Zeta Markets, a Solana-based decentralized exchange (DEX) for perpetual futures, has launched its native token, $ZEX.

This Token Generation Event (TGE) includes an airdrop to reward users and incentivize long-term participation.

$ZEX: Governance, Staking, and Network Incentives

$ZEX will play a key role in Zeta Markets’ ecosystem. It grants the community decision-making power through governance, while also ensuring liquidity and optimal trading conditions.

Staking $ZEX allows users to earn rewards and participate in securing the network.

Notably, Zeta Markets will introduce one of the first vote-escrow models on Solana,rewarding users who lock up their tokens for longer periods with increased voting power and staking benefits.

Airdrop Rewards Early Users and Long-Term Commitment

The $ZEX airdrop aims to reward early adopters of Zeta Markets and encourage long-term participation in the platform.

This approach aligns with the launch of Zeta X, Zeta’s upcoming Layer 2 solution on Solana designed to deliver centralized exchange-like performance within the DeFi space.

$ZEX will act as the native gas token and incentive mechanism for Zeta X, with its mainnet launch expected in Q1 2025.

Solana DEX Leverages Blockchain Speed and Efficiency

Zeta Markets operates on the Solana blockchain, known for its fast transaction speeds and low costs – perfect for supporting fast-paced trading environments like perpetual futures markets.

This scalability advantage positions Zeta Markets competitively within the growing landscape of DEXs that are increasingly adopting Layer 2 solutions.