Recently, Zeta Markets, a decentralized derivatives exchange on Solana, revealed its plans to launch the Z token and disclosed details about the airdrop to customers.
Zeta Markets disclosed its plan to airdrop token Z to users
Zeta Markets airdrop token Z
Accordingly, Z has a total supply of 1 billion tokens and will allocate 10% (ie 100 million tokens) to the airdrop category. In which, Zeta traders and community members will receive half of these 10% tokens (determined by Z-Score). Next is 1% for members of key communities on the Solana ecosystem and the remaining 4% is an airdrop for Z token stakers.
Zeta founder (Mr. Tristan Frizza) indicated that the Z token may be introduced in May of this year. Besides, official information about the snapshot time will be announced in the upcoming weeks.
Implement the escrow model
Zeta announced that Z will be the pioneering token in the escrow approach on Solana. The escrow model has become very popular owing to the pioneering project Curve Finance on Ethereum, which allowed users to lock tokens for a long term and have more votes in voting rounds.
In addition, Zeta shared that 30% of the total supply of Z tokens will be reserved to encourage users’ trading activities on the platform.
Early investors in Zeta will hold a total of 17.5% of the total supply with a 1-year token lock-up and allocation over 3 years. Besides, several renowned names behind investing in Zeta include Electric Capital, Jump Capital, Wintermute, and Solana Ventures.
L2 Rollup development plan on Solana
Another important piece of information is that Zeta will implement a Layer-2 Rollup on Solana this year. This solution will still use Solana for Settlement and Data Availability (DA). According to the project, Zeta can execute transactions with high processing speed and lower DA costs than most Rollups on Ethereum.
