🪙Introducing $ZEX

An introduction to the $ZEX token. Last update: 11/06/2024

Disclaimer

There is no $ZEX token currently. Please follow our official communications channels on Twitter & Discord.

$ZEX is governed by the Zeta Foundation. For more information about $ZEX, its governance, and the foundation, please visit the Zeta Foundation website.

The $ZEX token

As the Zeta ecosystem scales the $ZEX token will become integral to its function, and will lay the foundation for governance and key protocol operations. Staking will be used as a vital mechanism to facilitate these token utility features.

Distribution

The primary goal of the $ZEX token distribution is to allocate tokens to key stakeholders who will contribute to the growth and governance of the protocol. The distribution strategy emphasizes rewarding stakeholders who demonstrate a long-term commitment to the protocol. In the initial token distribution phase, 10% of the total network tokens will be allocated to these vital stakeholders, with a significant portion earmarked for traders who have used the Zeta protocol.

The allocation for individual traders will be based on two factors: their Z-Score and their demonstrated long-term alignment with the protocol. Z-Score's impact on token distribution may be in direct proportion to Z-Score values or though a tiered system based on distinct Z-Score thresholds; or a combination of both.

Governance

To participate in governance, token holders must stake their tokens. This staking is viewed as a commitment to long-term participation in governance and protocol growth. Stakeholders who show this long-term alignment will receive a larger $ZEX allocation.

Emissions

Following the initial distribution, tokens will be released through various incentives and emissions mechanisms related to protocol activity. This ongoing process aims to maintain effective ecosystem incentives and ensure a fair and balanced governance structure as the protocol evolves.

WEN?

Stay tuned! For full details, see the Token Whitepaper from the Zeta Foundation here: https://zeta-foundation.gitbook.io/zeta-foundation/whitepaper

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