ZKFair has been online for 3 days with a TVL exceeding 12 million US dollars. The Gas fee airdrop will officially start at 11 o'clock

L2Beat data shows that the total value locked (TVL) on ZK L2 network's ZKFair has exceeded $12 million within 3 days of its launch, and its Gas fee airdrop will officially start at 11 o'clock today. At that time, all 7.5 billion ZKF tokens will be produced and airdropped to all participating users through the Gas fee airdrop.

 

Currently, the number of participants in the ZKFair community has exceeded 120,000. To ensure a 100% fair launch and allow more ordinary users to participate, ZKFair officials have announced new rules for Gas fees as follows: 1) The upper limit for single transaction Gas Price is set at 20,000 Gwei; 2) The limit for single transaction Gas Limit is set at 500,000; and 3) Each IP address will have restrictions on transaction frequency.

 

The official pointed out that when the upper limit of the Gas fee airdrop reaches $3 million USDC it will automatically end on first-come-first-serve basis. After it ends, these aforementioned gas fee airdrops along with previously mentioned community drops (excluding those from Ordinal community), totaling up to approximately seven point five billion tokens would be released simultaneously after twenty-four hours. Users can claim them within specified time or they'll be destroyed automatically if not claimed in due course. No further token issuance will occur in future.