Zeta Markets Announces $ZEX Airdrop Eligibility Checker for 80,000 Users

Zeta Markets, a Solana-based decentralized perpetual exchange (DEX), has launched its eligibility checker for the initial airdrop of its native token, $ZEX. The airdrop, representing 8% of the total $ZEX supply, is designed to reward the platform's traders. Approximately 80,000 users are eligible for the airdrop. A snapshot determining eligibility was taken on June 7th, 2024.

Users must have a minimum Z-Score of 500 to qualify for the airdrop, a metric reflecting trading activity and platform contribution. The allocation system emphasizes active participation, with the principle "no Z-Score equals no $ZEX."

The airdrop distribution considers several factors, including loyalty bonuses for early adopters, activity multipliers for consistent users, and a minimum Z-Score requirement. The rewards are categorized into OG Allocation (for pre-Season 1 users), Season 1 and 2 Allocations, Community Allocation for competition participants, and a 7-Day Bonus unlocked gradually after the token generation event.

This announcement follows Zeta Markets surpassing $11 billion in all-time trading volume, a notable achievement for the Solana-based DEX.

Users can check their eligibility and learn more about the airdrop on the official Zeta Markets website.