zkSync ZK

Commentary versus actual token vesting

Instead of minting the entire supply of tokens at once, ZKsync uses capped minters. Capped minters are unique smart contracts that enable "just-in-time minting." Each capped minter contract receives a maximum number of tokens they are allowed to mint, and those holding the minter role can mint from that supply whenever they choose, up to the maximum specified. Contracts are deployed through ZkCappedMinterV3Factory at 0xABF70d9a1fe52ca5e9339A6Ef76759614C1b5eE9, and each contract and its admin multisig must undergo at least one security review by a Security Council member or reputable security firm before deployment. 1) Team — 2,845,357,294 ZK, 13.55%. Capped minter 0xa97fbc75ccbc7d4353c4d2676ed18cd0c5aaf7e6, labelled Matter Labs ZK Token Allocation. Unlock ends June 2028 on a one-year cliff, with 3.6% of total supply released at the June 2025 cliff across Team and Investors combined, then a maximum of 0.8% of total supply monthly. Not complete yet, roughly 22 months of the schedule remain. 2) Investors — 4,154,642,006 ZK, 19.78%. No capped minter is published for this allocation. Terms are identical to Team: June 2024 to June 2028, one-year cliff, 3.6% of total supply at the June 2025 cliff shared with Team, then a maximum of 0.8% of total supply monthly. Not complete. 3) Ecosystem Initiatives — 4,179,000,000 ZK, 19.90%. Capped minter 0xd78dc27d4db8f428c67f542216a2b23663838405, administered by the ZKsync Foundation. 4) Airdrop — 3,675,000,000 ZK, 17.50%. Three capped minters, all published: 0x66fd4fc8fa52c9bec2aba368047a0b27e24ecfe4 (initial Merkle distributor), 0xb294F411cB52c7C6B6c0B0b61DBDf398a8b0725d (second distributor), 0xf29d698e74ef1904bcfdb20ed38f9f3ef0a89e5b (third distributor). Fully liquid on day one, no lock-ups. Claim window closed 3 January 2025. 5) Token Assembly — 6,146,000,700 ZK, 29.27%. No capped minter exists for this allocation, and the tokens are governed by the Token Assembly, it is simply the remaining amount on the ZK token contract at 0x5A7d6b2F92C77FAD6CCaBd7EE0624E64907Eaf3E. The Token Assembly grants minting rights to administrators of Token Programs through TPPs.