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Zeta Markets announces token Z unlocking schedule, which will be unlocked when 8% of the initial airdrop TGE distributed to traders

Zeta Markets announces token Z unlocking schedule, which will be unlocked when 8% of the initial airdrop TGE distributed to traders

Bitget2024/05/21 14:43

According to news on May 21, Zeta Markets, the derivatives protocol on Solana, announced the unlocking schedule of its token Z. The following unlocking of Z will occur during TGE and the following weeks: 1. Airdrop, 8% of the supply will pass the initial Airdrops are distributed to traders to increase the loyalty of early users. The initial stakers of Z will be eligible to receive additional airdrops (2%), which will be issued in the form of staking Z1Epoch (28 days) after TGE; 2. Incentives, after the snapshot, the platform’s incentives for traders (30 within 90 months %) will start from Epoch 1; 3. Finance: At the same time, community finance (22.5% unlocked in 24 months) will support multi-year growth plans, including liquidity supply and Zeta’s creator and ambassador programs. Additionally, core protocol contributors and investors will have longer lock-in periods. As for incentive unlocking, platform rewards will be exclusively available to traders and distributed based on the Z Points accumulated per Epoch (28 days). Epoch1 begins when the airdrop snapshot is taken, and the unlock rate will gradually decrease.

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