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Everything You Need to Know about the ZEX Coin

2024-07-02 07:15:52

What is ZEX? 

ZEX Coin is the native cryptocurrency of Zeta Markets, a decentralized exchange (DEX) on the Solana blockchain. It serves multiple functions within the Zeta ecosystem, including governance, staking rewards, and trading incentives. By staking ZEX, users gain governance rights and extra incentives. The token's economics and utility are crafted to align the interests of stakeholders with the protocol's goals, encouraging active community participation in shaping its future direction. Zeta Markets is designed for high-speed, low-cost trading with features like leverage and near-zero transaction fees. Zeta has become one of Solana’s largest derivatives platforms, with significant trading volume and user engagement.

Airdrop distribution

Zeta Markets, a Solana-based decentralized exchange (DEX), has launched its native ZEX token and initiated an airdrop campaign. The airdrop includes 100 million ZEX tokens, representing 10% of the total supply, aimed at rewarding early users and encouraging long-term participation. The distribution is based on users' trading activity and staking duration, with eligible users having 90 days to claim their tokens. ZEX serves multiple functions within the Zeta ecosystem, including governance, staking rewards, and as a native gas token for Zeta X, a DeFi Layer 2 solution on Solan. 

This distribution strategy aims to reward loyal users, encourage long-term engagement, and align the interests of various stakeholders within the Zeta ecosystem.

Zeta Markets launches ZEX token with a 100 million token airdrop (10% of total supply) to reward early users, based on trading activity and staking. ZEX serves governance, staking rewards, and as a native gas token for Zeta X, a Solana-based DeFi Layer 2 solution.

Key Features of ZEX Coin 

The key features of the ZEX token and its distribution include:

  • Governance: ZEX token holders can participate in protocol governance, with voting power determined by the amount and duration of staked tokens.
  • Staking: Users can stake ZEX for up to 4 years, unlocking governance rights and additional incentives.
  • Vote-escrow model: This innovative system rewards long-term commitment, with stakes receiving exponentially more power for longer lock-up periods.
  • Gradual unlocking: Stakers can vest and unlock their tokens gradually, providing more liquidity and limiting supply shocks.
  • Incentives: A significant portion of the token supply is allocated for trader incentives to boost liquidity and trading activity.
  • Native gas token: ZEX will serve as the native gas token for Zeta X, an upcoming DeFi Layer 2 solution on Solana.
  • Airdrop distribution: 10% of the total supply is allocated for airdrops, with 8% for active traders and 2% for early stakes. 

Price Statistics of ZEX Coin 

As of July 2, 2024, ZEX coin is trading at $0.1165. It has reached an all-time high of $0.3028 and an all-time low of $0.1115. The total market capitalization of ZEX coin stands at $116.76 million, with a total circulation of 158.75 million coins out of a maximum supply of 1 billion coins.

Where Can I Buy and Trade ZEX?

CoinEx is a global cryptocurrency exchange trusted by over 6 million users worldwide with a 100% reserve. With its 1000+ coins supported, users can now trade easily and seamlessly on CoinEx.

Overview 

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