralized VPN in Q2 of 2021. The VPN will reportedly utilize the ZigZag tokens as a method of payment, providing users with a more secure and anonymous internet browsing experience. The team is also working on deploying liquidity provider incentives to boost trading activity and enhance the user experience further.

In conclusion, the ZigZag token airdrop program was a success, with over 100,000 users receiving 34% of the total token supply. This outcome is expected to increase market liquidity and bring in more users to the platform. The future plans of the ZigZag team, including the launch of a secure VPN and liquidity provider incentives, are expected to continue to improve the platform’s functionality and user experience.

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