- On Monday, the ZKsync coin went live, and it is currently trading for about $0.25.
- ZK token pairs are available on Binance’s platform.
The ZKsync ZK -33.70% token, which is presently selling at about $0.25, became online on Monday and has been listed on several cryptocurrency exchanges alongside other trading pairings.
The coin now has a market capitalization of more over $935 million, with a fully diluted value of approximately $5.3 billion. There are presently around 3.6 billion ZKsync tokens in circulation out of a potential number of 21 billion.
ZKsync’s trading volume reached almost $99 million in the hours after introduction, according to Coingecko. On centralized cryptocurrency exchanges like KuCoin, Gate.io, and Bybit, ZK tokens can now be traded.
ZKsync token listed on Binance
Binance released the token at six a.m. EST along with spot trading pairings such ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY. Withdrawals from ZKsync will be permitted starting on June 18, 2024, at 4 a.m. EST.
The token distribution scheme, which the exchange also announced, will see 10.5 million ZK tokens distributed to qualified customers between June 17 and July 16, 2024.
In their announcement, Binance stated that the community’s continued concerns over the allocation of ZK tokens are acknowledged. The methodology used by the airdrop operation to exclude Sybil farmers is the source of the criticisms.
Con artists aiming for ZKsync
A rise in the number of malicious dapps targeting ZKSync has been reported by the Blockaid web3 security platform.
Malicious dApps posing as the ZkSync eligibility checker have increased dramatically, according to Blockaid, with a 5X rise on the day the checker was released “Blockaid reported on X.com on Thursday.
We are witnessing impersonation frauds, which are malicious dapps that utilize the ZK brand to trick consumers into signing fraudulent transactions. Drainer SDKs are being used by these harmful dapps to evade detection and get in front of users. Ido Ben-Natan, the CEO of Blockaid said that the con artists are utilizing the comment sections on X.com and Twitter to reach their intended audience.
ZKsync Era is a Layer 2 network that makes use of cutting-edge zero-knowledge proof technology to improve Ethereum’s scalability. Its goal is to increase Ethereum’s throughput while preserving the decentralization, independence, and self-sovereignty that are the foundation of the network at large.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
