Zeta Markets Surprises with Airdrop Success ๐
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 ๐ช
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 ๐ ๏ธ
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 ๐ธ
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 ๐
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.
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