What is the total supply of ZetaChain (ZETA) coins?

ZetaChain (ZETA) coins play various roles in its ecosystem, including transaction fees, network incentives, governance functions, and value capture through trading.

Dec 25, 2024 at 01:36 am

Key Points:

• ZetaChain (ZETA) is a Layer-1 blockchain protocol designed for cross-chain interoperability.
• The total supply of ZETA coins is 2,000,000,000 tokens, with an initial circulating supply of approximately 342 million tokens.
• ZETA coins serve multiple purposes within the ZetaChain ecosystem, including transaction fees, rewards for network participants, and governance functions.

Total Supply of ZetaChain (ZETA) Coins

The total supply of ZetaChain (ZETA) coins is 2,000,000,000 tokens. The token allocation is as follows:

• Seed Funding: 16% (320 million ZETA)
• Private Sale: 12% (240 million ZETA)
• Team and Advisors: 12% (240 million ZETA)
• Eco Fund: 12% (240 million ZETA)
• Public Sale: 10% (200 million ZETA)
• Foundation: 10% (200 million ZETA)
• Ecosystem Reserve: 9% (180 million ZETA)
• Strategic Reserves: 9% (180 million ZETA)

The initial circulating supply of ZETA coins was approximately 342 million tokens, which includes tokens distributed through the public sale and team allocations. The remaining tokens will be released gradually in a phased manner to support ecosystem development and liquidity.

Roles of ZETA Coins in the Ecosystem

ZETA coins play several critical roles within the ZetaChain ecosystem, including:

1. Transaction Fees: ZETA coins are used to pay transaction fees on the ZetaChain network. These fees cover the computational resources required to process transactions and maintain the blockchain's integrity.
2. Network Incentives: ZETA coins are also used to reward network participants for their contributions to the ecosystem. Validators and nominators who participate in the consensus mechanism are rewarded with ZETA tokens based on their stake and performance.
3. Governance: ZETA coin holders have the right to participate in the governance of the ZetaChain protocol. They can propose and vote on changes to the network's parameters, including transaction fees, staking rewards, and ecosystem fund allocations.
4. Liquidity and Value Capture: ZETA coins can be traded on cryptocurrency exchanges, providing liquidity and value capture for token holders. The value of ZETA coins is directly influenced by the adoption and utility of the ZetaChain protocol.

FAQs on ZETA Coin Supply and Roles

Q: How many ZETA coins are currently in circulation?
A: The current circulating supply of ZETA coins is approximately 342 million tokens.

Q: What factors will influence the supply and demand of ZETA coins?
A: The supply and demand of ZETA coins will be influenced by several factors, including the growth of the ZetaChain ecosystem, the overall cryptocurrency market conditions, and the utility of ZETA coins within the network.

Q: How does the token allocation for ZETA coins compare to other Layer-1 protocols?
A: The token allocation for ZETA coins is generally in line with other Layer-1 protocols, with a significant portion reserved for future ecosystem development and a smaller portion allocated to team members and early investors.

Q: What is the expected time frame for the release of the remaining ZETA coin supply?
A: The release of the remaining ZETA coin supply will be gradually phased over time, based on the progress of ecosystem development and the market demand for the token.