Zeta Markets Rewards Long-Term Users with ZEX Airdrop, IEO, and Major Listings

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.

Solana-based decentralized perpetual DEX, Zeta Markets, 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 token airdrop was initiated by Zeta Markets on June 27. Starting at 09:45 UTC, users can claim their ZEX tokens, and the claiming window will remain 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. Notably, Radiyum, an Automated Market Maker (AMM) and liquidity provider on Solana, has announced its support for the ZEX token launch.

According to Cryptorank data, 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. Electric Capital and Air TreeVentures are among the project's investors.

In total, Zeta Markets has raised $13.54 million through public sales and funding rounds. Several prominent crypto exchanges have officially announced their support for ZEX coin listings:

These developments signal optimism for the Solana-based ZEX token, attracting crypto enthusiasts to the project and presenting them with an investment opportunity in the Web3 and DeFi sectors.

ZEX is the native token of Zeta Markets, serving various purposes within the system, including governance, staking, and rewards. Additionally, ZEX will act as the primary gas token for Zeta’s upcoming Layer 2 network, known as Zeta X.

It's worth noting that Zeta Markets is the 25th largest DeFi protocol on Solana, boasting 125,000 monthly active users, $10 billion in cumulative volume processed since 2021, and a total value locked of $17.2 million.

In a move to reward long-term users, 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. Partners in the ZEX ecosystem will receive 1% of the supply, and the remaining tokens will be allocated to ZEX stakers in a follow-up drop, which will be open until September 25, 2024.

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