$Z is set to transform Zeta Markets, Solana’s leading perpetuals exchange, driving its governance and growth.
Zeta Markets boasts over $4B in trading volume and serves 71.6k monthly active users. It leads the shift from centralized to DeFi trading.
Zeta Leads the CeFi to DeFi Evolution
The Zeta Vision is to dominate the multi-trillion dollar market of perpetual contracts (perps). The preferred derivatives of crypto traders. So, with DeFi’s rise and Solana leading in DEX volume, Zeta is poised for success. It stands ready to become a significant force in the crypto trading world.
We’re proud to introduce $Z – the future of decentralized trading.$Z powers the governance and protocol growth of Zeta Markets, @solana's fastest perpetuals exchange, which has facilitated +$4B in trading volume serving 71.6k monthly active users.
Coming soon. 🧵 pic.twitter.com/ivGyoZ4S55
— Zeta Markets | v2 Live 🔥 (@ZetaMarkets) April 9, 2024
Also, $Z transcends being a token, embodying decentralized trading and governance on Solana. Here’s a closer look at the utility that $Z brings to the Zeta ecosystem:
- Governance: $Z not only governs the Zeta protocol but also introduces vote escrow tokenomics to Solana, an innovation set to pioneer the governance model on the platform.
- Staking: By staking $Z, users can unlock governance rights and access additional rewards. The longer the stake, the greater the benefits, incentivizing long-term commitment to the Zeta ecosystem.
- Incentives: To stimulate protocol growth and reward active participation, 30% of $Z’s supply is earmarked for traders and liquidity providers. This allocation strategy guarantees significant token distribution to users. It fosters top liquidity and sets up ideal conditions for exchange operations.
2/ Supply & Initial Distribution
Token Ticker: $Z
Total Supply: 1,000,000,000
Initial Distribution: 10% airdrop of $Z to reward Zeta users and strategic communities on Solana— Zeta Markets | v2 Live 🔥 (@ZetaMarkets) April 9, 2024
More About $Z
Finally, the incentives for $Z token holders are especially noteworthy. Allocating 30% of tokens to incentives, Zeta Markets highlights its dedication to growth and community rewards. This generous allocation ensures traders are rewarded for their role in maintaining liquidity and supporting platform operations. It sets a new standard for user rewards in the crypto trading space.
As Zeta Markets continues to innovate and expand, the introduction of $Z signals a significant shift towards more democratic, user-driven governance and growth in the DeFi sector.
Disclaimer
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