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

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:

Interpretation of this information:

On March 3, 2021, ZigZag, the ZK Rollup order book on the Ethereum network, announced the end of its airdrop campaign. This campaign saw over 100,000 users receive a total of 34% of the total supply of ZigZag tokens, which amounts to 34 million ZZs. This is a significant distribution of tokens, and it indicates that the creators of ZigZag are committed to building a widespread community around their service.

The use of the term “ZK Rollup” in the announcement suggests that ZigZag is using ZK-Rollups, which is a scaling solution for the Ethereum network that allows for a higher number of transactions to be processed at a lower gas cost. ZigZag’s adoption of ZK-Rollups is a positive development for the scalability of the Ethereum network, which has faced congestion and high transaction fees in the past.

The distribution of tokens via airdrop is a common tactic used by blockchain projects to incentivize users to join and engage with their networks. By giving away tokens, the project can attract an initial user base and increase the value of its native token by creating demand for it. The fact that ZigZag has chosen to distribute a significant portion of its tokens through an airdrop indicates that the project is looking to build a strong community quickly.

The announcement of the end of the airdrop marks the beginning of ZigZag’s journey beyond merely distributing tokens to users. The statement suggests that ZigZag has plans for the future beyond the distribution of tokens, and it is now looking to build its platform and expand its services. The announcement does not provide a lot of detail on what these future plans entail, but it is clear that the company will seek to continue developing its ZK Rollup order book to meet the needs of its users.

Overall, the announcement of the end of ZigZag’s airdrop campaign indicates that the project is looking to build a strong community that will use its services and contribute to its growth over the long-term. The company’s adoption of ZK-Rollups is a promising development for the scalability of the Ethereum network, and the distribution of tokens through an airdrop is a smart strategy to incentivize users to engage with the network. While the announcement does not provide much detail on the project’s future plans, it is clear that ZigZag is committed to developing its platform and expanding its services to meet the needs of its users.