Binance, the leading cryptocurrency exchange, has announced the listing of ZKsync (ZK) on its platform. This move reflects Binance's commitment to offering its users access to promising blockchain platforms and their tokens.

Starting June 17, 2024, at 8 AM UTC, Binance will introduce several new trading pairs for the ZKsync (ZK) token, including ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY. Users can begin depositing ZK tokens in preparation for trading, which will be enabled soon. Withdrawals of ZK will be available starting June 18, 2024, at 8:00 AM UTC.

Notably, Binance has decided not to charge a listing fee for ZK, making it more accessible to users. However, ZK will carry a "seed tag" designation from Binance, indicating that the token may experience high volatility and risk. This tagging system helps users navigate the often unpredictable cryptocurrency market.

Alongside the listing, Binance is launching a token distribution program for the ZK cryptocurrency, running from June 17th to July 16th, 2024. During this period, they will distribute a total of 10,500,000 ZK tokens to up to 52,500 eligible Binance users. To qualify, users must have made at least 50 transactions on the ZKSync Era network between February 2023 and March 2024, spanning at least 7 different months in that timeframe.

Users who received ZK tokens from the official ZK Nation airdrop or those with contract, exchange, or bridge addresses are not eligible. Qualifying users need to deposit a minimum of 0.02 ETH from whitelisted ZKSync Era addresses to Binance. The initial airdrop is scheduled for June 25th, 2024, and it's important to note that distribution is first-come, first-served, with each eligible user ID receiving 200 ZK tokens.

This move by Binance showcases the exchange's commitment to expanding its cryptocurrency offerings and providing its users with access to innovative blockchain projects like ZKsync.