Zeta (ZEX) is used primarily for governance and incentives within the Zeta Markets platform. As a holder of ZEX, you can participate in the governance of the platform by proposing and voting on changes and upgrades. This helps shape the future of the protocol.
You can also stake ZEX tokens to earn rewards. Staking provides additional incentives and unlocks governance rights. The platform uses a vote-escrow model, rewarding those who stake their tokens for longer periods with greater governance power and incentives. Stakers of ZEX will earn gZEX, a non-transferable governance token that provides proportional governance rights and boosted incentives.
Trader incentives are distributed at the end of each epoch (28 days), based on the Z-Score accumulated during the period. More trading activity results in a higher Z-Score and more ZEX rewards. The referral program offers additional ZEX rewards for both affiliates and referrals, enhancing engagement and growth.
Additionally, ZEX is utilized to encourage trading activity and liquidity on the platform through various incentives and reward programs. These initiatives aim to align the interests of the community with the long-term goals of Zeta Markets.
You can trade Zeta token against other cryptos on the KuCoin Spot Market after you DYOR. You can buy, sell, or HODL $ZEX based on your investment goals and risk tolerance.