The $ZEX Eligibility Checker Is Live
1/ You can now check your allocation for the initial airdrop of $ZEX.
Snapshot was taken on June 7th, 00:00 UTC.
2/ Eligibility Checker
Connect your Solana wallet to check your $ZEX allocation: https://token.zeta.markets
3/ Initial Airdrop
The initial airdrop accounts for 8% of $ZEX’s total supply and it's exclusively reserved for our traders:
- 7% is distributed based on users’ total Z-Score at the snapshot time.
- 1% is allocated to participants from community partners, based on the Z-Score earned in the community airdrop competition.
4a/ Allocation Criteria
The goal of the airdrop is to place $ZEX into the hands of real users, encouraging their long-term participation in the protocol and its governance.
That is why the allocation adheres to one fundamental principle: no Z-Score = no $ZEX.
4b/ Allocation Criteria (cont’d)
- Loyalty multipliers: As a reward to our earliest supporters, OGs (pre-Season 1) & Season 1 traders have received generous loyalty boosts.
- Activity multiplier: This multiplier rewards regular users and safeguards against sybil attacks.
- Minimum Z-Score of 500: This is the only requirement to qualify, easily achievable for traders of all sizes.
5/ 7-Day Bonus
Claiming will start at the Token Generation Event (TGE).
To discourage short-term behavior, they’ve introduced a 7-day bonus. This bonus unlocks linearly over the week following the TGE. It can be claimed at any time for the portion already unlocked, but it will only be fully available 7 days after TGE.
6/ Staking Airdrop
Once the airdrop claim is live, users can choose to stake their allocation. Early $ZEX stakers automatically qualify for the staking airdrop (2% of the total supply).
This distribution occurs 28 days after the TGE date, in the form of gZEX ($ZEX staked for 3 months).
7/ Z-Score accrued after Snapshot
30% of the $ZEX supply will fuel ongoing trader incentives on a per epoch basis (every 28 days), with rewards proportional to each trader's Z-Score.