Binance lists zkSync (ZK) with ZK token distribution program

Binance lists zkSync (ZK) with ZK token distribution program

Binance, the largest cryptocurrency exchange platform by volume, announced it will list zkSyncs ZK token on Monday, June 17th. The ZK token will be listed with multiple trading pairs. Binance also said it would roll out a ZK token distribution program to address the ongoing concerns within the ZK community.

The crypto exchange announced that it will list the ZK token and consequently open trading for its pairs. According to the announcement, the Binance exchange will list zkSyncs ZK under four trading pairs: ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY. The Binance exchange will open withdrawals for the token on Tuesday, the 18th, just a day after the listing.

The ZK ticker symbol will represent the native token of zkSync, which is a layer 2 scaling solution on the Ethereum network. The zkSync token airdrop was scheduled for today, June 17th, which coincides with its listing on Binance. The ZK community expects to receive the ZK airdrop tokens today, while the Binance listing is scheduled for an hour later.

In the announcement, Binance also expressed intentions to clear up the ZK token airdrop issues. Binance Exchange is committed to releasing a Binance ZK token distribution program to address ZK airdrop concerns.

Alongside the ZK token listing, Binance is also offering 10,500,000 ZK tokens in its distribution program. The exchange platform plans to distribute the tokens to up to 52,500 users. The exchange has also issued eligibility criteria for those interested in the token distribution program.

To be eligible, users must have initiated at least 50 transactions on the zkSyc Era. Meaning that the transactions must begin with the users address. The 50 transactions should have been recorded between February 2023 and March 2024, totaling 14 months.

During the same period, the users address must have also been used to make transactions in seven different months. These transactions should not be self-transfers. Additionally, user addresses should not have qualified for airdrops from the official ZK Nation airdrop. Binance also announced that the eligible recipient addresses should not be of a contract, CEX, or bridge.

Eligible users will be required to deposit a minimum of 0.02 ETH to Binance.com. However, the exchange announced that the total ETH amount deposited on the users Binance account would not affect the amount of ZK tokens to be received.

The crypto exchange has mentioned that the ZK tokens will be distributed on a first-come, first-served basis to all eligible user addresses. According to the announcement, every eligible user will receive 200 ZK tokens. The first airdrop from this token distribution program will begin on June 25th.