As a researcher with a background in cryptocurrency and blockchain technology, I’m excited about Binance’s decision to list ZKsync (ZK) and launch a token distribution program for the project. This move reflects Binance’s commitment to offering users access to innovative blockchain platforms and their associated tokens.
Starting June 17th at 8 AM UTC, Binance, the leading crypto exchange in terms of trading volume, will introduce ZKsync (ZK) and initiate a token distribution program for this project. As a result, traders on Binance will be able to conduct spot transactions using ZK pairs, broadening the exchange’s selection of cryptocurrencies. This addition underscores Binance’s commitment to providing users with access to innovative blockchain projects and their associated tokens.
New Trading Pairs and Features
Beginning on June 18, 2024, 8:00 AM UTC, Binance is set to introduce new trading options for the ZKsync (ZK) token. These pairs consist of ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY. Users can now deposit their ZK tokens in anticipation of trading, which will be activated shortly. Meanwhile, starting from the same date, withdrawals of ZK tokens are open for processing.
Binance has forgoes imposing a listing fee on ZK, making it more convenient for users. However, a “seed tag” label will be attached to ZK on Binance’s platform. This marker signifies that the token may exhibit significant price swings and risk. Binance employs this tagging mechanism to aid users in navigating the volatile cryptocurrency marketplace.
ZK Token Distribution Program
Starting from June 17, 2024, and ending on July 16, 2024, Binance is conducting a token giveaway for the ZK cryptocurrency. During this phase, Binance plans to distribute a sum total of 10,500,000 ZK tokens among approximately 52,500 eligible users. To become eligible for this distribution, users must meet the following requirements: they must have executed at least fifty (50) transactions on the ZKSync Era network between February 2023 and March 2024. Additionally, these transactions must cover a minimum of seven distinct months within that timeframe.
Users who obtained ZK tokens through the ZK Nation official airdrop or have contract, exchange, or bridge addresses do not meet the eligibility requirements. To qualify, users must deposit a minimum of 0.02 ETH from approved ZKSync Era wallets to Binance.
As a crypto investor, I want to clarify that the amount of Ether you deposit doesn’t determine the number of ZK tokens you’ll receive in the upcoming airdrop. The airdrop is scheduled for June 25th, 2024, and it’s essential to remember that the distribution is on a first-come, first-served basis. Each eligible user ID will receive 200 ZK tokens.
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2024-06-17 09:49