ZetaChain Logo

ZetaChain (ZETA)

Past
Total Raise: $28,561,500
Date: 17 Aug - 01 Feb

ZetaChain is a layer 1 omnichain blockchain network with built-in chain-agnostic interoperability. It is the only decentralized network and smart contract platform that enables message passing between any blockchain by design. The platform is powered by its native ZETA token, facilitating security, anti-spam, and gas asset functions within the ZetaChain network.

Zetachain labs has already conducted several funding rounds, including a Seed round, a recent IEO on Gate.io, and an upcoming IEO round on OKX, raising over $27M in total.

❗️ ❗️ ❗ IMPORTANT:

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ZetaChain Overview

Ticker: ZETA
Country: United States
Founded: 2021
Whitelist: No
Blockchain Network: ZetaChain Network
KYC: Yes
Bounty: Yes
MVP: Yes
Type: IEO, Equity
Security Audit: Yes

ZetaChain Review

Zeta Chain is a layer 1 omnichain network that enables trustless cross-chain communication and asset transfers built on the Cosmos SDK. It seamlessly communicates with the majority of chain networks currently in existence and even supports non-smart contract networks such as Doge and Bitcoin networks, giving these chains smart contract capabilities.

When proceeding and validating information outside and inside the chain network, Zeta Chain relies on the supermajority (66%) of distributed nodes, which need to reach a consensus to approve any information or transaction. Node runners within the platform divided on three different types: 

  • Validators confirm a transaction within ZetaChain, voting on block proposals with voting power proportional to the staked $ZETA coins. For their services, nodes receive block and gas fee rewards in $ZETA, proportional to their amount of staked tokens; 
  • Observers are responsible for external data collection and validation. Similarly to validators, they need to reach a supermajority consensus to confirm that the data collected on external blockchains is valid;
  • Signers are the last type of nodes that sign messages  for external chains, relying on super majority mechanism; 

For more info about the nodes in ZetaChain whitepaper.

The entire network is powered by its native ZETA coin, which serves as the foundation for ZetaChain’s anti-spam and DPoS (Delegated Proof of Stake) mechanisms via staking, delegating, and slashing. It also can be used as a universal multichain asset to pay fees and rewards for node runners. 

ZetaChain is currently working on the decentralization of the network by organizing a few IEO public rounds on market-leading exchanges such as Gate.io and OKX. Here’s a few pros and cons you need to consider before participating in ZetaChain public sale: 

ZetaChain Pros: 

  • Great project concept; 
  • Strong PR activity;
  • Effective and creative growth marketing approach;
  • Large, diverse and active community on social media.

ZetaChain Cons:

  • There is almost no public information available on ZetaChain's main team members; 
  • There is a slight confusion regarding the $ZETA tokenomics;
  • The information on the past private raises is absent.

ZetaChain Token Economy

Total Raise: $28,561,500
Total Supply: 2,100,000,000
Private/Pre-sale: 27,000,000 (1.29%)
Public Sale: 1,561,500 (0.07%)
Fully Diluted Valuation (FDV): $300,300,000
Initial Circulation Supply: (0% of FDV)

ZetaChain Token Sale (ICO & IDO) Rounds

Seed: 16 Aug - 17 Aug

Price: N/A
Tokens for sale: N/A
Raise: $27,000,000
Lock-Up: N/A
IEO: 26 Jan - 30 Jan

Price: $0.143
Tokens for sale: 419,581
Raise: $60,000
Lock-Up: 50% unlock, rest 50% unlock next month
IEO: 30 Jan - 01 Feb

Price: $0.143
Tokens for sale: 10,500,000
Raise: N/A
Lock-Up: 1 FEB 2024 
Launchpad: OKX logo OKX Jumpstart

ZetaChain Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  02 Feb 2024 Upgrade

ZetaChain Team

Jon Russell
Jon Russell
Core Contributor
Swayam S.
Swayam S.
Head of Ecosystem Strategy and Growth

ZetaChain News

ZetaChain Roadmap

2024
  • Chain integrations;
  • More dApp, Asset, and Transaction Types;
  • Trust Model Improvement & Security;
  • Performance and Robustness Improvement;
  • Omnichain dApp Developer Tooling, SDK, and Support; 
  • Taking Ownership of Key Dependencies.

ZetaChain Airdrop & Retrodrop & Bounty

Retrodrop
ZetaChain Logo
funds
Start Date:
15 Dec 2021
End Date:
11 Jan 2024
Difficulty:
Medium
Winners:
21,000
Rewards:
$500

Description

ZetaChain is the first public Layer 1 network that allows omnichain, generic smart contracts, and messaging between any blockchain network. It is powered by its native ZETA token, which plays a vital role in the security of the network and the Delegated Proof of Stake mechanism. With the $ZETA token, users can also pay gas fees within not just ZetaChain but external chain networks as well. 

Recently, ZetaChain announced an airdrop of $ZETA for testnet participants, analyzing over 1.3M wallet addresses potentially eligible for retrodrop. However, the exact amount of tokens allocated for retrodrop, as well as rewards for eligible participants, remains unannounced.

Read More

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