Binance has announced that ZKsync (ZK) trading pairs are now available on its platform, along with a token distribution program aimed at addressing ongoing concerns from the community. This dual announcement is designed to boost confidence in ZKsync amid divided opinions and criticisms on social media platforms.

Deposits Open for Trading

Binance has opened deposits for ZK tokens in pairs such as BTC, USDT, FDUSD, and Turkish lira. Users can now deposit ZK tokens in preparation for trading and withdraw funds a day after the listing. This listing coincides with discussions surrounding the ZKsync AirDrop.

Token Distribution Program Launched

In response to community criticisms regarding the ZKsync AirDrop, Binance has launched a token giveaway program. The cryptocurrency exchange plans to distribute 10.5 million ZK tokens to approximately 52,500 users who have completed at least 50 ZKsync Era transactions spread over at least seven different months between February 2023 and March 2024. Additionally, eligible users must not have claimed any ZK tokens through the official ZK Nation AirDrop program. Binance plans to conduct the first token AirDrop on June 25.

Community Criticisms and Concerns

The community's reaction primarily revolves around the ZK token distribution announced by the ZKsync Foundation last week. Criticisms emerged due to perceived security vulnerabilities in the AirDrop program, particularly the lack of measures to prevent Sybil attacks where individuals create multiple fake accounts to accumulate more tokens. Prominent figures in the cryptocurrency world, like Mudit Gupta, Chief Information Security Officer of Polygon, highlighted these issues. Gupta described the ZKsync AirDrop as the most farmable and farmed AirDrop to date, pointing out the absence of effective Sybil filtering mechanisms.

Addressing Concerns

Although the ZKsync team acknowledged the community's dissatisfaction, they remained committed to the chosen token distribution program. They attempted to address concerns through a series of frequently asked questions, claiming no significant issues were found in the AirDrop program. Despite the criticisms, the team decided to proceed as planned, aiming to reassure users through transparency and engagement.