DEX Zeta Markets on Solana to Airdrop 100 Million Tokens

Zeta Markets, a decentralized crypto derivatives exchange built on the Solana blockchain, is set to airdrop 100 million Z governance tokens.

This amounts to 10% of the total supply of 1 billion coins. The airdrop distribution will follow a breakdown of 5% for traders based on their Z-Score scores, 1% for users who are also part of select “strategic communities” on Solana, and 4% reserved for those staking Z tokens.

According to Zeta’s founder Tristan Frizza, the token is expected to launch in May and a snapshot will be taken in the coming weeks to determine eligible participants.

Frizza also shared that the team has received offers to list Z on various exchanges and is currently conducting due diligence with some of the leading ones. In addition, 30% of the total supply of tokens will be allocated towards incentive programs for makers and takers, aimed at ensuring liquidity on the platform.