Welcome to Zeta Markets: A New Frontier in Decentralized Trading ๐
If you are looking for a cutting-edge decentralized exchange for trading crypto perpetuals, Zeta Markets is the place to be. Hereโs what you need to know:
The Launch and Airdrop of Z Token ๐ช
- Zeta Markets is gearing up to launch its โgovernanceโ 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 ๐ณ๏ธ
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 ๐
After the token launch, Zeta Markets has ambitious plans for the future:
- 30% of Zโs total supply will be used to incentivize maker and taker traders.
- Venture capital investors own around 17.5% of Zโs 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.
Zetaโs Solana L2 Rollup: Enhancing Performance and Scalability ๐
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 ๐
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 ๐ฎ
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. Donโt miss out on this opportunity to be part of the future of decentralized finance!
Theon Barrett shines as a distinguished crypto analyst, accomplished researcher, and skilled editor, making significant strides in the field of cryptocurrency. With an astute analytical approach, Theon brings clarity to intricate crypto landscapes, offering insights that resonate with a broad audience. His research prowess goes hand in hand with his editorial finesse, allowing him to distill complex information into accessible formats.