We often talk about potential airdrops for a potential token launch of a project. 

For this next guide, a points system is now active for its upcoming token launch.

(Read more: Ultimate Guide to Solana Airdrops 2023 – 2024 and 10 Potential Crypto Airdrops to Watch Out For in 2024)

(Also read: Solana Airdrop Checker Tool Guide To Check If Your Wallet is Eligible)

Zeta Market Introduction

Zeta Market is a decentralized exchange (DEX) on the Solana network. 

According to its developers, the DEX offers the speed and user experience of a centralized exchange (CEX) while providing full self-custody and transparency for users by running on a public blockchain network.

“Zeta has been a leading force in the DeFi space since its inception in 2021 and currently offers perpetual swaps trading across a number of popular cryptocurrencies,” its website read. 

More over, it claims to have these key features:

• Secure: Full self-custody of assets; USDC margined.
• Capital Efficient: Up to 10x leverage with cross margin.
• Price Discovery without Centralization: Fully on-chain limit orderbook (CLOB).
• Institutional Liquidity: Programmatic connectivity to our smart contract using its SDK/CPI programs for Market Makers and other integrations.
• Gamified: Leaderboard, referrals, and trading rewards.

Zeta Market Airdrop Guide

As mentioned, Zeta Market is currently in Season 1 ‌of its points system called “Z-Score.” 

“Z-Score is the first step towards the launch of our token,” the DEX announced. “Built with users in mind, the program is designed to reward utilization of the Zeta DEX by offering users the opportunity to share in the future success of the protocol.”

To earn points, trading volume is the main requirement. This means that the more volume the user trades, the more their Z-Score goes up. For every $1 trading volume is one point. 

That is all about the addition of points. To multiple points, the user must be among the top 100 users with the highest PNL for every 24 hours. 

Season 1 of the points system will end on December 31, 2023, while Season 2 is expected to start in the “first week of January.” 

No specific amount of prizes is mentioned, but the only promise of the team is that the higher the Z-Score, the greater the rewards. 

Zeta Market Features

Zeta Market is known for its perpetual contracts. Now before we check out this feature, here’s some disclaimer:

BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.

To start using the platform, the user needs to connect their Solana-based wallet, like Phantom, Backpack, and Solflare. The wallet must also have $USDC. 

Next, go to the “Deposit” section, type in the amount of $USDC to be traded, then click “Deposit.” 

To open a perpetual position: 

Step 1: Click the dropdown asset menu.

Step 2: Choose from the four available trading pairs: SOL/USDC, BTC/USDC, ETH/USDC, APT/USDC and ARB/USDC.

Step 3: Go to “Positions.”

Step 4: Choose if “Buy” or “Sell.”

Step 5: Choose if $SOL or USDC.

Step 6: Type in the amount or size.

Step 7: Specify the entry price.

Step 8: Adjust the leverage. 

Step 9: Confirm the transaction. 

To close a position: 

Step 1: Go to “Positions.”

Step 2: Long press the circle logo with a cross in the middle. 

Step 3: Wait for a position box to pop out. Step 4: Choose the “Close Position” button. 

This article is published on BitPinas: Zeta Market Airdrop Guide and Strategy

Disclaimer:

• Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
• BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.

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