- June 18, 2024
- Posted by: [email protected]
- Category:
Binance, the largest cryptocurrency exchange platform by volume, has listed ZKsync’s ZK token today, Monday, June 17th, at 8:00 AM UTC for spot trading, as previously announced. The exchange offer pairs with BTC, USDT, FDUSD, and the Turkish Lira. Binance users can already deposit ZK and start trading, with withdrawals enabled the day after the listing. This listing is timed to coincide with the ZKsync airdrop claims, while trading commenced just one hour after the claims process began.
In a move to encourage participation, Binance has waived its typical listing fee for ZK. This makes the token more accessible for users, as they won’t have to pay an additional cost to trade it. However, Binance has assigned a “seed tag” designation to ZK, acknowledging the token’s potential for high volatility and risk. This tagging system, utilized by Binance to help users navigate the often unpredictable crypto market, serves as a cautionary note to traders.
The exchange also announced that it is expanding its ZKsync (ZK) trading options, introducing a suite of new trading pairs: ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY. Users can now begin depositing ZK tokens to trade on the exchange. Withdrawals for ZK will become available on June 18, 2024, at 8:00 AM UTC.
Along with the ZK token listing, Binance is offering whoop ZK tokens through its distribution program for ZKsync (ZK) users, running from June 17th to July 16th. A total of 10.5 million ZK tokens will be distributed to up to 52,500 eligible Binance users who meet specific criteria on the ZKSync Era network.
To qualify for this airdrop, users must have completed at least 50 transactions on the ZKsync Era network between February 2023 and March 2024, covering a period of 14 months. These transactions must have been spread across at least seven distinct months within this period, excluding transactions involving self-transfers.
