Zeta Markets rewarded traders and bettors with $ZEX tokens in its latest airdrop, which saw its price increase by over 132%.
Decentralized exchange Zeta Markets based in Solana today launched the event New token airdrop ZEX. This Airdrop will distribute 100 million ZEX to users, equivalent to over $13 million at an initial price of $0.132653.
Immediately after this announcement was made, the price of ZEX has skyrocketed more than 132% in less than four hours.
The $ZEX airdrop kicksstarts community ownership and governance on Zeta Markets, distributing 80M $ZEX across almost 80,000 real Zeta users.
Anyone staking $ZEX before July 25, 09:59 UTC (end of Genesis Epoch) is eligible for the 20M $ZEX Staking Airdrop.https://t.co/yxHxPNku2E
— Zeta Markets (@ZetaMarkets) June 27, 2024
ZEX Token will play many important roles in the Zeta ecosystem, including governance, staking and also as an incentive for liquidity providers. Additionally, the token features a voting escrow model that incentivizes long-term holding with increased governance rights and staking rewards.
Founder of Zeta Markets, Tristan Frizza said:
At Zeta Markets, our goal is to create the ultimate exchange, combining the speed and convenience on par with centralized platforms with the transparency and security of DeFi.
The launch of $ZEX marks an important turning point in this journey, we will put decision-making power in the hands of the community while driving long-term growth in the protocol by strategically aligning the interests of stakeholders. different stakeholders.
In the company’s latest announcement, eligible participants can claim their share of the airdrop within the next 90 days through Zeta’s official website.
The initial airdrop is aimed at long-time users Earn Z-Scores until the snapshot on June 7. This includes specific allocations to early backers and active traders from previous Z-Score Seasons.
Zeta Markets also announced Genesis Epoch begins June 20, will distribute 8 million ZEX as trading rewards until July 25, 2024.
Blast has increased more than 40% since listing and airdrop
