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Binance ZK Listing Launched With Allocation of Additional 10.5 Million Tokens to Users

source-logo  coincu.com 17 June 2024 04:05, UTC

Key Points:

  • Binance ZK listing will take place at 08:00 (UTC), along with the distribution of additional airdrops to users.
  • The exchange will allocate 10.5 million ZK tokens to 52,500 users meeting specific criteria.
  • The additional airdrop responds to criticism of zkSync’s initial airdrop criteria.
Binance has announced the listing of zkSync (ZK), with trading set to commence at 08:00 (UTC).

Binance ZK Listing Starts Today

The new spot trading pairs will include ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY. According to the Binance ZK listing announcement, users can now deposit tokens, while withdrawals are expected to open at 08:00 (UTC) on June 18, 2024.

Following the Binance ZK listing, it will distribute an additional 10.5 million ZK tokens to 52,500 users who meet specific criteria.

To qualify, users must have completed at least 50 transactions on the zkSync Era network between February 2023 and March 2024, made transactions over at least seven different months (excluding self-transfers), and possess addresses that are not contracts, centralized exchanges (CEX), or bridges. Notably, addresses eligible for ZK Nation’s allocation program are excluded from this additional airdrop.

zkSync Responds to Community Airdrop Concerns

The additional airdrop aims to mitigate backlash from the zkSync community regarding the initial airdrop criteria announced on June 11. Criticisms centred on the perceived complexity and unfairness of the criteria, which were said to favour project and Sybil wallets while neglecting many genuine users who contributed significantly to the ecosystem.

Bybit is the first exchange to list ZK tokens; KuCoin also joined in supporting zkSync trading pairs, beginning at 07:30 UTC. Meanwhile, zkSync has been actively communicating to clarify the airdrop criteria and token distribution process. High-profile figures in the crypto space, including Justin Sun and the CEO of OKX, have voiced their concerns about the fairness of the airdrop, sparking discussions on whether to list the ZK token.

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