A heated dispute has erupted between Polyhedra and zkSync over the ticker image “ZK.” The controversy services round zkSync’s coming near near token technology tournament (TGE) and subsequent airdrop, and its desire to name its token ZK, which had already been taken by Polyhedra.

On Tuesday, the Polyhedra crew publicly contested zkSync’s strive to declare the ticker, which Polyhedra asserts it has already secured. In a put up on X, Polyhedra accused zkSync of spreading misinformation and failing to have interaction in insist conversation to resolve the matter. “If each mission that has issued tokens faces the threat of having its ticker taken by a heavily invested mission, the industry will change into chaotic, placing valuable regulatory issues,” the Polyhedra X account wrote.

“It’s nice that, here in 2024, even with the approval of the ETH ETF, there are still initiatives that offer benefits to diverse parties and rob others of their rightful ticker name,” Polyhedra posted. They extra decried the matter as an act of “bullying,” suggesting that they are being attacked by a unprecedented bigger company by the use of funding, backers and token expectations.

Nonetheless, Polyhedra didn’t persistently belief to utilize the ZK ticker. At the origin, they announced in November final year that their ticker may perhaps maybe likely be $ZKB, after their flagship product zkBridge. Nonetheless, after they finally did the airdrop in March, they selected $ZK. It’s a long way worth noting that the zkSync crew by no procedure publicly acknowledged their blueprint to utilize the ZK ticker; this expectation primarily got here from the zkSync neighborhood. It was simplest final week that a legend by The Block printed that the zkSync crew wished the ZK ticker for his or her token.

The battle took yet any other turn when Bybit announced final Friday that it would commerce the ticker image, which is currently ZK, for Polyhedra’s token on its platform, though it did now not specify what its original ticker may perhaps maybe likely be. “Bybit is committed to offering a obvious and user-friendly trading expertise.” the announcement read.

Neighborhood’s Reaction

By examining feedback on social media, it’s obvious that the neighborhood is siding with zkSync, with many folks accusing Polyhedra of “crying” and urging them to develop up.

“The strive to frontrun a ticker that many of the crypto-natives and the informal crypto population can now not reconcile with Polyhedra is funny,” wrote one user on X. “It’s very obtrusive that Polyhedra frontran Zksync for the reason for this clown,” added yet any other pseudonymous user.

The option of this dispute will be closely watched by the crypto neighborhood, because it may perhaps maybe maybe likely influence future practices round ticker image allocations. Both parties and observers alike are wanting to search how the matter unfolds and what this would maybe well mean for the broader industry.