| Information | Details |
|---|
| Project Name | Zeta Markets |
| Project Website | Zeta Markets |
| Project Description | A decentralized options trading platform built on Solana, offering traders a high-performance DeFi derivatives experience. |
| Project Ticker | $ZEX |
Airdrop Details
| Information | Details |
|---|
| Airdrop Type | Retroactive |
| Total Airdrop Amount | 10 million $ZEX tokens (1% of total supply) |
| Number of Eligible Users | Not Known |
| Number of Claimants | Not Known |
Timeline
| Event | Date |
|---|
| Blockchain Snapshot | June 7, 2024, 00:00 UTC |
| Claiming Started | June 27, 2024 |
| Claiming Ends | Not Known |
Token Distribution
| Distribution | Amount |
|---|
| Maximum | Not Known |
| Median/Average | Not Known |
| Minimum | Not Known |
Airdrop Principles
The $ZEX airdrop is designed to reward genuine users of the protocol, with additional incentives for those who demonstrate a long-term commitment.
- Z-Score Mechanism: Trading activity is measured via Z-Score, which forms the foundation of base incentives.
- Fair Adjustments: OG and Season 1 Boosts, minimum/maximum criteria, and platform activity requirements ensure sybil resistance and prevent professional farmers from gaining disproportionate rewards.
Airdrop Bonuses
Two additional mechanisms are in place to reward long-term commitment to the Zeta Protocol:
7-Day Bonus:
- Unlocks a portion of the user’s allocation linearly over seven days.
- Encourages patience and long-term participation.
Staking Airdrop:
- Rewards $ZEX stakers for their commitment to protocol governance.
Trading Rewards
- The snapshot for the initial airdrop of $ZEX was taken on June 7, 2024, at 00:00 UTC.
- All Z-Score earned since the snapshot contributes to Epoch 1 of the Trading Rewards Program.
- 8 million $ZEX in rewards are available for traders participating in this program.
| Community | Allocation (%) | Tokens Allocated |
|---|
| Jupiter | 0.3% | 3,000,000 |
| Pyth | 0.2% | 2,000,000 |
| deBridge | 0.08% | 800,000 |
| Mad Lads | 0.08% | 800,000 |
| Tensorians | 0.08% | 800,000 |
| AssetDash | 0.05% | 500,000 |
| Superteam | 0.01% | 100,000 |
Bonus Allocation
| Rank | Community Bonus | Tokens Allocated |
|---|
| #1 | Top Community | 1,000,000 |
| #2 | Second Community | 670,000 |
| #3 | Third Community | 330,000 |
To qualify for the $Z airdrop, users must meet the following criteria per community:
| Community | Eligibility Requirement |
|---|
| Jupiter | Staked a minimum of 100 JUP (Jupiter tokens) |
| Pyth | Staked a minimum of 1000 PYTH (Pyth tokens) |
| deBridge | Bridged at least 5 transactions to Solana |
| Mad Lads | Mad Lads NFT holder |
| Tensorians | Tensorians NFT holder |
| AssetDash | AssetDash Elements NFT holder |
| Superteam | Top 500 on Superteam reputation dashboard |
Important Links
- Total Supply: 1 billion $ZEX tokens.
- Airdrop Allocation:
- 8% of the supply is allocated to traders via the initial airdrop.
- 7% (70 million $ZEX) is distributed based on Z-Score through Trading Rewards.
- 1% (10 million $ZEX) is reserved for community-based allocations:
- 0.8% distributed to strategic Solana communities.
- 0.2% as a bonus allocation for the top 3 communities.
- Airdrop rewards are distributed based on Z-Score, which measures trading activity on Zeta Markets.
- 1% (10 million tokens) is allocated to the community airdrop:
- 0.8% (8 million tokens) is distributed proportionally to traders based on Z-Score within each community.
- 0.2% (2 million tokens) is awarded as a bonus to the top 3 communities:
- 1M $Z for the #1 community.
- 670k $Z for the #2 community.
- 330k $Z for the #3 community.
