Binance has announced that it will be listing ZKsync (ZK) on Monday, June 17, offering trading pairs for BTC, USDT, FDUSD, and the Turkish Lira. The exchange will open deposits for ZK, the native token of the Ethereum Layer 2 scaling solution ZKsync, starting on that day. Trading pairs for ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY will be available on June 17 at 08:00 am UTC, with withdrawals opening on June 18 at the same time.
In response to criticism and concerns surrounding ZKsync’s airdrop distribution, Binance has introduced a ZK distribution program. This program is aimed at users who meet specific conditions, such as not being eligible for ZK tokens from the official ZK Nation airdrop program. Approximately 52,500 Binance users are eligible for the 10.5 million ZK token airdrop.
To qualify for the ZK distribution program, users must have conducted at least 50 ZKsync Era transactions over a 14-month period, between February 2023 and March 2024. These transactions must have taken place in seven different months during the snapshot period, and self-transfers, contract, CEX, or bridge addresses will not be counted.
The first ZK token airdrop in Binance’s program is scheduled to start on June 25, 2024. Token distribution will be on a first-come, first-served basis, with only wallets meeting the specified criteria being eligible.
This move by Binance aims to address the concerns raised by the community regarding ZK token distribution. The exchange is offering 10,500,000 ZK tokens to up to 52,500 Binance users who may have missed out on the ZK Nation airdrop, emphasizing fairness and inclusivity in the distribution process.