Solana-based DEX Zeta Markets has launched its native token and opened airdrop claims comprising 100 million ZEX.
Solana-based DEX Zeta Markets, which specializes in derivatives trading, has launched its native token and opened airdrop claims comprising 100 million ZEX.
The airdrop comprises 10% of the total 1 billion ZEX supply, 8% of which is reserved for Zeta traders in Phase 1. Early stakers qualify for the remaining 2% under Phase 2 of the airdrop, which will be distributed 28 days after today’s token generation event in proportion to the amount of tokens locked and the chosen staking duration. Eligible users have 90 days to claim their airdrop allocations, the team said.
“While no airdrop is perfect, few community token distributions have been as deeply researched or thoughtfully designed as the Zeta Markets token generation event,” Avichal Garg, Managing Partner at Zeta-backer Electric Capital added. “This event exemplifies a well-structured approach to rewarding loyal users and sets a new standard for how to communicate with a community.” ZEX powers governance, staking and incentives on Zeta.
Founded in 2021, Zeta is one of the largest derivatives exchanges on Solana, with $17.2 million in total value locked, according to DeFiLlama data. It claims to have generated more than $10 billion in cumulative trading volume with over 125,000 monthly active users and aims to become the leading decentralized exchange for perpetual contracts on the Solana blockchain.
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