Solana Perpetual DEX Zeta Markets has recently emerged as the hot topic in crypto town. DEX announced plans for an airdrop, followed by an IEO (Initial Exchange Offering) and major listings for its coin ZEX. Collectively, these histories helped the project gain significant traction in the broader crypto market. Let’s take a look at ZEX coin’s upcoming airdrop, ongoing IEO, and recently announced listings.
ZEX airdrop move from Solana-based Zeta Markets
Early stakers are eligible to receive the remaining 2% in Phase 2, which is distributed 28 days after token generation. It depends on the amount of locked tokens and the staking period. Therefore, eligible recipients have 90 days to claim their allocated airdrop tokens. ZEX serves many functions in the Zeta ecosystem, including governance, staking rewards and incentives. It uses a vote-trust model pioneered by Curve Finance on Ethereum. Token holders lock their ZEX tokens for a set period of time to increase their voting power. This mechanism encourages long-term commitment and participation in the project.
In addition, ZEX functions as the native gas token and incentive mechanism for Zeta X, described in Solana as “DeFi Tier 2”. Zeta X aims to deliver on-chain centralized exchange (CEX)-like performance with its main-net expected to launch in the first quarter of 2025.
More information about the ZEX token airdrop
30% of the ZEX token supply is allocated to ongoing trading incentives, which are distributed to Zeta traders every 28 days after each epoch. The first “Genesis Epoch” will last until July 25th. The project will also distribute 8 million ZEX tokens as trading rewards.
Founded in 2021, Zeta Markets has quickly become one of Solana’s largest derivatives exchanges, with a total locked value of $16.8 million, according to DeFiLlama data. The platform has managed to attract more than 125,000 monthly active users. Thus, it claims to facilitate over $10 billion in cumulative trading volume.
Major ZEX Listings
Simultaneously, well-known crypto exchanges from around the world made official statements in support of the ZEX coin listing in the meantime. As we reported as Kriptokoin.com, KuCoin announced that the ZEX/USDT pair is listed on its platform, deposits are open and transactions started on June 27 at 13:00 TSI. Similarly, BitMart also revealed the same trading pair, with deposits open and trading starting at the same date and time. Furthermore, the ByBit crypto exchange also revealed the same plans to list the ZEX coin. Collectively, these dates shine a tremendous glimmer of hope for the Solana-based ZEX token. Crypto market enthusiasts continue to gauge crypto for investment opportunities.
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