ZkSync, an Ethereum Layer 2 network developed by Matter Labs, plans to host its token generation event (TGE) this week, two sources with knowledge of the matter told The Block.

The token launch, including an airdrop, will follow within the next 30 days after the TGE, the sources said. The token will have a total supply of 21 billion tokens, they added.

ZkSync is currently aiming at around June 13 for the airdrop, with the company noting that it would be before Blast's token airdrop on June 26, according to an internal message screenshot seen by The Block.

ZkSync wants the ticker ZK for its token, one source said, but since Polyhedra Network has already claimed that ticker, it has created some issues, the source added. They noted that ZkSync could still go with the ZK ticker and also …