TL;DR
- ZEX Airdrop: Zeta Markets launched their ZEX token airdrop on June 27th. Users can claim their tokens until September 25th. The airdrop is split into 3 categories: Diamond Hand Claims, Immediate Claims, and Staking Airdrop.
- ZEX IEO and Listings: The ZEX IEO happened from June 26th to 27th. Several exchanges including KuCoin, BitMart, and ByBit have listed the ZEX/USDT trading pair.
- ZEX Token Details: ZEX is the governance, staking, and rewards token for Zeta Markets. It will also be the primary gas token for their upcoming Layer 2 network, Zeta X.
Zeta Markets, a Solana-based decentralized perpetual DEX, has recently captured the crypto community’s attention. The project has revealed a series of significant developments, including an upcoming airdrop, an ongoing Initial Exchange Offering (IEO), and major listings for its native coin, ZEX.
The $ZEX Claim is Live!
Claim your airdrop at https://t.co/MDMvOn4mjo.
Welcome to the future of decentralized trading. pic.twitter.com/it7ZyVOvdu
— Zeta Markets (@ZetaMarkets) June 27, 2024
On June 27, Zeta Markets initiated the ZEX token airdrop. Users can claim their ZEX tokens starting at 09:45 UTC, with the claiming window open until September 25, 09:45 UTC (90 days after the token generation event).
The airdrop is divided into three categories: Diamond Hand Claims, Immediate Claims, and Staking Airdrop. Radiyum, an Automated Market Maker (AMM) and liquidity provider on Solana has extended support for the ZEX token launch.
ZEX IEO
Cryptorank data reveals that the ZEX IEO took place from June 26 to 27, offering 175,000 tokens at $0.200 per token. The IEO raised $35,000, adding to the $5 million funding secured by Zeta Markets in May. Notable investors include Electric Capital and Air TreeVentures.
The total funds raised by Zeta Markets, including public sales and funding rounds, now stand at $13.54 million. Several prominent crypto exchanges have officially announced their support for ZEX coin listings:
- KuCoin: The ZEX/USDT trading pair is now available on KuCoin, with deposits open and trading starting on June 27 at 10:00 AM UTC.
- BitMart: BitMart also listed the ZEX/USDT trading pair, allowing users to deposit and trade ZEX tokens.
- ByBit: ByBit plans to also list the token.
These developments signal optimism for the Solana-based ZEX token, attracting crypto enthusiasts seeking investment opportunities.
ZEX Token Details
ZEX is the official token for Zeta Markets, enabling governance, staking, and rewards in the system. Moreover, ZEX will act as the primary gas token for Zeta’s upcoming Layer 2 network, Zeta X.
Zeta Markets ranks as the 25th-largest DeFi protocol on Solana, with $17.2 million in total value locked. The platform boasts 125,000 monthly active users, processing $10 billion in cumulative volume since its 2021 launch.
Zeta assigned 10% of ZEX’s supply to the airdrop. Active Zeta traders can claim 70% of the drop based on an internal snapshot from June 7. ZEX ecosystem partners will receive 1% of the supply. At the same time, the remaining tokens will go to ZEX stakers in a follow-up drop, open until September 25, 2024.
In summary, Zeta Markets continues to make waves in the Solana ecosystem, rewarding long-term users and positioning itself as a key player in decentralized finance (DeFi) on the Solana blockchain.
