Binance lists ZKsync (ZK) with distribution program

• Binance will checklist ZKsync (ZK) on Monday, June 17.
• The change will add ZK/BTC, ZK/USDT, ZK/FDUSD and ZK/TRY spot buying and selling pairs.
• Binance has additionally revealed a ZK distribution program focused at customers who meet set standards.

Binance plans to checklist ZKsync (ZK) on Monday, June 17, including buying and selling pairs for BTC, USDT, FDUSD and the Turkish Lira.

In an announcement early Monday, Binance notified its customers that deposit for ZK, the native token of the Ethereum Layer 2 scaling resolution ZKsync, was now open.

Per the announcement, the change will add ZK/BTC, ZK/USDT, ZK/FDUSD and ZK/TRY spot buying and selling pairs on June 17 at 08:00 am UTC. Withdrawals open on June 18 at 08:00 am UTC.

Binance proclaims ZK distribution program

ZKsync’s airdrop distribution has elicited criticism and issues from throughout the crypto group.

Binance says it’s going to distribute ZK tokens to its customers that meet sure situations, together with the standards that “the declare handle was not eligible for ZK tokens from the official ZK Nation airdrop program.”

The ZK distribution program goals at benefiting those that might have missed out on the ZK Nation airdrop, a transfer Binance sees as one strategy to handle group issues. An estimated 52,500 Binance customers are eligible for the ten.5 million ZK airdrop.

“In gentle of the continuing issues from the group round ZK token distribution, Binance is providing 10,500,000 ZK tokens to as much as 52,500 Binance customers,” the change wrote.

Other than the declare pockets not being already eligible for ZKsync airdrop, Binance says its distribution would require that customers will need to have carried out not less than 50 ZKsync Period transactions over 14 months – between February 2023 and March 2024.

The transactions also needs to have occurred inside seven completely different months throughout the snapshot interval. Self-transfers don’t rely as does contract, CEX or bridge addresses.

Binance plans the primary ZK airdrop in its program to start on June 25, 2024. Token distribution might be on a “first-come, first-served foundation,” with solely wallets that meet listed standards eligible.