Zeta Markets, a Solana-based SOL/USD decentralized exchange for trading crypto perpetuals, is set to launch and airdrop its “governance” token Z. The Z token will have a total supply of 1 billion, with 10% or 100 million, set to be distributed through an airdrop, Zeta said Tuesday. Half of that 10% will be airdropped to active traders and community members of Zeta, determined by their Z-Score, an ongoing points system on the platform. Another 1% will be allocated to users of Zeta who are part of strategic communities in Solana, while the remaining 4% will be rewarded to Z stakers, Zeta said.

Read the full story at The Block.

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