Bittime - A leading DeFi platform in the Solana ecosystem, Zeta Markets has just announced the opening of anairdropfor $ZEX tokens. Snapshot for airdrop allocation taken on June 7, 2024 at 00:00 UTC. Users can now check their allocation via the checking page available on the Zeta Markets Airdrop Checker .
What is Zeta Markets?
Zeta Markets is a DeFi (Decentralized Finance) platform that focuses on derivative products in the Solana ecosystem. The platform provides a variety of decentralized financial services, including derivatives trading, lending markets, and yield products.
By utilizing Solana blockchain technology, Zeta Markets offers fast transactions and low fees, and supports various types of collateral such as SOL and xSOL.
Also Read: Solana Will Hold the First Solana Summit in Kuala Lumpur!
Zeta Markets has also received support from a number of large investors such as Electric Capital, Jump Crypto, and Wintermute, demonstrating the investor community's confidence in the potential and long-term vision of this platform.
Zeta Markets Airdrop Details
The initial $ZEX airdrop will cover 8% of the total token supply. Distribution details are as follows:
- 7% is allocated based on the user's total Z score at the time of the snapshot. Z score is a point system that reflects user activity and contribution on the Zeta Markets platform.
- 1% is allocated to event participants from community partners. These partners include strategic communities in the Solana ecosystem such as Jupiter, Pyth Network, Tensor, and others.
Allocation Checking Steps
To check the airdrop allocation, users only need to visit the checking page and enter the required details. This provides transparency and ease for users to know how much $ZEX tokens they received based on their contributions before the snapshot date.
1. Use of $ZEX Token
The $ZEX token will have several uses within the Zeta Markets ecosystem, including for governance purposes, staking, and as an incentive for users.
Zeta Markets is committed to creating a fair and transparent environment for all its participants, and the launch of $ZEX is part of that big step.
2. Development of Zeta Markets
Zeta Markets didn't just stop at launching this airdrop. They have several major developments planned ahead, including the launch of Zeta V3 which will introduce features such as Zeta-Lend, a lending marketplace, yield products, and support for various collateral types such as SOL and xSOL.
In addition, Zeta Markets also plans to introduce a new governance model with an escrow voting system and launch a Layer 2 rollup on Solana to increase transaction speed and reduce costs.
Also Read: Zeta Markets Opens ZEX Airdrop Query Page, Snapshot June 7!
Zeta Markets has received support from several major investors including Electric Capital, Jump Crypto, and Wintermute. This support shows the investor community's confidence in the potential and long-term vision of this DeFi platform.
Conclusion
The opening of the airdrop checking page by Zeta Markets marks an important step in their journey towards developing a more inclusive and efficient DeFi ecosystem on Solana.
With fair and transparent allocation and upcoming innovations, Zeta Markets is poised to strengthen its position as one of the major players in the global DeFi ecosystem.
For more information and to check your airdrop allocation, visit Zeta Markets Airdrop Checker . Don't miss this opportunity to be part of the DeFi revolution with Zeta Markets.
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Learn Complete Guide How to Buy Crypto on Bittime .
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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