Zeta Markets Surprises with Airdrop Success 🚀
Zeta Markets, a Solana-based DEX, recently launched a generous airdrop that exceeded expectations. The ZEX airdrop, which includes 100 million tokens, aimed to reward long-term users of Zeta. Here are some key points about the airdrop:
- The launch price of ZEX was $0.13, surpassing pre-market forecasts
- The token quickly tripled in value, hitting $0.30, resulting in a $30.78 million airdrop value
- Currently, ZEX is trading at around $0.25
Zeta Airdrop Details 🪙
The Zeta airdrop is being conducted in two phases:
- 80% was distributed to early users based on “Z scores,” rewarding trading volumes
- The remaining 20% will go to ZEX holders who stake their tokens with Zeta
ZEX Governance Token 🛠️
ZEX will serve as Zeta Markets’ governance token and will be associated with the Zeta X DeFi-focused blockchain built on Solana. Here’s what you need to know:
- Staking ZEX will grant holders more influence over Zeta’s direction
- Longer staking durations lead to increased financial incentives
Zeta’s Impressive Trading Volume 💸
Zeta Markets has been a major player on Solana’s DEX scene, witnessing significant trading volume. In May alone, the platform handled $3.24 billion in trades.
Summer of Airdrops 🌞
Other projects, like Blast on Ethereum, have also conducted large airdrops recently. Despite high expectations, the results have been mixed, emphasizing the importance of managing expectations in the crypto space.
By
By
By