Introducing the ZK Token

ZKsync announced its ZK token, a protocol token that lets holders propose and vote on protocol upgrades and pay network fees using ZKsync's native account abstraction. About 67% of the supply goes to the community, including a one-time airdrop of 17.5% to 695,232 wallets, which the article says is the largest distribution to users among major rollups. Usage-based airdrop allocations are capped at 100,000 ZK per address, and contributors receive 11% of the airdrop. Investors and the Matter Labs team receive the remaining supply, locked for the first year and then unlocking over three years between June 2025 and June 2028.