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Key Notes
- Community criticism on the ZK airdrop stemmed from a lack of Sybil attack prevention and the alleged disproportion in distribution
- Binance will list the trading pairs starting 8AM UTC today, alongside a token distribution program to address the concerns
- The exchange’s ZK token giveaway targets users with 50+ transactions over 7 months, excluding airdrop claimants
Binance announced earlier today that it plans to list ZKsync (ZK) trading pairs and a token distribution program designed to address community concerns about the ZK token airdrop.
The listing for ZKsync trading pairs begins today at 8AM UTC, with the token available for spot trading. Trading pairs will be provided for BTC, USDT, FDUSD, and the Turkish Lira. Prior to its launch, Binance users may deposit ZK to prepare, with withdrawals opening a day after the listing. The listing is scheduled to take place an hour after the official ZKsync airdrop claims begin.
Community criticism
On June 14, crypto exchange Bybit opened deposits for ZKsync despite concerns about the token’s airdrop strategy. OKX CEO Star posted questions on X regarding this trend, asking whether the “crypto influencers” tagging ZKsync as a “scam” were doing so because “the airdrop doesn’t meet the original community expectations[?].”
One X user named 0xKingdra.eth tried to summarize the contentions surrounding the community criticism against ZKsync.
” […] normal users who have been supporting and adding value to zksync for 3-4 years are not eligible. 60% of the airdrop was distributed to only 50k wallets, while the zk distributed to 9203 wallets is 25% of the airdrop (917m zk). While wallets that have been using zksync for 3-4 years were eliminated for airdrop due to the balance requirement, wallets that held some NFTs and Shitcoins in their wallets received disproportionate multipliers,” the X user explained.
To this end, Binance acknowledged in its announcement that there are “ongoing concerns” from the community surrounding the ZK token distribution, which was first announced by the ZKsync Association last week.
The criticism appears to stem from the airdrop program’s lack of…
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