Rubmar, a writer and translator with a passion for cryptocurrencies, delves into the recent drama surrounding ZkSync and its new token in the crypto community. ZkSync, known for its Ethereum Zero-Knowledge Layer-2 scaling solution, faced backlash after announcing an airdrop of its ZK token.
The airdrop, which aimed to distribute over 3.6 billion ZK tokens to eligible addresses, left many users dissatisfied with the token allocation they received. Some long-term users received a lower allocation than others with less volume or transactions, leading to disappointment. Additionally, some users who met the criteria were excluded from the airdrop, sparking further backlash.
To address these concerns, crypto exchange Binance announced the listing of ZK and introduced a new token distribution program. The program aims to distribute 10.5 million ZK tokens to users who meet specific criteria, including conducting at least 50 transactions on ZkSync Era between February 2023 and March 2024.
Despite the initial excitement surrounding the ZK token, its price plummeted by over 20% after its launch. The token started trading at $0.3 and reached $0.32 but retraced to the $0.24 price range in the following hours. While the price drop led to mixed reactions from the community, some users believe that ZK remains undervalued and see it as an opportunity in the long term.
Rubmar’s journey into the world of cryptocurrencies began in 2019 when she was introduced to Bitcoin and cryptocurrencies by a friend. However, it wasn’t until 2020 that she started to explore the industry more deeply. As she navigated the complexities of the crypto sphere, Rubmar discovered a newfound sense of financial control and freedom that traditional banking systems could not offer.
Her background in Literature and Linguistics equipped her with the skills needed for in-depth research and analytical thinking, allowing her to provide informative and easily understandable pieces about the crypto space. Through her writing, Rubmar aims to bridge the gap between newcomers and the crypto community, offering insights and perspectives on the latest developments in the industry.
In her free time, Rubmar indulges in various art forms, from music and dancing to scrapbooking and bookbinding. She also has a passion for learning new languages and cultures, constantly seeking to expand her knowledge and horizons. With a keen interest in the crypto community and its diverse perspectives, Rubmar strives to present engaging and educational content that resonates with readers from all backgrounds.
As the crypto industry continues to evolve and innovate, Rubmar remains committed to providing valuable insights and analysis to help readers navigate this dynamic and exciting space. Whether reporting on the latest news or offering a unique perspective, Rubmar’s goal is to make complex topics accessible and engaging for everyone.