Altcoin
Binance Announces the Listing of ZKsync (ZK), Here’s Al
Binance, the leading cryptocurrency exchange by trading volume, is listed ZKsync (ZK) and the launch of a token distribution program for the project. ZK spot trading pairs will go live on June 17 at 8:00 UTC, expanding the range of cryptocurrencies supported by Binance. The listing reflects Binance’s focus on offering users access to promising blockchain platforms and their tokens.
New trading pairs and features
Binance is introducing several new trading pairs for ZKsync (ZK) token
. These include ZK/BTC, ZK/USDT, ZK/FDUSD and ZK/TRY. Users can start depositing ZK tokens in preparation for trading, which will be enabled soon. ZK withdrawals will be available starting June 18, 2024 at 8:00 UTC.
In particular, Binance decided not to charge a sign-up fee for ZK, making it more accessible to users. However, ZK will carry Binance’s “seed tag” designation. This indicates that the token may have high volatility and risk. Binance uses this tagging system to help users navigate the often unpredictable cryptocurrency market.
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ZK token distribution program
Binance is launching a token distribution program for ZK cryptocurrency
, from June 17 to July 16, 2024. During this period, they will distribute a total of 10,500,000 ZK tokens to up to 52,500 eligible Binance users. To qualify, users must have made at least 50 transactions on the ZKSync Era network between February 2023 and March 2024, spanning at least 7 different months within that time frame.
However, users who received ZK tokens from the official ZK Nation airdrop or those with contract, exchange or bridge addresses are not eligible. Qualified users must deposit a minimum of 0.02 ET from ZKSync Era addresses authorized to Binance.
The amount of ETH deposited does not affect the number of ZK tokens received. The initial airdrop is scheduled for June 25, 2024, and it is important to note that distribution is on a first-come, first-served basis, with each eligible user ID receiving 200 ZK tokens.
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