PancakeSwap Announces Airdrop!

Bittime -  PancakeSwap announced an airdrop as an incentive for active users after reaching important milestones in trading volume and locked value. 

This airdrop involves ZK tokens as rewards, with users able to claim them to increase participation in the PancakeSwap ecosystem.

PancakeSwap Announces Airdrop

PancakeSwap's airdrop came after the platform reached over $3 billion in trading volume, $5 million in total value locked (TVL), and attracted over 1.9 million traders. 

This airdrop is intended to increase PancakeSwap user participation and reward users. However, due to the zkSync controversy for some time, the focus started to disappear.

Role of zkSync Token Airdrop for PancakeSwap

Questions about the impact of the zkSync token airdrop also emerged. Active users who have contributed through trading, provided liquidity, and participated in previous zkSync initiatives should be eligible to receive the airdrop.

To help the platform develop further, future contributors assist with zkSync's trading and liquidity. PancakeSwap will also be added. veCAKE holders and previous contributors can use the airdrop.

PancakeSwap States Users Can Claim ZK Tokens to Platform Homepage

PancakeSwap states that users can claim their ZK tokens by connecting their wallets to the platform's homepage and complying with the provided instructions. Any unclaimed tokens are used to improve the ecosystem and community initiatives.

In recent weeks, the price of the ZK token has been volatile. Last month, its price fell 5% after a $113 million airdrop, which had a negative impact on its price since it listed on major exchanges.

When will this airdrop be released?

This announced airdrop comes after a previous airdrop announced in March when PancakeSwap announced the launch of PancakeSwap V4, initially announcing a $3 million CAKE airdrop to celebrate the launch. 

Conclusion

After achieving a huge increase in trading volume, TVL, and number of users, PancakeSwap has announced an airdrop as an incentive to increase user participation. This airdrop aims to repay active users' contributions and expand their ecosystem. Despite the recent debate about zkSync, PancakeSwap remains concentrated on developing their platform by supporting the community and launching new projects such as ZK tokens that users can take to increase ecosystem interaction.

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