ZK Token

Token Properties

Token Ticker	ZK
Token Address	0x5A7d6b2F92C77FAD6CCaBd7EE0624E64907Eaf3E
Supply Cap	21,000,000,000
Snapshot	29710983
Inflation	Token supply can be increased through a protocol governance upgrade.
Deployed on	ZKsync Era
Transferrable to Ethereum Mainnet	No

Token Distribution

Category	Tokens	Percentage	Description
Token Assembly	6,146,000,700	29.27%	To be allocated by the Token Assembly
Ecosystem Initiatives	4,179,000,000	19.90%	The ZKsync Foundation administers ecosystem initiatives supporting ZKsync ecosystem growth.
Airdrop	3,675,000,000	17.50%	A one-time airdrop with no lock ups.
Investors	3,610,875,985	17.19%	Investors and advisors
Team	3,389,123,315	16.14%	Matter Labs employees
Sum	21,000,000,000	100%

Lock Ups

Investor and team tokens have a 4 year unlock period between June 2024 to June 2028, including a one year cliff. On June 2025, 3.66% of the total supply will unlock from the team and investor allocation. After June 2025, a maximum of 0.82% token supply will unlock monthly until June 2028.

Capped Minters

For most onchain organizations, tokens are minted at launch and passively held in wallets. This leads to multiple issues. It creates pressure to focus on financial engineering like investments or treasury diversification, and removes the agency from token recipients to determine when and how to receive tokens.

ZKsync uses capped minters. Instead of minting the entire supply of tokens at once, capped minters have “just-in-time minting.” Each capped minter received a maximum number of tokens they are allowed to mint. They can then mint tokens from that supply whenever they choose to, up to the maximum specified. This design removes the risks associated with a large treasury and instead shifts the agency of token management to the capped minters.

This explains the discrepancy between Max Total Supply visible on the block explorer and the programmed Supply Cap of 21,000,000,000. Not all the tokens have been minted by their designated capped minters.

Between October 24 and October 30, Team tokens were transferred from one custody provider to another. These tokens are still locked as per the details in Lock Ups heading above.