Binance has announced the listing of ZKsync (ZK) with new trading pairings and the launch of a token distribution program to commence trading on June 17, 2024.
ZKsync (ZK) is listed on Binance, the most popular cryptocurrency exchange in terms of trading volume. Additionally, the exchange is initiating a token distribution program for the project.
Binance will expand its selection of supported cryptocurrencies by introducing ZK spot trading pairs at 8 AM UTC on June 17. The listing indicates Binance’s commitment to providing users access to prospective blockchain platforms and their tokens.
Binance New Trading Pairs and Features
Binance is introducing several new ZKsync (ZK) token trading pairings. These include ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY. In anticipation of the forthcoming trading feature, users may commence depositing ZK tokens. The withdrawal of ZK will be accessible beginning at 8:00 AM UTC on June 18, 2024.
It is worth noting that Binance has elected not to impose a listing fee for ZK, thereby increasing its accessibility to users. Nevertheless, Binance will assign ZK the designation of “seed tag.” This designation suggests the token may be subject to significant volatility and risk. Binance implements this labeling system to assist users in navigating the frequently unpredictable cryptocurrency market.
ZK Token Distribution Program
From June 17 to July 16, 2024, Binance will implement a token distribution program for the ZK cryptocurrency. During this period, they will distribute 10,500,000 ZK tokens to up to 52,500 eligible Binance users.
To qualify, users must have conducted at least 50 transactions on the ZKSync Era network between February 2023 and March 2024, each occurring in at least seven distinct months.
Nevertheless, individuals who received ZK tokens from the official ZK Nation airdrop or who have contract, exchange, or bridge addresses are ineligible. To qualify, users must deposit a minimum of 0.02 ETH from allowed ZKSync Era addresses to Binance.
The sum of ETH deposited does not influence the quantity of ZK tokens received. The initial airdrop is scheduled for June 25, 2024, and it is crucial to emphasize that the distribution is based on a first-come, first-served basis. Each eligible user ID will receive 200 ZK tokens.