Binance lists token ZK and launches airdrop plan! Available to over 50,000 users

Binance, the world’s largest centralized exchange, announced at 10:00 today that it will launch ZKsync (ZK) at 16:00 today and open the following spot trading pairs: ZK/BTC, ZK/USDT, ZK/FDUSD and ZK/TRY. In addition, the announcement stated that the ZK deposit channel has been opened and withdrawals will be opened at 16:00 on June 18.

In addition, the ZKsync airdrop has been opened for application at 15:00 today. Users can go to the official website to apply. The application period is until January 3, 2025.

What is ZKsync?

ZKsync is a Layer 2 extension solution for Ethereum, focusing on improving transaction processing speed and reducing transaction fees. In addition, ZKsync uses a technology called "Zero-Knowledge Proofs" to achieve this goal. This technique allows users to prove that they possess certain information without showing that information itself. In this way, ZKsync can ensure the validity and security of transactions without disclosing all transaction details.

By packaging multiple transactions together and processing them on Layer 2, ZKsync is able to significantly reduce the burden on the mainnet, thereby speeding up transactions and reducing fees. Users ultimately submit transaction results to the Ethereum mainnet to ensure security and finality.

Binance ZK Token Distribution Plan

On the other hand, seemingly in order to calm user anger, Binance plans to distribute the tokens from 10:00 on June 17, 2024 to July 17, 2024. 7:59 Distribute 10,500,000 ZK tokens to up to 52,500 Binance users who meet the following conditions:

• users between February 2023 and March 2024 (14 total month), initiate at least 50 transactions through ZKSync Era (the user is the "from" address in the transaction)

• in seven different months (February 2023 to 2024 Transactions were conducted during March 2018. Excluding self-transfer

• This claim address is not eligible for ZK tokens in the official ZKNation airdrop program

• This claim address is not a contract/ CEX/Bridge address.

How to claim tokens:

• Eligible users must deposit at least 0.02ETH to Binance from a whitelisted address on the ZKSync ERA network . (Please note: The amount of ETH deposited by the user will not affect the number of ZK tokens distributed)

• Only ETH deposited directly from the ZKsync active user whitelist is considered valid . Binance will also use these addresses as a reference for distribution

• Binance will use the ZKsync active user whitelist as a reference for distribution. ZK tokens will be distributed on a first-come, first-served basis to users who meet all the above criteria

• Binance will distribute 200 ZK tokens to each Binance User ID (UID) . In addition, if a user deposits 0.02ETH from multiple addresses to the same UID, they can only receive ZK tokens from the token distribution plan once. Binance will only distribute 200 ZK tokens to its UID.

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