Welcome to Zeta Markets: A New Frontier in Decentralized Trading 🚀
If you are looking for a cutting-edge decentralized exchange for trading crypto perpetuals, Zeta Markets is the place to be. Here’s what you need to know:
The Launch and Airdrop of Z Token 🪙
- Zeta Markets is gearing up to launch its “governance” token, Z, with a total supply of 1 billion tokens.
- 10% of the total supply, or 100 million tokens, will be distributed through an airdrop.
- 50% of the airdropped tokens will go to active traders and community members based on their Z-Score.
- 1% will be allocated to users in strategic Solana communities.
- The remaining 4% will be rewarded to Z stakers.
- The token is expected to launch in May, with airdrop claims beginning at that time.
Z Token: A Pioneer in Vote Escrow Model on Solana 🗳️
Zeta Markets plans to introduce the vote escrow model with the Z token, following in the footsteps of Curve on Ethereum:
- The vote escrow model incentivizes token holders to lock up their tokens for a specified period to earn voting power.
- Stakers will receive exponentially more voting power and rewards by locking their tokens for longer periods.
Future Plans for Zeta Markets 🌐
After the token launch, Zeta Markets has ambitious plans for the future:
- 30% of Z’s total supply will be used to incentivize maker and taker traders.
- Venture capital investors own around 17.5% of Z’s total supply, with tokens vesting over a 3-year period.
- Zeta Markets, established in 2021, is backed by prominent venture investors like Electric Capital and Jump Capital.
Zeta’s Solana L2 Rollup: Enhancing Performance and Scalability 🔄
Zeta Markets is not stopping at just launching a token. They have plans to release a Solana Layer 2 rollup:
- The Layer 2 rollup will utilize Solana exclusively for settlement and data availability, promising faster settlement times and lower costs than Ethereum rollups.
- This innovative approach aims to deliver high-performance decentralized exchange capabilities while mitigating congestion issues on Solana Layer 1.
Stay Tuned for More Details 📑
Zeta Markets will be releasing the technical specifics of their L2 rollup in an upcoming whitepaper. Keep an eye out for more exciting developments!
Hot Take: Embrace the Future with Zeta Markets 🔮
Get ready to revolutionize your trading experience with Zeta Markets. The launch of the Z token and the upcoming Solana L2 rollup herald a new era in decentralized trading. Don’t miss out on this opportunity to be part of the future of decentralized finance!
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