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KuCoin Delists Polyhedra’s Token Amid Battle For ‘ZK’ Token Symbol

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Key Factors:

  • KuCoin Convert delists Polyhedra’s ZK token.
  • Polyhedra and zkSync battle over the identical ticker code.
  • Polyhedra manufacturers zkSync a “robber” for utilizing their ticker code.
KuCoin delists Polyhedra’s ZK token amid a scandal over the token ticker ‘ZK’ being claimed by each Polyhedra and zkSync. Bybit has adjusted the ticker image.

KuCoin Delists Polyhedra’s Token Amid Battle For ‘ZK’ Token Image

In a latest announcement, KuCoin Convert will probably be delisting Polyhedra’s ZK token at 8:00 on Might 31, 2024 (UTC). After the delisting, customers will now not be capable of commerce this token on KuCoin Convert. Nevertheless, on KuCoin’s Spot Buying and selling service, Polyhedra’s ZK token continues to be tradable.

KuCoin Delists Polyhedra Amidst Ticker Controversy

This has led the neighborhood to invest that KuCoin may be making ready for the itemizing of zkSync and would substitute Polyhedra’s ZK token with a brand new code.

Based on sources, a problem arose between the 2 ZK initiatives, Polyhedra Community and zkSync, when each selected the identical ticker code, ZK, for his or her tokens.

It began when Bybit introduced the itemizing of zkSync’s token on their platform, stating that it could bear the ZK ticker, whereas itemizing particulars would comply with. Notably, Bybit had listed Polyhedra’s ZK token two months prior.

To keep away from confusion between two initiatives with one ticker, Bybit determined to alter the ticker image for Polyhedra’s token.

Bybit is dedicated to offering a transparent and user-friendly buying and selling expertise. As a part of our ongoing efforts, we will probably be making changes to the ticker image for the Polyhedra Community token listed on our platform.

Bybit acknowledged in an announcement

Readmore: Excessive-Threat DeFi Initiatives Entice Billion Of {Dollars} In Bitcoin: Report

Conflicts Between zkSync and Polyhedra Over Ticker Code

Polyhedra felt wronged by this choice as a result of that they had been utilizing this token code for therefore lengthy and should now change it due to zkSync.

In a publish on X (previously Twitter), Polyhedra labeled zkSync as a “robber”and “thief”. They criticized zkSync for taking others’ rightful ticker names, stating that Web3 was by no means meant for such ‘bullying’.

We belief that the neighborhood understands the true which means of equity and justice.

Let’s see who will endorse such misconduct and who will stand because the guardian of equity and justice.

Nice job as a robber and a thief, not a blockchain builder. @zksync

— Polyhedra Community (@PolyhedraZK) Might 24, 2024

We belief that the neighborhood understands the true which means of equity and justice. Let’s see who will endorse such misconduct and who will stand because the guardian of equity and justice. Nice job as a robber and a thief, not a blockchain builder.@zksync

Polyhedra continued to criticize zkSync

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