ZKsync (ZK) Listed on Binance: New Trading Pairs and Token Distribution Program
Binance, known as the world’s leading cryptocurrency exchange in terms of trading volume, has introduced ZKsync (ZK) to its listing and initiated a ZK token distribution campaign. The exchange set the start of trading for these new spot trading pairs on June 17, 2024, at 08:00 UTC.
New Spot Trading Pairs and Listing Details
With ZKsync (ZK) onboard, Binance will offer the following trading pairs: ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY. Traders can deposit ZK tokens in advance of trading, and withdrawals will be enabled on June 18, 2024, at 08:00 UTC. Notably, there will be no listing fee for ZK on Binance.
- ZK/BTC pair
- ZK/USDT pair
- ZK/FDUSD pair
- ZK/TRY pair
- Users can start depositing ZK tokens for trading
- Withdrawals will open on June 18, 2024
- No listing fee for ZK on Binance
ZKsync Overview
ZKSync functions as an Ethereum Layer 2 scaling solution leveraging ZK-SNARK roll-up technology compatible with the Ethereum Virtual Machine (EVM). This approach targets enhancing the scalability and efficiency of Ethereum transactions while ensuring security.
ZK Token Distribution Program
Simultaneously, Binance has launched a ZK token distribution initiative running from June 17 to July 16, 2024. This program will see a total of 10,500,000 ZK tokens distributed to a maximum of 52,500 Binance users based on specific criteria:
- Minimum of 50 transactions on ZKSync Era network between February 2023 and March 2024
- Transactions in at least seven distinct months within the specified period
- Eligible address without previous ZK tokens from the official ZK Nation airdrop or being a contract, CEX, or bridge address
How to Claim ZK Tokens
Eligible users are required to deposit a minimum of 0.02 ETH from whitelisted addresses on the ZKSync ERA network to Binance.com. The quantity of ZK tokens issued is not influenced by the ETH deposit amount. The distribution of ZK tokens will operate on a first-come, first-served basis, with each qualifying Binance User ID (UID) receiving 200 ZK tokens. The initial token airdrop is slated to kick off on June 25, 2024.
Important Notes
Binance emphasizes that ZK is a relatively new token with heightened risks and potential for considerable price volatility. Traders are urged to engage in detailed research and employ effective risk management strategies before dealing with ZK tokens. To access seed-tagged tokens, users must complete corresponding assessments every 90 days on Binance Spot and/or Binance Margin platforms.
Additional Information
Trading eligibility for the new pairs is contingent on the user’s country or region of residence. Individuals from certain restricted regions, such as Canada, Cuba, Iran, and the United States, will be unable to trade the new pairs. The list of prohibited countries can evolve in response to legal and regulatory changes. Binance retains the right to modify or revoke the announcement at any point without previous notification, encouraging users to stay informed through official Binance communication channels.
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