Unique technical approach, clear airdrop expectations, alignment with popular narratives: understanding ZetaChain
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Unique technical approach, clear airdrop expectations, alignment with popular narratives: understanding ZetaChain
ZETA will begin trading tomorrow on multiple platforms including OKX, Bybit, Bitget, and Gate, while its mainnet is also即将 launching soon.
Navigating Web3 tides with focused insightsAuthor: Liaoliao
With the smooth approval of Bitcoin spot ETFs and gradual recovery in market liquidity and sentiment, BTC is now oscillating above $40,000. Both the industry and traders are shifting greater attention toward emerging hot sectors and promising ecosystems. The market has entered a phase of narrative rotation, with new infrastructure drawing particular favor.
ZetaChain, a multi-chain smart contract platform linking to Bitcoin that has been frequently covered by Odaily Planet Daily recently, will launch its token listing tomorrow on OKX, Bybit, Gate, KuCoin, Bitfinex, Thailand’s compliant exchange bitkub, among others, while its mainnet is also about to go live.
ZetaChain stands out with strong potential in technology roadmap, future airdrop expectations, and ecosystem development. It follows a distinctive path different from today's crowded L1 narratives, making its ecosystem development worth long-term observation and active engagement. This article provides a comprehensive fundamental analysis of ZetaChain.
Multi-platform trading mining launches; token trading begins tomorrow
The native token of ZetaChain, ZETA, will debut simultaneously tomorrow on OKX, Bitget, KuCoin, Bitfinex, Bybit, MEXC, and Thailand’s largest compliant exchange bitkub, with spot trading commencing across these platforms starting tomorrow Beijing time.
Currently, ZETA is already available through new-token mining and staking campaigns on OKX Jumpstart, Bybit Launchpool, and Gate, with specific details as follows: OKX: January 30, 18:00 to February 1, 08:00, distributing a total of 10,500,000 ZETA; Bybit: January 31, 16:00 to February 14, 16:00, distributing 1,700,000 ZETA; Gate: January 28, 20:00 to January 30, 20:00, distributing 419,581 ZETA.
ZetaChain’s mainnet will go live in a few days. The team also indicated that ZETA will soon be listed on other major exchanges—stay tuned for updates. Follow ZetaChain’s official Twitter account for detailed information.
ZetaChain’s uniqueness: Technology roadmap and ecosystem development deserve attention
In terms of fundraising, ZetaChain, an omnichain interoperable Layer 1 network, announced a $27 million equity funding round in August 2023, backed by prominent institutions including Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, Smrti Lab, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, and Krust.
Although it has secured funding for long-term development, how can ZetaChain stand out amid fierce competition where many new chains focus on performance and cost optimization through concepts like DA layer separation and parallel processing?
In short, ZetaChain’s approach and vision differ significantly from most current L1s—or one could say it operates at a "larger scale."
While other Layer 1 blockchains primarily aim to enhance underlying scalability, ZetaChain focuses on connecting various increasingly capable but isolated blockchain "islands." ZetaChain aims to eliminate the current market's reliance on bridges for cross-chain interactions, replacing them with native Omnichain smart contracts that enable trustless fund transfers and message passing across chains.
Simply put, ZetaChain seeks to abstract the concept of a “chain,” enabling developers to build Omni-Dapps via Omnichain smart contracts spanning multiple chains, allowing users to perform cross-chain operations seamlessly through a single interface without awareness of underlying chain switches.
For example, ZetaChain recently integrated with Curve Finance, providing the first native BTC support for cross-chain swaps and omnichain asset pools—making the first fully omnichain pool with native BTC support possible.
This means users can hold ETH on Ethereum, BTC on Bitcoin, and USDC on Polygon, yet all assets can coexist within a unified liquidity pool. Users need only deposit their native tokens and interact from any wallet on any chain—even directly using their Bitcoin wallet address for BTC transactions.
ZetaChain also allows developers to build decentralized applications that work across all chains, enabling easy management from a single point. Its solution differs from most existing market approaches, offering a suite of tools for cross-chain fund transfer and universal multi-chain orchestration: Omnichain smart contracts, accounts, and messaging. (This article won't dive deeply into technical details; interested readers may refer to “The Future of OmniChain: ZetaChain, the First L1 Public Chain Enabling Full Interoperability”)
ZetaChain’s technological direction and ecosystem narrative align perfectly with current industry trends—lowering user barriers, making multi-chain interoperability seamless, prioritizing developer usability, and providing robust infrastructure and tools to lay the foundation for future ecosystem growth.
Future airdrop expectations: 10% of tokens reserved for future airdrops
On January 23, ZetaChain unveiled its genesis airdrop plan, allocating 31.5 million ZETA tokens to over 800,000 users and contributors based on points (ZETA Points) accumulated on the testnet, with the snapshot date set at August 20, 2023.
ZetaChain has published an airdrop eligibility checker on ZetaHub. Notably, the team emphasized in the announcement that this testnet-based airdrop is just the beginning. As ZetaChain progresses toward mainnet and beyond, additional products and initiatives will follow to encourage mainnet adoption, strongly indicating further airdrops in the future.
Another interesting aspect is that, like other L1 projects, ZetaChain filtered out over 300,000 potential Sybil addresses during prior interactions. However, ZetaChain mentioned it will reward some top-scoring addresses within identified Sybil groups.
ZetaChain clarified this does not imply tolerance for Sybil attacks, but rather acknowledges that even Sybil addresses contributed to stress-testing the testnet, helping improve network stability. This move reflects ZetaChain’s strong willingness to reward diverse forms of contributions within its decentralized community.
This principle is also clearly reflected in ZetaChain’s tokenomics: 10% of the total ZETA supply is reserved for community rewards. ZetaChain also stated it will launch various wallet partnership campaigns and social tasks upon mainnet launch.
Given ZetaChain’s past approach and the allocation of 10% of tokens for community incentives, actively engaging with and participating in the ZetaChain ecosystem represents a solid long-term strategy.
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