Binance Announces $2M+ ZKSync Airdrop After ZK Listing

Following the listing of ZKsync, Binance has launched a reward program to distribute 10.5 million ZK tokens to over 52,000 eligible users.   

Binance has listed ZKsync under multiple spot trading pairs. The exchange opened trading and deposits for ZK today at 08:00 (UTC), according to a blog post. However, withdrawal service will be available tomorrow, June 18, at 08:00 (UTC). 

Binance to Distribute 10.5M ZK 

In addition to the ZK listing, Binance announced a reward program, with the exchange offering 10.5 million tokens to 52,500 eligible users. At press time, the 10.5M ZK tokens are worth $2.69 million. The one-month reward program will run from June 17 at 02:00 (UTC) to July 16 at 23:59 (UTC). 

Binance noted that it will distribute the tokens based on four criteria. The first criterion includes eligible users who initiated a minimum of 50 transactions on ZKSync Era between February 2023 and March 2024.

Second, these transactions must occur within the timeframe stated above for seven months, with the exclusion of self-transfer.

For the third criterion, the Binance airdrop is for addresses that did not receive ZK tokens from the official ZK Nation airdrop. Lastly, this requires that the claim address is not a contract, bridged, or linked to a centralized exchange. 

For those who meet the eligibility criteria, the process to claim the ZK tokens is straightforward. Users are required to deposit at least 0.02 ETH ($69.84) from the ZKsync whitelisted address. Once this is done, the exchange will distribute 200 ZK tokens to eligible users on a first-come, first-served basis. The first ZK airdrop is scheduled to commence on June 25.  

Major Exchanges List ZK 

The announcement comes a few minutes after ZK officially went live. Besides Binance, other major exchanges have also listed and opened trading for the token, including KuCoin, Bybit, and Gate.io. 

ZK is currently trading at $0.2566. With a total supply of 21 billion tokens, and only 3.675 billion in circulation, the token’s market cap stands at an impressive $ 933.72 million. In just a few hours after its launch, ZK has already secured the 76th position on CoinMarketCap, with a 24-hour trading volume of $544.7 million.