Solana DEX Zeta Markets set to airdrop 100 million Z tokens

Zeta Markets, a Solana-based decentralized exchange, is set to launch and airdrop 100 million Z tokens next month.

Zeta Markets, a Solana -based decentralized exchange for trading crypto perpetuals, is set to launch and airdrop its "governance" token Z.

Zeta founder Tristan Frizza told The Block that the Z token is expected to launch in May, and that's when airdrop claims will also start. Frizza said snapshot will be announced "in the coming weeks." "The general premise is token stakers will be rewarded exponentially more voting power and token rewards by staking for longer periods of time," Frizza said.

Zeta's venture capital investors own roughly 17.5% of Z's total supply, Frizza said, adding that their tokens are vested over a period of 3 years following the launch, with a one-year cliff.

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