Binance will list ZKsync and distribute 10,500,000 ZK tokens for a limited time

Binance will list ZKsync (ZK) on June 17, 2024, at 16:00 (UTC+8) and open the following spot trading pairs: ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY.

Binance ZK Token Distribution Plan

Distribution Period: From June 17, 2024, 10:00 to July 17, 2024, 07:59 (UTC+8).
Binance will distribute 10,500,000 ZK tokens to a maximum of 52,500 Binance users who meet all of the following criteria:

• Users have initiated at least 50 transactions via ZKSync Era (where the user is the "sender" address) between February 2023 and March 2024 (a total of 14 months).
• Users have conducted transactions in seven different months (excluding self-transfers) between February 2023 and March 2024.
• The claiming address is not eligible for ZK tokens under the official ZK Nation airdrop plan.
• The claiming address is not a contract, CEX (centralized exchange), or bridge address.

How to Claim:

1. Eligible users must deposit at least 0.02 ETH from a whitelisted address on the ZKSync ERA network to the Binance website. (Note: The amount of ETH deposited by users will not affect the number of ZK tokens distributed.)
2. Only ETH deposits directly from the following ZKSync active user whitelist addresses will be considered valid. Binance will also use these addresses as references for distribution:
3. Binance will use the ZKSync active user whitelist as a reference for distribution. ZK tokens will be distributed on a first-come, first-served basis to users who meet all the above conditions.
4. Binance will distribute 200 ZK tokens to each Binance User ID (UID).

• User Whitelist 1
• User Whitelist 2
• User Whitelist 3
• User Whitelist 4

About ZKsync（ZK）

ZKsync is a Layer 2 scaling solution that preserves the security properties of the underlying blockchain by leveraging the latest generation of succinct zero-knowledge proofs. In ZKsync, all funds are held in smart contracts on the main chain, while computation and storage occur off-chain. For each Rollup block, a state transition zero-knowledge proof (SNARK) is generated and verified by the main chain contract. This SNARK includes proofs of validity for each transaction within the Rollup block.

Team members

ZKsync is developed and maintained by Matter Labs. Matter Labs is a company dedicated to blockchain scaling solutions, with team members including experts with deep backgrounds in cryptography, blockchain technology, and software development.

Development progress

Matter Labs has raised over $250 million in multiple rounds of financing during its development process.

Investors in Matter Labs include prominent venture capital firms and key members of the crypto community. For example:

• Union Square Ventures: A well-known venture capital firm focused on early-stage investments in startups.
• Placeholder: An investment firm specializing in cryptocurrencies and blockchain technology.
• Other participating institutions include ConsenSys, a16z (Andreessen Horowitz), among others.

Development Prospects

The development prospects for ZKsync are promising as Matter Labs continues to enhance its technology and add more features.

As an innovative Layer 2 scaling solution, ZKsync benefits from its technical advantages, strong investor support, and expanding use cases. With ongoing technological advancements and continuous market growth, ZKsync is poised to become a key component of the blockchain ecosystem in the future.