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Solana-Based Zeta Markets Debuts Governance Token Z

Zeta Markets, one of the top five decentralized derivatives platforms on Solana, announced the launch and airdrop of its native token Z on Tuesday in a bid to become a community-driven protocol. The governance token will empower Zeta users and community members from the broader Solana ecosystem to weigh on important decisions within Zeta and provide additional rewards to token stakers, according to a press release shared with CoinDesk. The Z token will have a total supply of 1 billion, of which 10% will be initially distributed through an airdrop to active Zeta traders and community members, stakers of the Z token, and Zeta users belonging to strategic Solana communities.

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