Decentralized exchange ZigZag announced an airdrop for early adopters. Requirements for coin buyers will be determined by the participants of the token sale.

The sale of the crypto asset under the code ZZ will begin on June 24. 2 million tokens were allocated for the token sale out of a total supply of 100 million coins. USDC stablecoin will be accepted for payment.

Buyers of the new asset will become members of the ZigZag DAO. One of the first tasks of the decentralized autonomous organization will be to set the terms of the airdrop.

The reason why the developers made this decision was due to the popularity of “airdrop farming”, where many users try to cheat the system and get coins for almost nothing.

There are hundreds of thousands of interactive wallets on our platform. For obvious reasons, downloading each of these wallets off the plane is impractical.

Therefore, a certain set of eligibility and criteria must be decided for this token award.

— ZigZag Exchange (@ZigZagExchange) 20 June 2022

“Thousands of wallets interacted with our platform. For obvious reasons, it doesn’t make sense for every single one of them to participate in the airdrop.”

The ZigZag team explained the idea of ​​using the DAO with its reluctance to “become a central party dictation criteria”.

One of the reasons for the airdrop was the loss of the project due to the crash of Terra. The developers explained that the integration of the UST algorithmic stablecoin has impacted ZigZag’s financial performance.

One of our goals with this sale is to recover sufficient funds to meet our obligations, as the UST integration and subsequent depeg impact our financials.

Having enough capital to maintain our developers’ payroll is another priority for ZigZag Exchange to grow.

— ZigZag Exchange (@ZigZagExchange) 20 June 2022

“One of the goals in the context of this airdrop is to restore enough funds to meet our obligations. Having enough capital to pay the developers is another priority for the growth of the exchange.”

The technologies featured in ZigZag use zero-knowledge proofs for scaling and increased transaction privacy. The developers hope to eventually achieve 250,000 transactions per second, thereby “beating the Nasdaq.”

Recall that in June, the developers of the Hop Protocol cross-chain bridge conducted an airdrop of HOP governance tokens.

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