Zircuit Announces Tokenomics and Phase 1 Airdrop

Zircuit, a layer-2 project based on the zero knowledge rollup model, has just announced its tokenomics and an airdrop program for users.

Last night, Zircuit launched Airdrop Season 1 for users who participated in staking on the network. This program attracted over $2 billion in assets within just two months of its launch.

The project has allocated 7% of the total ZRC supply for the first airdrop. With a total supply of 10 billion tokens, approximately 262,200 wallets were eligible for the airdrop as of the snapshot taken at 04:00 PM on 07/07/2024 (UTC).

Users can now check their scores and the number of allocated ZRC tokens on the website https://claim.zircuit.com.

Please note that the airdropped tokens have been received in wallets but cannot be transferred until the end of Phase 2. Airdrop Season 2 started on 07/07 and will distribute up to 14% of the total supply.

About Zircuit

Zircuit is an Ethereum Layer 2 solution fully compatible with EVM. The project employs modular Zk Rollup technology with parallelized circuits, secured by AI at the sequencer level, providing secure, fast, and low-cost transactions.

Focusing on the restaking and liquid staking sectors, which are currently trending in the crypto market, Zircuit allows users to stake ETH, liquid staking tokens like stETH, and liquid restaking tokens such as ezETH, rswETH, rsETH, and lsETH within its protocol to earn yields and rewards.

Zircuit successfully raised funds from Binance Labs, the $10 billion venture capital arm of Binance exchange. However, both parties have kept the value and details of the deal confidential.