Breaking Crypto News – ZEX Token Launches on Solana and Initiates Airdrop Distribution
Breaking Crypto News – DEX Zeta Markets, a derivatives trading company based in Solana, has introduced its native token and made airdrop claims of 100 million ZEX available. According to a release, the airdrop is intended to promote long-term protocol involvement and to reward early users.
Users Have 90 Days to Request Airdrop
10% of the 1 billion ZEX supply, of which 8% is set aside for Zeta traders in Phase 1, is included in the airdrop. Phase 2 of the airdrop, which will be given out 28 days following today’s token production event in accordance with the number of locked tokens and the selected staking time, entitles early stakers to the remaining 2%. According to the team, eligible users have ninety days to claim their airdrop allotment. According to the developers, Zeta X, Zeta’s DeFi Layer 2 on Solana, uses ZEX as its native gas token and incentive system.
At Zeta Markets, our goal is to craft the ultimate trading exchange, blending speed and convenience on par with centralized platforms with the transparency and security of DeFi. The launch of $ZEX marks a pivotal step in this journey, placing decision-making power into the hands of our community while driving long-term growth in the protocol by strategically aligning the interests of different stakeholders.
Zeta Markets founder, Tristan Frizza
FAQ
What is the Z-Score?
The native rewards program of Zeta Markets is called Z-Score, and it entails the distribution of $ZEX tokens from the token launch. At the debut of the token, during the first rewards epoch, or after, you will receive incentives based on your Z-Score.
When Will Zeta X Launch?
Zeta X’s mainnet is anticipated to launch in Q1 2025, with the goal of achieving CEX-like performance on-chain.
What is the ZEX Token?
Zeta’s governance, staking, and incentives are powered by ZEX. The token employs a vote-escrow approach, which was developed on Ethereum by Curve Finance and allows token holders to lock their tokens for a predetermined amount of time in order to increase their voting power and encourage sustained project participation.
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