Token

Solana

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/zeta-markets-gears-up-for-governance-token-debut-and-airdrop-within-solanas-boundaries" rel="noopener noreferrer nofollow">Zeta Markets Gears Up for Governance Token Debut and Airdrop within Solana’s Boundaries</a><br></p>
<p style="text-align: justify">Zeta Markets, a decentralized exchange within the <a href="https://en.bitcoinhaber.net/solana-nft-ecosystem-shows-signs-of-recovery-with-increased-developer-activities" rel="noopener noreferrer nofollow">Solana</a> blockchain, is announcing the rollout of its new governance token, Z, alongside an airdrop campaign. Their declaration revealed that Zeta will release a billion Z tokens, earmarking 100 million—10% of the total—for the airdrop distribution.</p>
<h2 id="details-of-the-upcoming-z-token-airdrop">Details of the Upcoming Z Token Airdrop</h2>
<p style="text-align: justify">Eager to engage its users, Zeta Markets is set to allocate 50% of the airdropped tokens to its active investors and community members via a point-based system known as Z-Scores. In a strategic move, 1% of the tokens will reward members of key Solana communities, while Zeta stakers will reap the benefits of an additional 4%. Tristan Frizza, the founder of Zeta, disclosed that the Z token launch is slated for May, with claims for the airdrop opening concurrently. He also hinted that Zeta is reviewing listing proposals from prominent exchanges.</p>
<h2 id="vote-locking-model-and-token-strategy-insights">Vote-Locking Model and Token Strategy Insights</h2>
<p style="text-align: justify">Frizza discussed the introduction of a vote-locking mechanism for Zeta, emulating Curve’s method on <a href="https://en.bitcoinhaber.net/ethereums-precarious-path-analyst-predicts-potential-drop-below-1000" rel="noopener noreferrer nofollow">Ethereum</a>. This model incentivizes token holders to lock their assets to amplify their voting influence, thus fostering long-term decision making for the ecosystem’s growth. He anticipates this will heighten voting power and token rewards for those staking over extended durations.</p>
<h3 id="points-to-consider">Points to consider</h3>
<ul>
 <li>Zeta Markets is aiming to strengthen its community and token utility through an innovative airdrop and vote-locking model.</li>
 <li>The launch of the Z token is set to occur in May with significant allocations directed towards community engagement and staking incentives.</li>
 <li>Zeta Markets is supported by influential investors and aligns with the broader goal of long-term ecosystem development.</li>
</ul>
<p style="text-align: justify">With a mission to incentivize both developers and participants, Zeta plans to dedicate 30% of Z tokens to this cause post-launch. Foundational investors, including Electric Capital, Jump Capital, Wintermute, and Solana Ventures, collectively hold a 17.5% stake, which will vest over three years post-launch. Incorporated in 2021, Zeta Markets is positioning itself at the heart of Solana’s ever-expanding ecosystem.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/zeta-markets-gears-up-for-governance-token-debut-and-airdrop-within-solanas-boundaries" rel="noopener noreferrer nofollow">Zeta Markets Gears Up for Governance Token Debut and Airdrop within Solana’s Boundaries</a></h5>

Zeta Markets Gears Up for Governance Token Debut and Airdrop within Solana’s Boundaries

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