Binance has officially declared the inclusion of ZKsync (ZK) trading pairs, following the footsteps of other major exchanges. This announcement comes amid ongoing scrutiny over the airdrop of ZK tokens and signifies a crucial moment for ZKsync, an Ethereum Layer 2 scaling solution utilizing ZK-SNARK roll-up technology.
Starting at 8 a.m. UTC on Monday, users on Binance can trade ZK against BTC, USDT, FDUSD, and the Turkish Lira. The exchange has also initiated ZK deposits in advance, with withdrawals scheduled to begin the day after the listing.
Along with the trading pair launch, Binance has disclosed a token distribution program designed to address the significant community interest in the ZK token airdrop. Approximately 52,500 users will receive 10.5 million ZK tokens through this initiative, though criticism of the airdrop process has escalated.
The decision to list ZKsync on Binance echoes similar actions taken by exchanges like Bybit and Bitget, all of which acknowledge the importance of integrating ZK-SNARK roll-up technology. These exchanges are responding to community concerns, particularly regarding the transparency of ZK token distribution.
While excitement over the ZK airdrop is high, critics have raised concerns about potential vulnerabilities such as susceptibility to Sybil attacks. Additionally, ZKsync’s airdrop strategy has generated mixed reactions on social media, with some community members labeling the project as fraudulent. The controversy largely stems from the stringent eligibility criteria for receiving ZK tokens, which require active engagement across various smart contract networks and ERC-20 token trading.
On June 11, ZKSync announced a highly anticipated token airdrop for its community of 7 million users. However, the distribution of ZK tokens through the ZK rollup will only reach 695,232 wallets.
