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Binance Lists ZKsync and Launches Token Distribution Program

Binance Lists ZKsync and Launches Token Distribution Program

ZKsync (ZK) is being listed on Binance, a major cryptocurrency exchange, and the company will commence its token distribution program.

ZK trading pairs (ZK/BTC, ZK/USDT, ZK/FDUSD, ZK/TRY) are available to trade from 8 AM UTC of June 17th while withdrawals starting from 18th June. Nevertheless, this cryptocurrency will not be charged a listing fee by Binance but shall be marked with a “seed tag” due to probable high volatility.

ZK Token Distribution Program

From June 17th through July 16th , Binance is distributing up to 52,500 eligible users of their platform with the total number of ZK tokens being 10,500,000.

READ MORE: Changpeng Zhao Owns 64% of Binance Coin, Worth $61 Billion

For one to qualify for eligibility they should have transacted on the ZKSync Era network at least 50 times during the period February 23 – March 24, 2024.

The initial airdrop is scheduled for June 25th, 2024 and its important to note that distribution is first-come, first-served, with each eligible user ID receiving 200 ZK tokens.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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