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ZKsync (ZK) ByStarter: Complete Tasks for a 100% Chance of Winning From 14,700,000 ZK Tokens
Welcome to the exciting launch of the ZKsync ByStarter, starting from 7AM UTC, Jun 17, 2024! This time round, our ByStarter event offers you the chance to share in the massive pool of 14,700,000 ZK without the hassle of token sales or lock up periods. Simply register, complete the designated tasks, and take your slice of the prize!
Rewards Overview
- Participation Prize: The first 400,000 participants who lock 100 USDT in the ByStarter will receive 5 ZK each.
- Sunshine Prize: Participants who complete all required tasks but aren't selected in the lucky draw will share equally a prize pool of 4,600,000 ZK.
- Grand Prize: 27,000 lucky winners will be selected via a lucky draw to share 8,100,000 ZK, receiving 300 ZK each.
Timeline
- Participation Period: Jun 17,2024, 7AM UTC – Jul 18, 2024, 10AM UTC
- Distribution Period: Jul 18, 2024, 10AM UTC – Jul 25, 2024, 10AM UTC
- Results Announcement: Jul 25, 2024, 10AM UTC
- ZK Listing: Once liquidity meets the listing requirements
[Find Out More]
About ZKsync (ZK) ByStarter
- Token: ZKsync (ZK)
- Total Supply: 21,000,000,000 ZK
- Total Allocated to ByStarter: 14,700,000 ZK (0.07% of the total supply)
ZKsync is a scaling and privacy engine for Ethereum. Its current functionality scope includes low gas transfers of ETH and ERC20 tokens in the Ethereum network.
Learn more about ZKsync [here](https://learn.bybit.com/blockchain/what-is-zksync/).
For more details, please check out their pages: [Website](https://ZKsync.io/) | [Whitepaper](https://docs.ZKsync.io/) | [X](https://x.com/ZKsync)
How to Participate
Step 1: Sign up for a Bybit account.
[Sign Up Now]
Step 2: Complete Identity Verification Lv. 1.
[Verify Now]
Step 3: Add your Web3 wallet.
Create your first Web3 wallet or import an existing wallet using the Bybit Wallet Chrome extension. For a better experience, we suggest using a PC. For more details, refer to our [Help Center article](https://www.bybit.com/en/help-center/article/How-to-Get-Started-With-Seed-Phrase-and-Private-Key-Wallet).
[Add Bybit Wallet]
Step 4: Lock 100 USDT via your Funding Account during the Participation Period.
The locked USDT will be returned to your Bybit account before the Distribution Period ends.
[Lock Now]
Step 5: Complete all on-chain quests during the Participation Period.
Use the wallet you connected on ByStarter to complete the quests. Check out our page below for a complete list of quests and further instructions.
[List of Quests]
Please note:
- Each Bybit account can only use one (1) wallet to participate in the ZK ByStarter.
- You must complete all on-chain quests with a single wallet. Using different wallets for different quests will invalidate your eligibility for rewards.
- You can unlink and reconnect different wallet addresses as many times as you like during the Participation Period. However, you cannot change the wallet address once the Participation Period ends.
- The wallet that is linked at the end of the Participation Period will be checked to verify if you have completed the on-chain quests. Make sure to link the correct wallet you used to interact with the protocols. Failure to do so will make you ineligible for the Sunshine Prize or Grand Prize.
- All participants will receive the full amount of their locked token before the Distribution Period ends.
Participation and Distribution Results
There are four (4) possible results from the participation:
1. Failed to Receive Distribution
Participants who do not complete the on-chain quests or are not among the first 400,000 participants will not receive any ZK rewards.
2. Participation Prize
The first 400,000 participants who lock 100 USDT in the ZK ByStarter event will get 5 ZK each.
3. Sunshine Prize
Participants who complete all required quests but are not selected in the lucky draw will share equally in a 4,600,000 ZK prize pool. These are users who:
- Lock 100 USDT in ZK ByStarter
- Complete all on-chain quests
- link the correct wallet that completed the quests
- Not selected in the lucky draw
E.g., If 50,000 users qualify and are not drawn, each will receive 90 ZK.
