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ZKSwap Will Launch Layer 2 Asset Migration Incentive Campaign, Deposit to ZKSwap Layer2 to Share 1 Million ZKS Reward

On February 18, 2021, with the increase in the price of Ethereum and the deployment of various DeFi services in Ethereum layer1, the gas cost of Ethereum is also soaring, and the gas fee of smart contract deployment can be tens of dollars or even hundreds of dollars.

Therefore, ZKSwap, a layer2 dex based on Practical ZK-Rollups, initiated the Layer 2 Asset Migration Incentive Campaign. Users can participate and share 1 million ZKS rewards as long as they deposit any of the 30 supported ERC20 tokens and ETH by ZKSwap to ZKSwap’s Layer 2 wallet within the specified period. The purpose of this campaign is to familiarize more users with ZKSwap’s Layer 2 dex, experience the 0 gas fee and real-time transaction on a layer2 dex, and attract more users to migrate to Ethereum’s Layer 2 network.

ZKSwap has completed airdrops to nearly 9,000 DeFi users through its layer2 wallet, and the gas cost consumed was only about 1% of the Ethereum network. So far, ZKSwap has been running smoothly for 96 hours on the Ethereum mainnet, and the TVL (total value locked) on ZKSwap has exceeded 100 million US dollars.

The rules of Layer 2 Asset Migration Incentive Campaign are as follows:

Event name: ZKSwap Layer 2 Asset Migration Incentive Campaign (a total of 1 million ZKS will be awarded)

Start time: 10:00 am on February 19, 2021(GMT+8)
End time: 10:00 am on March 4, 2021(GMT+8)

Campaign rules: The campaign will last for 14 days. The daily asset value of each ZKSwap layer2 account will be calculated via random snapshots of addresses each day and the 14-day average asset value of each layer2 account will be calculated accordingly. The 14-day average asset value of each layer2 account will be sorted from large to small.

To meet the criteria, the 14-day average asset value of one layer2 account has to exceed 500 USDT, and users have to complete at least one layer2 transfer and one layer2 swap with that account. The event rewards will be sent to the eligible winner’s layer2 address after the event ends.

The rules for sharing ZKS are as follows:

Eligible Users Ranking 1–50 with their 14-day average value of layer2 assets:
The total reward is 500,000 ZKS, of which 400,000 ZKS will be divided according to each eligible winners’ proportion of layer 2 assets and 100,000 ZKS will be equally divided among the top 50.

Eligible Users Ranking 51–100 with their 14-day average value of layer2 assets:
The total reward is 250,000 ZKS, of which 200,000 ZKS will be divided according to eligible winners’ proportion of layer 2 assets, and 50,000 ZKS will be divided equally by the 50 people.

Eligible Users Ranking after 100 with their 14-day average value of layer2 assets:
Users who have a 14-day average value of layer2 assets over 500 USD and have completed at least one layer2 transfer and one layer2 swap on ZKSwap will equally share a 250,000 ZKS prize pool.

Please note that: Since PoG, PoL, and PoS activities require users to withdraw their assets to Layer1, these assets will not be counted as layer2 assets and hence unable to participate in this Layer 2 Asset Migration Incentive Campaign. Dear users, please choose accordingly.

ZKSwap is an AMM modeled layer2 dex based on Practical ZK-Rollups — the ZKSpeed Protocol.

And You can find us here🥰:

ZKSwap Official Website: https://zks.org/en

ZKSwap APP: https://zkswap.app

ZKSwap Twitter: https://twitter.com/ZKSwapOfficial

ZKSwap Official Telegram group: https://t.me/zkswapofficial

ZKSwap Discord: https://discord.gg/ZRxS8fYTDv

ZKSwap Medium: https://zkswapofficial.medium.com/

ZKSwap Github page: https://github.com/l2labs

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