On May 21st news, Zeta Markets, a derivative agreement on Solana, announced the unlocking schedule of its token Z. After the TGE and subsequent weeks, the following unlocking of Z will occur: 1. Airdrop, 8% of the supply will be distributed to traders through the initial airdrop to increase the loyalty of early users. The initial pledger of Z will be eligible for an additional airdrop (2%), which will be issued in the form of pledge Z 1 Epoch (28 days) after the TGE; 2. Incentive, after the snapshot, the platform's incentive for traders (30% within 90 months) will start from Epoch 1; 3. Finance: Meanwhile, community finance (22.5% unlocked for 24 months) will support multi-year growth initiatives, including liquidity provision and Zeta's founder and ambassador programs.
In addition, core protocol contributors and investors will have a longer lock-up period. As for incentive unlocking, platform rewards will be exclusively offered to traders and distributed based on Z points accumulated for each Epoch (28 days). When the airdrop snapshot is taken, Epoch 1 will start, and the unlock rate will gradually decrease.
Zeta Markets Announces Token Z Unlocking Schedule, Distributing 8% of the Initial Airdrop TGE to Traders
2024-05-21 14:17:14
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