Matter Labs Has No Plans For zkSync Era Airdrop, But Crypto Twitter Speculates

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Matter Labs has not announced any token airdrop plans after revealing on Friday that its zkEVM, zkSync Era, is open to the public.

In a statement provided to CoinDesk, Matter Labs CEO Alex Gluchowski said “there are no plans to launch a token at this time.”

“The team is focused on today’s launch and further development of the protocol,” Gluchowski said. “A token only comes into play with the decentralization of the network, and that’s still far on the horizon.” Similar comments have been reported earlier by The Block.

But nothing stopped Crypto Twitter from filling with speculation that a token might eventually arrive – and encouraging potential users to start accumulating transactions on the freshly launched zkSync Era network to qualify for all the rewards.

Learn more: Matter Labs Opens zkSync Era to Users, Claiming First “Zero Knowledge” Technology on Ethereum

Twitter was also filled with unconfirmed solicitations related to a possible zkSync airdrop that appeared to have no connection to the project team.

The problem with speculating that a token may be involved is that there is a degree of risk involved. No one knows if an airdrop will ever happen, let alone the inherent value of what a token would represent on zkSync; Plus, there are all kinds of bogus offers out there, and scammers frequently use airdrops to scam people.

That said, Crypto Twitter traders have started sharing their strategies for getting into the potential zkSync airdrop early so they can rack up the chance for a profit. Suggested options ranged from placing trades on apps on the network to typing a non-fungible token.

Based on the precedent set by many crypto projects, the speculation is not entirely unfounded.

Arbitrum, a layer 2 scaling tool for the Ethereum blockchain, which has its own “optimistic summary“, came out with its own long-awaited ARB token and released it to community members earlier this week. Crypto traders rushed to cash out BRAand on the initial drop, the token climbed to $14 before falling to $1.38 once again users claimed their tokens.

The story continues

Specifically, traders had been using the network for months to rack up transactions – having correctly anticipated that these metrics would ultimately be used to determine who got the tokens dropped.

Learn more: Arbitrum will release a new token and switch to DAO

UPDATE (21:20 UTC): Adds a statement to CoinDesk from Matter Labs CEO Alex Gluchowski.