zkVerify (VFY) To Launch on Binance Alpha and Futures on September 30, With Airdrop

Key Takeaways:

• Binance has announced that it will be the first platform to launch zkVerify (VFY) on September 30.
• Eligible Binance users will claim the $VFY airdrop using Binance Alpha Points.
• The VFYUSDT perpetual contract will be launched on September 30, 12:00 (UTC).

Binance has announced that it will be the first platform to feature zkVerify (VFY), a decentralized network for ultra-efficient zero-knowledge proof verification. In celebration of the launch, Binance Alpha will host an exclusive $VFY airdrop for eligible users.

After the Binance Alpha launch, Binance will also feature VFYUSDT. In this article, you'll find all that you need to know about the zkVerify project, the Binance Alpha airdrop, and how to claim $VFY tokens.

zkVerify (VFY) Binance Alpha Launch Details 

• Project Name: zkVerify
• Token Ticker: $VFY
• Airdrop Duration: September 30, 11:30 (UTC)
• Airdrops Rewards: TBA (To Be Announced)
• Platform: Binance Alpha
• Eligibility Requirements: Details coming soon 

How To Participate in the $VFY Airdrop Campaign

zkVerify will officially begin trading on the Binance Alpha platform on September 30, 11:30 (UTC). When zkVerify is listed, eligible users can begin applying for the $VFY airdrop. Eligibility for this airdrop is based on holding Alpha Points, and people who meet this requirement can claim $VFY tokens:

• Locate zkVerify (VFY) on the Alpha Event page.
• Apply for the $VFY airdrop (available only once), and a claim cost of 15 Alpha Points will be deducted from your account.
• Claim the $VFY tokens allocated to you within 24 hours, or it will be considered that you forfeited your claim to the airdrop. After you claim and confirm the airdrop $VFY, the tokens will be credited to your Binance Alpha account. 

To participate in more Alpha campaigns, read about the Falcon Finance Airdrop and the OpenEden Labs Airdrop. 

Follow official Binance pages on social media platforms to know the exact eligibility requirements.

Spot Futures Launch Details for zkVerify

After the zkVerify Alpha Airdrop, Binance will launch the VFYUSDT Perpetual Contract. The details are contained below:

• Launch Time: September 29, 12:00
• Pairs: USDT, USDC, BNB, FDUSD, and TRY
• Funding Fee Settlement Frequency: Every Four Hours
• Maximum Leverage: 50x

The VFYUSDT perpetual contract will be included in the Binance Futures New Listing Fee Promotion campaign. It will also be launched on the Futures Copy Trading platform within 24 hours of launch.

About the zkVerify Project

zkVerify is the next-generation proof verification layer built to support a wide range of cryptographic proofs, especially zero-knowledge proofs (ZKPs), in a fast, cheap, and easy-to-integrate environment. Proofs can be verified on the L1 blockchain in less than a second, with low latency and few bottlenecks, and zkVerify can be connected to existing systems seamlessly.

zkVerify supports multiple zero-knowledge proving schemes and can be integrated seamlessly with existing systems. This universality implies that developers do not have to make expensive redesigns or face the difficulty of adjusting to new verification protocols.

zkVerify claims to reduce proof verification costs by up to 91% compared to doing those verifications directly on L1 blockchains like Ethereum. The project aims to provide a new level of reliability and allow verifying proofs anywhere and of any kind with minimum maintenance and maximum performance.