Ethereum Layer 2 network – Zora – has officially announced the date for the ZORA token airdrop. The impending airdrop follows a successful funding round with $50 million raised. These funds have been raised from some notable investors such as Coinbase Ventures, Paradigm and Haun Ventures, among others.
The upcoming airdrop marks a significant moment for the dedicated L2 solution for NFTs launched in 2020. The airdrop also comes at a time when Zora is shifting into a memecoin hub with a new trend, Content Coins, gaining attraction.
ZORA Token Airdrop Scheduled for April 23rd
As per the official announcement on X (formerly Twitter), ZORA token airdrop will happen on April. 23, 2025. The L2 network will determine the eligibility of users for this airdrop through a dual-phased snapshot system. The dual-phased eligibility system will capture the legacy of users as well their recent user activity.
$ZORA will be live on April 23, 2025. pic.twitter.com/yZdjlnDohH
— zora (@zora) April 20, 2025
With the snapshot split into two phases; first phase from January 1, 2020, to March. 3, 2025 and second phase from March. 3, 2025 to April. 20, 2025, it will help reward both long-term platform users as well as new participants.
Furthermore, the move is set to ensure fair rewards for both its NFT enthusiast and the memecoin fans that have emerged recently. This will allow an inclusive token distribution which is crucial for the token launch.
As per Zora’s announcement back in March. 3, 2025, the network plans on allocating the tokens as follows: 10% for the upcoming airdrop (with the total ZORA token supply being 10B, 1B tokens will be allocated in the airdrop). Additionally, the official team will get 18.9% of the total token supply.
The development team as well as project advisors will get 26.1% of the total supply. 20% of the 10B tokens will be set aside for community incentives while 5% will be used for liquidity and 20% for treasury.
ZORA to be Listed on Binance Alpha Upon Launch
After the announcement, Binance – largest crypto exchange by trading volume, announced that it would list ZORA on the Binance Alpha. This is a pre-listing token selection pool that allows transparency in the process of considering tokens for listing on Binance Exchange.
‘Get ready! Zora (ZORA) will be open for trading on Binance Alpha starting 13:00 April 23, 2025 (UTC),” Binance wrote earlier today.
Binance also announced an airdrop of up to 4,276 ZORA tokens for users that have purchased no less than $50 worth of tokens on Alpha. The exchange with over 250 million users wrote; “Exclusively for users who have totally purchased at least $50 on Alpha using Spot or Funding accounts on Binance Exchange between 00:00:00 March 22, 2025 (UTC) to 23:59:59 April 20, 2025 (UTC).”
ZORA Token Pre-Market Price
The pre-market data by Gate.io shows that ZORA is currently trading at $0.0236 as of this writing. This pre-market price shows a drop from above $0.03 recorded earlier on the day.
This pre-market price level shows that the Zora token airdrop is now worth around $23.6 million. Furthermore, the fully diluted market cap for the coin is around $300 million.
As the Zora token nears launch, the network has warned about potential scams, impersonations and fake contracts. “Look out for scams, impersonators, and fake contract addresses. Do not interact with anything that does not come from our official channels,” Zora warned.
Potential investors must thus be cautious as the launch of new tokens often serve as havens for scammers to scam unknowing investors. Nonetheless, the impending ZORA token launch highlights the flexibility and forward-thinking approach by the layer 2 network.
