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News

Polyhedra Renames Token To “ZKJ” After Explosive Trademark Dispute

May 30, 2024 - Around 2 mins mins to read

Key Points:

  • Polyhedra Network changes token ticker to “ZKJ”.
  • Joint statement urges “ZK” remains a public good.
  • Polyhedra’s ZK token stays tradable on KuCoin’s Spot Trading.
Polyhedra renames token from “ZK” to “ZKJ” after a clash with zkSync. The name represents a united ZK community.
Polyhedra Renames Token To "ZKJ" After Explosive Trademark Dispute

Polyhedra Network has changed the token name for its upcoming listing on crypto exchange HashKey Global and for the existing listings across various exchanges in response to a week-long clash with zkSync over the old “ZK” ticker.

Polyhedra Network, the developer of the zero-knowledge interoperability protocol zkBridge, will now use the ticker “ZKJ,” standing for “ZK Join” and representing a united and open ZK community. Besides the renaming, a joint statement from Polygon, StarkWare, and Polyhedra Network was issued.

Is ‘ZKJ’ the Right Solution for Polyhedra Network?

Among the signatories to the statement were Polygon Co-founders Sandeep Nailwal and Brendan Farmer, Polyhedra Co-founder Tiancheng Xie, StarkWare CEO Eli Ben-Sasson, and StarkWare Scientific Advisor Shafi Goldwasser.

The joint statement emphasized that the ZK should remain a public good and not be trademarked by a corporation, but rather be accessible to all. The group urged the community to insist that Matter Labs withdraw all trademark applications and stop the use of the ‘ZK’ ticker.

In the statement, Nailwal criticized zkSync for repeatedly acting against the Web3 ethos while consistently signalling those same values. He expressed concern that if such behaviour is not publicly addressed, it may continue and even worsen.

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

Polyhedra Renames Token Amidst Ticker Clash

Previously, Coincu reported that KuCoin Convert will be delisting the ZK token of Polyhedra Network at 8:00 on May 31, 2024, UTC.

Upon the delisting, the trading of the ZK token on KuCoin Convert will be closed. Meanwhile, Polyhedra’s ZK token remains tradable on KuCoin’s Spot Trading service. Accompanying these developments, Bybit also made adjustments to the ticker symbol.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Polyhedra

Polyhedra Network

Polyhedra zkSync

ZKJ

ZKJ Token

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
News

Polyhedra Renames Token To “ZKJ” After Explosive Trademark Dispute

Key Points:

  • Polyhedra Network changes token ticker to “ZKJ”.
  • Joint statement urges “ZK” remains a public good.
  • Polyhedra’s ZK token stays tradable on KuCoin’s Spot Trading.
Polyhedra renames token from “ZK” to “ZKJ” after a clash with zkSync. The name represents a united ZK community.
Polyhedra Renames Token To "ZKJ" After Explosive Trademark Dispute

Polyhedra Network has changed the token name for its upcoming listing on crypto exchange HashKey Global and for the existing listings across various exchanges in response to a week-long clash with zkSync over the old “ZK” ticker.

Polyhedra Network, the developer of the zero-knowledge interoperability protocol zkBridge, will now use the ticker “ZKJ,” standing for “ZK Join” and representing a united and open ZK community. Besides the renaming, a joint statement from Polygon, StarkWare, and Polyhedra Network was issued.

Is ‘ZKJ’ the Right Solution for Polyhedra Network?

Among the signatories to the statement were Polygon Co-founders Sandeep Nailwal and Brendan Farmer, Polyhedra Co-founder Tiancheng Xie, StarkWare CEO Eli Ben-Sasson, and StarkWare Scientific Advisor Shafi Goldwasser.

The joint statement emphasized that the ZK should remain a public good and not be trademarked by a corporation, but rather be accessible to all. The group urged the community to insist that Matter Labs withdraw all trademark applications and stop the use of the ‘ZK’ ticker.

In the statement, Nailwal criticized zkSync for repeatedly acting against the Web3 ethos while consistently signalling those same values. He expressed concern that if such behaviour is not publicly addressed, it may continue and even worsen.

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

Polyhedra Renames Token Amidst Ticker Clash

Previously, Coincu reported that KuCoin Convert will be delisting the ZK token of Polyhedra Network at 8:00 on May 31, 2024, UTC.

Upon the delisting, the trading of the ZK token on KuCoin Convert will be closed. Meanwhile, Polyhedra’s ZK token remains tradable on KuCoin’s Spot Trading service. Accompanying these developments, Bybit also made adjustments to the ticker symbol.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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