ZETA will start trading on multiple platforms such as OKX, Bybit, Bitget, and Gate tomorrow, and the mainnet is also about to go live.

Author: Liao Liao

Bitcoin spot ETF has been approved smoothly, and the market is gradually warming up in terms of liquidity and sentiment. Currently, BTC is fluctuating above $40,000, and the industry and traders will pay more attention to new hot tracks and potential ecosystems. The market is entering a narrative rotation phase, with new infrastructure particularly favored.

Odaily Star Daily has reported multiple times recently that ZetaChain, a multi-chain smart contract platform linked to Bitcoin, will start spot trading on OKX, Bybit, Gate, KuCoin, Bitfinex, and Thailand's compliant trading platform bitkup tomorrow. The mainnet is also about to go live.

In terms of technical roadmap, future airdrop expectations, and ecosystem development, ZetaChain has great potential and uniqueness compared to the highly competitive L1s. The ecosystem development is also worth long-term attention and interaction. This article will provide a comprehensive analysis of ZetaChain from a fundamental perspective.

Mining will start on multiple platforms as tokens begin trading tomorrow

ZetaChain's native token ZETA will simultaneously start trading on OKX, Bitget, KuCoin, Bitfinex, Bybit, MEXC, and Thailand's largest compliant trading platform bitkup tomorrow, with spot trading starting on the same day in Beijing time.

Currently, ZETA has also launched new coin mining and staking activities on OKX Jumpstart, Bybit Launchpool, Gate, and others. The specific arrangements are as follows: OKX: from 18:00 on January 30 to 8:00 on February 1, a total of 10,500,000 ZETA will be allocated; Bybit: from 16:00 on January 31 to 16:00 on February 14, a total of 1,700,000 ZETA will be allocated; Gate: from 20:00 on January 28 to 20:00 on January 30, a total of 419,581 ZETA will be allocated.

ZetaChain's mainnet will go live in a few days, and the team has also stated that ZETA will be listed on other mainstream trading platforms in the near future. Stay tuned to ZetaChain's official account for detailed information.

Uniqueness of ZetaChain: Worth paying attention to its technical roadmap and ecosystem development

In terms of funding, the fully interoperable Layer 1 network ZetaChain announced the completion of a $27 million equity financing in August 2023, with participation from mainstream institutions such as lockchain.com, Human Capital, VY Capital, Sky 9 Capital, Jane Street Capital, Smrti Lab, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, and Krust.

Although it has raised funds to support long-term development, in the highly competitive landscape where multiple new chains rely on concepts such as DA disassembly and parallel processing to improve performance and reduce costs, how can ZetaChain stand out with its unique advantages?

In simple terms, ZetaChain's approach and philosophy are different from most L1s at present, or one might say "more expansive."

While other Layer 1s focus on breakthroughs in underlying carrying capacity, ZetaChain's focus is on how to connect the increasingly improved islands of carrying capacity. ZetaChain is committed to breaking the current market's reliance on bridges for cross-chain interactions and instead using native Omnichain smart contracts to transfer funds and messages across chains without the need for trust.

In essence, ZetaChain aims to abstract the concept of "chains," allowing developers to build Omni-Dapps covering multiple chains based on Omnichain smart contracts, enabling users to perform various cross-chain interactions on a single platform without the need to be aware of underlying blockchain switches.

For example, ZetaChain recently integrated with Curve Finance to provide the first native BTC support for cross-chain swaps and a universal multi-chain asset pool, making it possible for the first liquidity pool with native BTC support to exist. This means that users can have ETH on Ethereum, BTC on Bitcoin, and USDC on Polygon, but all assets can exist in a unified liquidity pool. Users can interact from any wallet on any chain, and can even interact with their Bitcoin wallet address.

ZetaChain also allows developers to build decentralized applications that are applicable to all chains, making it easy to manage all content from one place. ZetaChain's solution differs from most current market solutions and has developed a series of tools for cross-chain fund transfer and general multi-chain orchestration: Omnichain smart contracts, accounts, and message delivery. (This article does not delve too deeply into the technical aspects. For those interested, please refer to "The Future of OmniChain: ZetaChain, the first L1 public chain to achieve complete interoperability.")

ZetaChain's technical roadmap and ecosystem narrative undoubtedly align with the current industry development trend, reducing user barriers and making multi-chain interoperability smoother and more seamless, while also considering developer usability and providing a solid foundation for future ecosystem development.

Future airdrop expectations: 10% of tokens will be used for future airdrops

On January 23, ZetaChain announced the Genesis Airdrop Plan, through which ZetaChain will distribute 31.5 million ZETA to over 800,000 users and contributors based on the accumulated points (ZETA Points) on the testnet, with the snapshot date ending on August 20, 2023.

ZetaChain has published the eligibility query page for the airdrop on ZetaHub. It is worth noting that the project also stated in the announcement that this testnet-based airdrop is just the beginning. As ZetaChain continues to move towards the mainnet and other stages of development, it will implement multiple products and plans in the future to encourage user adoption of the mainnet, indicating that there will be continued airdrops in the future.

Another interesting point is that, like all L1s, ZetaChain has also screened out over 300,000 potential witch addresses in previous interactions, but ZetaChain also mentioned that it will reward some of the highest-scoring addresses in the witch group.

ZetaChain stated that this does not mean that the project is condoning witch attacks, but rather that even witch addresses contribute to the stress testing of the testnet, thereby improving the network's stability. This also demonstrates ZetaChain's strong willingness to reward various contributions in the decentralized community.

In ZetaChain's token economics, this point is also very clear: 10% of the total supply of ZETA will be reserved for community rewards. ZetaChain also stated that it will launch various wallet partnership activities and social tasks on the mainnet.

Based on ZetaChain's previous style and the allocation of 10% of tokens, actively engaging with and participating in the ZetaChain ecosystem is a good long-term choice.

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