Zeta Markets Launches ZEX Airdrop: Expansion and Innovation in the DeFi World

Bittime - Zeta Markets, a Solana-based decentralized perpetuals exchange, recently announced the launch of an airdrop for ZEX tokens to early adopters. ZEX acts as the governance and staking token for Zeta Markets, and will be the native gas token for their upcoming Layer 2 network, Zeta X.

Detail Airdrop ZEX

On June 27, Zeta opened airdrop claims for ZEX. This airdrop allocated 10% of ZEX's total supply, with 70% of the allocation to active Zeta traders based on an internal snapshot on June 7. Airdrop claims will last until September 25, 2024.

Significance of ZEX in the Zeta Markets Ecosystem

ZEX not only powers governance and staking functions on Zeta Markets, but also serves as an incentive and gas token on Zeta X, Solana's revolutionary L2 DeFi.

Zeta Markets Development and Statistics

Zeta Markets is currently the 25th largest DeFi protocol on Solana with a total value locked of $17.2 million. The platform has generated daily trading volume of $45 million and has processed a cumulative volume of more than $10 billion since its launch in 2021, with 125,000 monthly active users.

Vote-Escrow Technology and the Zeta X Plan

Zeta Markets introduced “vote-escrow” (VE) technology for the first time in the Solana ecosystem, allowing stakers to vote based on the amount of assets staked and the length of time tokens are locked. Zeta

Outlook and Conclusion

By launching ZEX and planning Zeta This launch also reflects Zeta Markets' strategic direction in facing developments and challenges in the global blockchain ecosystem.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.