The Zeta $ZEX airdrop is now live, and eligible users can claim their tokens immediately. This detailed guide will walk you through everything you need to know about the Zeta project, the airdrop, and how to claim your $ZEX tokens. Whether you’re an experienced trader or new to the platform, this article provides comprehensive steps to ensure you maximize your rewards.
Introduction to Zeta
Zeta is a decentralized exchange (DEX) specializing in perpetual futures. These financial products combine traditional mechanisms with blockchain technology, allowing traders to speculate on cryptocurrency price movements without an expiry date. The perpetual futures mechanism includes a “funding rate” to align the contract price with the spot price of the underlying asset, promoting market balance and fairness.
What is the $ZEX Token?
The $ZEX token is crucial to the Zeta protocol’s growth and governance. Unlike many other protocols, Zeta announced the $ZEX token early, highlighting its importance in governance and staking. Token holders can stake $ZEX to participate in governance, proposing and voting on platform changes, upgrades, and adjustments. This decentralized approach ensures that the community has a significant role in shaping the platform’s future.
Airdrop Overview
Zeta has allocated 8% of the total $ZEX supply for the airdrop, with over 80,000 addresses eligible. Due to errors in the Sybil attack reviews, additional $ZEX tokens will be distributed as compensation to affected users. The official airdrop distribution began on June 27. The earlier you claim and stake your $ZEX tokens, the greater your rewards will be.
How to Claim Your $ZEX Tokens
Step One: Check Eligibility
First, you need to check if you are eligible for the airdrop.
- Connect Your Wallet: Visit the Zeta Official Airdrop Page and connect your wallet. Ensure you are using the correct and secure link.
- Check Eligibility: Use the eligibility checker on the Zeta Official Airdrop Page to see if you qualify for the $ZEX airdrop.
Step Two: Choose Your Claim Option
Diamond Hands Claim
This option is ideal for users committed to long-term staking and governance participation.
- Select Diamond Hands Claim: On the claim page, choose the Diamond Hands Claim option.
- View Your Allocation: Check your total token allocation, including the 7-day bonus.
- Choose Your Staking Duration: Decide on the duration for staking your tokens, ranging from 1 month to 4 years.
- Confirm and Stake: Once set, confirm your claim and stake your tokens. Benefits include:
- A role in governance.
- Eligibility for staking airdrops.
- Higher returns through staking and governance participation.
- Increased staking airdrop allocation due to higher average gZEX in the first period.
Immediate Claim
This option is for users who wish to claim their tokens immediately or within the 7-day bonus period without receiving the maximum bonus rewards.
- Select Immediate Claim: On the claim page, choose the Immediate Claim option.
- View Your Allocation: You will see your basic allocation and community airdrop amount. If within the TGE + 7 days window, you will also see any unlocked portion of the 7-day bonus.
- Claim Your Tokens: Claim your available tokens.
- Optional Staking: After claiming, you can choose to stake your tokens for additional staking airdrop eligibility and higher rewards.
Step Three: Staking Airdrop
Staking your tokens during the Genesis period makes you eligible for the staking airdrop, which distributes 2% of the token supply based on your average gZEX score during this period.
Maximizing Your Staking Airdrop:
- Stake Early: The earlier you stake, the higher your average gZEX score.
- Stake More: The more tokens you stake, the greater the rewards.
- Stake Longer: Longer commitments result in higher gZEX earnings.
Step Four: Start Earning Trading Rewards
After deciding on your claim and staking options, you can start trading to earn continuous epoch-based rewards. All trading volume after the snapshot qualifies for Genesis epoch rewards, distributed at the end of the Genesis epoch (28 days post-TGE). Additionally, long-term epoch-based rewards are available for ambassadors and creators.
By following these detailed steps, you can ensure you maximize your $ZEX token airdrop and fully participate in the Zeta ecosystem. Stay tuned for further updates and instructions from Zeta, and happy trading!
