Core Contributor

Jun 20, 2024

Introducing Zeta’s Genesis Epoch

Our Transition to an Epoch-Based Rewards System, Powered by $ZEX

Contents:

  1. Overview

  2. TL;DR

  3. Duration

  4. Trader Incentives

  5. New Referral Program and Genesis Boost

  6. Creator and Ambassador Programs

  7. What’s Next

  8. Relevant Sources

Overview

Z-Score Season 2 has ended, the snapshot has been taken, the eligibility checker is live, and the Token Generation Event (TGE) is officially on its way. As we gear up for the launch of $ZEX, an exciting new chapter has already unfolded with the start of the Genesis Epoch.

The Genesis Epoch introduces a new epoch-based rewards system for traders. From now on, Z-Score will no longer accumulate through seasons but will reset every 28-day, the duration of an epoch. Serving as an initial phase, the Genesis Epoch extends beyond this standard length to ensure a smooth transition into the new system. At the end of each cycle, traders receive $ZEX tokens proportional to their total Z-Score.

The Genesis Epoch has already kicked off with over 8M $ZEX rewards set to be distributed among traders upon its conclusion, 28 days after TGE (July 25th). Additional $ZEX incentives have been earmarked from the Community Treasury to reward Zeta Ambassadors and Creators during this period.

TL;DR

  • Duration: the Genesis Epoch began on June 7th (snapshot date) and will end 28 days after TGE.

  • Traders Incentives: over 8M $ZEX to be distributed among traders based on the Z-Score accrued during the same period.

  • Referral Program and Genesis Boost: the Genesis Epoch introduces an updated Referral Program. To celebrate the launch of $ZEX, during the Genesis Epoch the program will be boosted to 15% for both affiliates and referrals.

  • Creator and Ambassador Programs: Ambassador and Creator Programs continue throughout the Genesis Epoch with $ZEX rewards. All details will be released in the next few days.

Duration

  • The airdrop snapshot was taken on June 7th, 00:00 UTC, marking the end of Z-Score Season 2. The initial airdrop allocation is based on the total Z-Score accrued until this moment, including multipliers for OGs, Season 1 traders, and other eligibility criteria as better specified in our docs.

  • The Genesis Epoch started immediately after the snapshot. The Z-Score accumulated from this time onwards contributes to the rewards distribution and it’s visible in the Genesis Epoch Leaderboard.

Trader Incentives

The tokenomics of $ZEX are crafted to fuel growth, boost community participation, and drive optimal exchange conditions. To achieve this, 30% of the total $ZEX supply is allocated to fuel ongoing platform incentives, exclusively reserved for traders.

This approach aims to put $ZEX directly into the hands of our real users, ensuring long-term alignment and rewarding those who actively enhance the protocol’s liquidity and activity.

Trader incentives are distributed at the end of each epoch, proportional to the Z-Score achieved. Z-Score is accumulated based on trading activity, as a function of the fees generated. More trade = more Z-Score = more $ZEX rewards.

The Genesis Epoch kicks off with a bang, with over 8M $ZEX rewards reserved for traders.

For subsequent epochs, the $ZEX rewards pool will be announced prior to the start of each epoch, in accordance with the emissions schedule detailed in the $ZEX Whitepaper.

New Referral Program and Genesis Boost

Anyone active on Zeta can amplify their rewards by inviting friends to trade on our platform.

The Genesis Epoch introduces an updated referral mechanism.

  • Affiliates earn a permanent 10% on the trading fees generated by each new friend introduced to Zeta, giving you a direct share of the fees generated from your friends' trades.

  • Referrals (new referred users) who start trading on Zeta receive a 10% Z-Score boost for 28 days, starting their trading experience with enhanced $ZEX rewards.

To celebrate the upcoming launch of $ZEX, throughout the Genesis Epoch the Referral Program is boosted to 15% for both affiliates and referrals. The same perks also apply to existing referrals.

For referrals happened before TGE, you will continue to enjoy your referral Z-Score rewards until the end of the Genesis Epoch.

Generate your unique link at https://dex.zeta.markets/rewards.

Creator and Ambassador Programs

22.5% of the total $ZEX supply is designated for the Community Treasury to backing powerhouse multi-year initiatives like Zeta’s Creator and Ambassador Programs.

Echoing the trader incentives, these programs will also shift to an epoch-based system, with Ambassadors and Creators receiving $ZEX rewards at the end of each epoch.

Detailed information on how to participate and how the programs will function during the Genesis Epoch is on the way.

Turn on those Twitter notifications - you won’t want to miss this!

What's Next

TGE is just around the corner, but the airdrop of $ZEX is only the beginning.

Over the next 90 epochs, 30% of the $ZEX supply will be allocated to Zeta users, driving long-term growth and community ownership to build the ultimate trading experience.

From now on, all trader and community incentives will consistently be epoch-based, ensuring continuous rewards for our active users and broader $ZEX distribution.

After the Genesis Epoch, stakers of $ZEX will receive a second airdrop (2% of the supply), and will enjoy bonus $ZEX rewards proportional to their gZEX holdings (staked version of $ZEX). The higher the amount of token staked and the longer the staking period, the larger the boost.

Trade on Zeta, stack Z-Score, earn $ZEX.

Stake $ZEX, boost Z-Score, earn more $ZEX. Repeat.

LFZ!

Relevant Sources

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