News

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

Key Points:

  • KuCoin Convert delists Polyhedra’s ZK token.
  • Polyhedra and zkSync conflict over the same ticker code.
  • Polyhedra brands zkSync a “robber” for using their ticker code.
KuCoin delists Polyhedra’s ZK token amid a scandal over the token ticker ‘ZK’ being claimed by both Polyhedra and zkSync. Bybit has adjusted the ticker symbol.

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

In a recent announcement, KuCoin Convert will be delisting Polyhedra’s ZK token at 8:00 on May 31, 2024 (UTC). After the delisting, users will no longer be able to trade this token on KuCoin Convert. However, on KuCoin’s Spot Trading service, Polyhedra’s ZK token is still tradable.

KuCoin Delists Polyhedra Amidst Ticker Controversy

This has led the community to speculate that KuCoin might be preparing for the listing of zkSync and would replace Polyhedra’s ZK token with a new code.

According to sources, an issue arose between the two ZK projects, Polyhedra Network and zkSync, when both decided on the same ticker code, ZK, for their tokens.

It started when Bybit announced the listing of zkSync’s token on their platform, stating that it would bear the ZK ticker, while listing details would follow. Notably, Bybit had listed Polyhedra’s ZK token two months prior.

To avoid confusion between two projects with one ticker, Bybit decided to change the ticker symbol for Polyhedra’s token.

Bybit is committed to providing a clear and user-friendly trading experience. As part of our ongoing efforts, we will be making adjustments to the ticker symbol for the Polyhedra Network token listed on our platform.

Bybit stated in an announcement

Readmore: High-Risk DeFi Projects Attract Billion Of Dollars In Bitcoin: Report

Conflicts Between zkSync and Polyhedra Over Ticker Code

Polyhedra felt wronged by this decision because they had been using this token code for so long and must now change it because of zkSync.

In a post on X (formerly Twitter), Polyhedra labeled zkSync as a “robber”and “thief”. They criticized zkSync for taking others’ rightful ticker names, stating that Web3 was never intended for such ‘bullying’.

We trust that the community understands the true meaning of fairness and justice.

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

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

— Polyhedra Network (@PolyhedraZK) May 24, 2024

We trust that the community understands the true meaning of fairness and justice. Let’s see who will endorse such misconduct and who will stand as the guardian of fairness and justice. Great job as a robber and a thief, not a blockchain builder.@zksync

Polyhedra continued to criticize zkSync

SOURCE

Leave a Comment

egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr