- Zeta Markets offers the new $ZEX token as an incentive to traders and stakers.
- A vote-escrow methodology is introduced by Zeta Markets’ $ZEX token to improve long-term staking and governance.
- 10% of the token supply is available for the $ZEX airdrop, with early backers and active traders receiving special treatment.
Zeta Markets, a decentralized exchange based in Solana, launched the airdrop and token creation event for its new cryptocurrency, ZEX, today. Users received 100 million ZEX through the airdrop; at the initial price of $0.132653, this amounted to approximately $13 million. The price of ZEX has since surged to 132% in less than four hours.
Within the Zeta ecosystem, the token ZEX will have several functions, such as governance, staking, and providing liquidity providers with an incentive. The token’s release also includes a vote-escrow architecture with enhanced governance rights and staking rewards to promote long-term holding.
According to Tristan Frizza, the founder of Zeta Markets, “our goal at Zeta Markets is to craft the ultimate trading exchange, blending speed and convenience on par with centralized platforms with the transparency and security of DeFi.” An important milestone in this journey has been reached with the launch of $ZEX, which gives our community the ability to make decisions and propels the protocol’s long-term growth by strategically balancing the interests of many stakeholders.
Through Zeta’s official token claim page, qualified participants can claim their airdrop shares within the following ninety days. Long-term users who have accrued a Z-Score up until the June 7th snapshot are the target audience for the first airdrop. Particular allotments for early backers and aggressive dealers from prior Z-Score Seasons are included in this.
Additionally, Zeta Markets revealed the Genesis Epoch, which will begin on June 20 and award 8 million ZEX in trade prizes through July 25, 2024.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