4. Grand Prize
A total of 27,000 winners will share 8,100,000 ZK, receiving 300 ZK each if they:
- Lock 100 USDT in ZK ByStarter
- Complete all on-chain quests
- link the correct wallet that completed the quests
- Selected in the lucky draw
Lucky Draw Mechanism
To determine the Grand Prize winners in the ZK ByStarter, we use a unique draw process based on blockchain data:
1. Seed Number: We take the last digit of the block hash from the first ZKsync era produced at 12AM (midnight) UTC on Jul 15, 2024. For example, if the hash is 0x51fdb5de7a8e543375e1494e15bc7958a5c2068f4f2b40b212568410e9bc74ad, the seed number is 4.
2. Initial Selection: We identify all participants whose lottery numbers include this seed number (4 in this case).
3. Order of Draw: These identified lottery numbers are then arranged in ascending order to start the draw for the Grand Prize.
4. Continued Selection of Seed Number: If the initial group of participants whose lottery numbers contain the seed number (4) does not yield enough winners for the Grand Prize, we will continue the draw with the next set of numbers. We keep drawing from the remaining pool, also arranged in ascending order, until all 27,000 Grand Prize winners are determined.
Why Register Early?
Lottery numbers are assigned on an ascending manner. By joining early, you secure a lower lottery number. This places you higher up on the list when the lottery numbers are arranged in ascending order for the Grand Prize selection. Consequently, having a lower lottery number increases your chances of being selected early in the process for the Grand Prize.
Don't miss out — join as soon as you can to maximize your chances!
[Join Now]
Celebrate With 700,000 ZK in Rewards
That's not all we have in store for you. Check out the events we've prepared to secure your share of a 700,000 ZK rewards pool!
[Find Out More]
New to ByStarter? Check out our [FAQs](https://www.bybit.com/en-US/help-center/bybitHC_Article?id=000001927).
ByStarter Terms and Conditions:
- Users must complete Identity Verification Lv. 1 to be eligible to participate in this event.
- Institutions and Market Makers are not eligible to participate.
- Users must maintain at least Identity Verification Lv. 1 throughout the ByStarter event to be eligible for tokens. If, for any reason, a user fails to maintain their verified status, they will be disqualified from the ByStarter event.
- Please pay attention to emails from Bybit throughout the event period. We may require additional information from a select few users to verify their identity. Failure to complete this before the Registration Period ends will result in registration failure.
- Only users from [non-restricted countries and regions](https://www.bybit.com/en-US/help-center/s/article/Service-Restricted-Countries) are allowed to participate in the ByStarter event. Subaccounts and restricted accounts are not eligible.
- By participating in the ByStarter event, users acknowledge that they understand the [Risk Disclosure](https://www.bybit.com/en-US/bystarter/risk-disclosures/) for ByStarter subscriptions.
- Each Bybit account can only use one (1) wallet to participate in the ZK ByStarter.
- Participants must complete all on-chain quests with a single wallet. Using different wallets for different quests will invalidate their eligibility for rewards.
- Participants can unlink and relink different wallet addresses as many times as they like during the Participation Period. However, they cannot change the wallet address once the Participation Period ends.
- The wallet that is linked at the end of the Participation Period will be checked to verify if participants have completed the on-chain quests. Participants must ensure to link the correct wallet they used to interact with the protocols. Failure to do so will make them ineligible for the Sunshine Prize or Grand Prize.
- All participants will receive the full amount of their locked tokens before the Distribution Period ends.
- All participating users must strictly adhere to the Bybit Terms of Service. Bybit reserves the right to disqualify any participants who engage in dishonest or abusive activities during the ByStarter event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent or harmful purposes.
- It is the user's responsibility to confirm whether there are any unlocked assets in the account before deletion. Once an account is deleted, Bybit reserves the right to refuse any related appeals.
- Bybit reserves the right to modify the terms of this ByStarter event without notifying users in advance.
- Bybit reserves the right of final interpretation of this ByStarter event. If you have any questions, please contact our Customer Support.
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