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Zeta Markets announces token Z unlocking schedule, 8% distributed to traders unlocked at initial airdrop TGE

Zeta Markets announces token Z unlocking schedule, 8% distributed to traders unlocked at initial airdrop TGE

CointimeCointime2024/05/21 14:46
By:Cointime

Zeta Markets, a derivative protocol on Solana, announced the unlock schedule for its token Z. The following unlocks will occur during TGE and the subsequent weeks: 1. Airdrop - 8% of the supply will be distributed to traders through an initial airdrop to increase early user loyalty. Initial Z stakers will be eligible for additional airdrops (2%) to be distributed in the form of staking Z for 1 Epoch (28 days) after TGE; 2. Incentives - Platform incentives for traders (30% over 90 months) will begin from Epoch 1 after the snapshot; 3. Treasury - Meanwhile, community treasury (22.5% unlocked over 24 months) will support multi-year growth plans, including liquidity supply and Zeta creator and ambassador programs. Additionally, core protocol contributors and investors will have longer lock-up periods. As for incentive unlocks, platform rewards will be specifically provided to traders and distributed based on accumulated Z points per Epoch (28 days). The unlock rate will gradually decrease starting from Epoch 1 when the airdrop snapshot is taken.

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