On June 17, the cryptocurrency exchange Binance launched spot trading for the native token of the second-layer network zkSync (ZK) and announced a token distribution program.

Trading ZK is available in pairs with Bitcoin, USDT, FDUSD, and Turkish Lira. Withdrawals will be possible starting June 18.

In response to the “community's concerns about token distribution,” Binance will offer 10.5 million ZK tokens to 52,500 users who meet the following criteria:

• The wallet must have initiated at least 50 transactions on the zkSync Era network between February 2023 and March 2024.
• Transactions must have been conducted in seven different months within the specified period.
• The address must not have received an official airdrop from zkSync.
• The wallet must not be associated with a smart contract address, centralized exchange (CEX), or cross-chain bridge.

Users who meet these criteria must deposit at least 0.02 ETH from a whitelisted wallet on the zkSync Era network to Binance.

The exchange will also distribute 200 ZK to each verified Binance user with a unique identifier (UID) who makes the minimum deposit. The first token distribution will begin on June 25.

Previously, the zkSync community expressed dissatisfaction with an unsuccessful airdrop, as only 13% of wallets were able to participate, many of which turned out to be “sybils”.

It should be noted that the developers plan to distribute 3.6 billion ZK among early network participants. Token claims will be available starting June 24.