Key Points
- Binance simply introduced the itemizing of ZKsync (ZK) with a token distribution program.
- Trading will open for ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY buying and selling pairs.
Binance simply revealed the ZKsync (ZK) itemizing with the ZK token distribution program. The trade is about to checklist the token at present, at 08:00 (UTC).
ZKsync is an Ethereum Layer 2 scaling answer that makes use of EVM-compatible ZK-SNARK roll-up know-how.
The itemizing will embody the next spot buying and selling pairs:
- ZK/BTC
- ZK/USDT
- ZK/FDUSD
- ZK/TRY
Binance famous that customers can begin depositing ZK in preparation for buying and selling. Withdrawals are set to open tomorrow, June 18, at 08:00 (UTC). The ZK itemizing price is 0 BNB.
In the official announcement, Binance revealed that ZK may have the Seed Tag utilized. The Seed Tag is a option to determine cryptos which are thought-about to be riskier and extra unstable than different cash. Binance makes use of the tag to assist customers make extra knowledgeable selections when investing in cryptocurrencies.
For customers operating Spot Copy Trading portfolios, pairs might be included by enabling them within the [Personal Pair Preference] part of the Spot Copy Trading settings.
Binance ZK token distribution program
The interval of this system is as follows: June 17 02:00 (UTC) – July 17 23:59 (UTC).
According to the announcement, Binance is providing 10,5 million ZK tokens to as much as 52.500 Binance customers who meet the next necessities:
- the initiation of no less than 50 transactions on ZKSync ERA (the place the customers are the “type” handle within the transaction” between February 20232 and March 2024 (14 months)
- conducting transactions in 7 distinctive months (between February 2023 and March 2024), excluding self-transfers
- the declare handle is just not eligible for ZK tokens from the official ZK Nation airdrop program
- the declare handle is just not a contract/CEX/bridge handle
Claiming ZK tokens from Binance
To declare ZK tokens from the trade, eligible customers should deposit a minimal of 0.02 ETH from the whitelisted handle(s) on the ZKSync ERA community to Binance.com.
Only ETH deposited straight from the next ZKSync lively person whitelists are thought-about as being legitimate. The trade will use these addresses as a reference for distribution.
ZK tokens might be distributed to customers primarily based on a first-come, first-served system in the event that they meet all the factors talked about above.
The trade will distribute 200 ZK to every Binance User ID (UID).
The first token airdrop will start beginning June 25.
Also, Bithumb, South Korea’s second-largest crypto trade, announced that it could launch ZKSync as nicely.
