Cryptocurrency exchange giant Binance is expanding its offerings yet again, listing ZKsync (ZK) with several trading pairs and a token distribution program. This move signifies Binance’s commitment to providing users with access to innovative blockchain projects and their native tokens.
ZK Spot Trading Goes Live on Binance
Starting June 17th, 2024, at 8:00 AM UTC, users can participate in ZKspot trading on Binance. This launch includes various trading pairs for ZK, including ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY. Users can begin depositing ZK tokens in anticipation of the trading commencement. Withdrawals will be enabled a day later, on June 18th, 2024, at the same UTC time.
Binance Offers Fee-Free Listing with a Seed Tag Caution
It’s noteworthy that Binance is not charging any listing fee for ZK, making it readily accessible for users. However, Binance has assigned a “seed tag” designation to ZK. This label serves as a warning for potential high volatility and inherent risk associated with the token. By employing this tagging system, Binance aims to empower users with information for informed decision-making in the dynamic cryptocurrency market.
Token Distribution Program Rewards Active ZKsync Users
In conjunction with the listing, Binance is running a token distribution program for ZK from June 17th to July 16th, 2024. A total of 10,500,000 ZK tokens will be distributed among up to 52,500 eligible users.
Also Read: Ex-Binance CEO CZ Owns 64% of BNB (Conflict of Interest? $61 Billion at Stake!)
Eligibility Criteria for the ZK Token Distribution
To be eligible for the ZK token distribution program, users must have a history of actively using the ZKSync Era network. Specifically, they need to have conducted at least 50 transactions on this network between February 2023 and March 2024, with transactions spread across at least 7 distinct months within that period. It’s important to note that users who received ZK tokens from the official ZK Nation airdrop or those using contract, exchange, or bridge addresses are not eligible for this program.
Claiming ZK Tokens on Binance
Qualifying users must deposit a minimum of 0.02 ETH from whitelisted ZKSync Era addresses to their Binance account. The amount of ETH deposited does not influence the number of ZK tokens received. The initial token distribution is scheduled for June 25th, 2024, with a first-come, first-served approach. Each eligible user will receive 200 ZK tokens.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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