What is $ZEX? Everything you need to know about the Zeta Markets token
$ZEX is the governance token of Zeta Markets protocol along with playing an important role in the rollup infrastructure for the upcoming ZX (Zeta X) platform.
Spot trading of ZEX/USDC opens on Backpack Exchange at 10AM UTC on June 27th.
Trade ZEX on Backpack Exchange.
Ticker: $ZEX
Total Supply: 1,000,000,000
$ZEX Tokenomics
Active Zeta Markets users will receive a lions share of the total $ZEX supply.
10% will be distributed via airdrop.
30% will be reserved for platform incentives, dedicated to traders.
22.5% will form the Community Treasury, funding different initiatives including Zeta’s multi-year creator & ambassador programs.
The remaining supply is earmarked for technical contributors and investors, it is locked in a vesting schedule for several years.
Read the full $ZEX tokenomics paper here.
What is Zeta Markets?
Zeta Markets is one of the largest Solana DEXs (decentralized exchange) with a standout suite of trading tools.
A decentralized exchange (DEX) is a permissionless cryptocurrency exchange where users trade tokens on a global marketplace powered by the blockchain.
They specialize in perpetual trading (perp trading) contracts which enable users to leverage their trades (up to 50x leverage) and place Long/Short positions on cryptocurrency tokens.
What is Zeta X?
Zeta X (ZX) is a "trustless Layer 2 for decentralized derivatives trading on Solana" with plans to launch in early 2025.
ZX is our solution to providing the optimal trading experience that preserves the core advantages of on-chain trading such as complete self-custody, transparency, proof of reserves and verifiability of state changes - qualities that both DeFi users and market makers highly value.
$ZEX is an integral component to the new Zeta X initiative.
ZX is designed to offer trading functions that are expected in the centralized exchange world including borrowing, lending and spot trading.
Our goal is to achieve the performance of a CEX, whilst maintaining the security & self-custodial nature of a DEX.
How to buy $ZEX?
Create an account or login to the Backpack Exchange.
Navigate to the ZEX trading page
Enter the amount of ZEX you wish to purchase and select the Buy ZEX button.
Navigate to Portfolio to see your balances.
Login to your Backpack Exchange account via mobile app.
Navigate to the ZEX trading page
Enter the amount of ZEX you wish to purchase and select the Buy ZEX button.
Navigate to Portfolio to see your balances.
For any inquiries, please contact support@backpack.exchange
Backpack Exchange
27/06/2024