Home >web3.0 >In the first round of Jupiter's LFG launchpad, the highest vote won and $ZEUS tokens will be issued on April 4. What is the potential of Zeus Network?

In the first round of Jupiter's LFG launchpad, the highest vote won and $ZEUS tokens will be issued on April 4. What is the potential of Zeus Network?

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2024-04-04 13:01:13860browse

At 9pm on April 4th, Jupiter LFG Launchpad’s first public offering project Zeus Network will release its $ZEUS tokens and provide more than 300,000 tokens to Jupiter voting participants, Zealy participants and Dappie Gang NFT holders. The address is used to issue airdrops.

Jupiter, an LFG Launchpad integrated with the Solana trading aggregator, is about to launch its first LFG poll. The voting will select two premium projects, giving the winners the opportunity to issue tokens through the platform. The voting attracted 1.75 million people to participate, and the cross-chain communication project Zeus Network won with 58% of the votes.

在Jupiter首轮LFG launchpad最高票胜出并将于4月4日发行 $ZEUS 代币,Zeus Network潜力如何?

Zeus Network recently announced that it has received support from a number of investors and investment institutions, including a new round of financing announced on the evening of April 3. The financing totaled US$8 million, led by Mechanism Capital, with participation from OKX Ventures, Animoca Ventures, Big Brain Holdings, Lemniscap and The Spartan Group, including Solana co-founder Anatoly Yakovenko, Stacks co-founder Supported by multiple investors including Muneeb Ali and Mechanism Capital founder Andrew Kang.

Last year, Zeus Network emerged into the public eye as a native, permissionless communications layer between Solana and Bitcoin. The project continues to grow, but its goals remain the same and it pursues more than just that.

Zeus Network: The potential and possibilities of the cross-chain communication layer

Different from traditional bridging mechanisms, Zeus Network does not simply transfer assets from one blockchain to another. Instead, it securely locks Bitcoin on the BTC blockchain and transfers its value to Solana by introducing a communications layer. This provides users with an efficient and secure asset transfer and trading experience.

However, the function of Zeus Network as a cross-chain communication layer does not end there. Based on the high performance and high throughput of the SVM (Solana Virtual Machine) Zeus layer, it can not only introduce Bitcoin liquidity to In the Solana ecosystem, the application of cross-chain communication can also be extended to any blockchain, providing the possibility of interoperability between different blockchains.

Zeus Network has the ability to connect multiple blockchain networks. At this stage, as a bridge connecting multiple blockchain networks, it mainly focuses on connecting different blockchains with Solana. This cross-chain capability enables developers to interact and communicate between dApps built on Solana and other blockchains, enabling cross-chain transmission of data and value. In the future, Zeus Network is expected to further expand its cross-chain communication capabilities, enabling cross-chain dApps to run and be deployed on multiple blockchains, thereby expanding its application scope and providing users with a wider range of services and application scenarios.

在Jupiter首轮LFG launchpad最高票胜出并将于4月4日发行 $ZEUS 代币,Zeus Network潜力如何?

As a platform to connect and communicate different blockchain networks, starting from the Solana ecosystem, Zeus Network is expected to promote the integration and development of the blockchain ecosystem, providing developers and Users are provided with solutions that seamlessly connect different blockchains. This will create more space and possibilities for innovation and promote the construction of more complex and feature-rich blockchain applications.

The first application in the ecosystem will release BTC liquidity to Solana

Based on the innovative Zeus consensus, the first step of Zeus Network aims to seamlessly promote the interconnection between BTC and Solana , providing a safe, efficient and decentralized solution for interacting with Bitcoin on the Solana blockchain, and the launch of its flagship project APOLLO will start this breakthrough journey of exploration. Apollo is a comprehensive DeFi infrastructure that uses zBTC and Zeus consensus mechanisms to introduce and manage BTC liquidity in the Solana ecosystem.

zBTC represents an intrinsic asset in the Solana network and ensures 1:1 anchoring to Bitcoin through a trustless, decentralized two-way peg (2WP) mechanism. The process is based on a trust-based protocol that allows users to lock their BTC on the Bitcoin blockchain and use and trade it as zBTC on Solana. By adopting multi-signature alliance verification and SPV verification mechanisms, zBTC achieves the security of Bitcoin during the locking and unlocking process, preventing potential fraud or double payment and other issues, and also makes BTC transactions on Solana more efficient and lightweight. , while ensuring the safe locking of Bitcoin and liquidity on Solana.

在Jupiter首轮LFG launchpad最高票胜出并将于4月4日发行 $ZEUS 代币,Zeus Network潜力如何?

This mechanism can bring more liquidity and use cases to the Solana ecosystem and promote the development of the DeFi ecosystem. For example, zBTC can cooperate with DeFi protocols such as Solend, marginfi, Kamino Finance, etc., as one of the liquidity providing assets of various DeFi protocols on Solana, providing users with more liquidity options, or as a mortgage asset for lending and leverage. transactions, etc., as well as jointly develop innovative financial products and services, etc. It helps improve the diversity and integrity of the DeFi ecosystem and provides users with a wider range of financial services and a better user experience.

Utility Token $ZEUS: Nearly half is used to promote ecological and community development

$The total supply of ZEUS tokens is 1 billion, of which 40% will be used to promote Zeus The growth and development of the network ecosystem and community, of which 10% of the tokens will be released at the Token Generation Event (TGE), including airdrops to Zeus community users, etc. As a utility token, $ZEUS also has multiple functions and values ​​in Zeus Network and is suitable for multiple application scenarios, including:

  • Security: Holders can utilize $ZEUS token enhancements Security features within the Zeus network ecosystem ensure a robust and protected environment for transactions and interactions.
  • Gas/Fuel/Service Access: $ZEUS tokens serve as a means to access and utilize various services within the Zeus network ecosystem, such as paying transaction fees, providing gas for smart contracts, or accessing specific network functions .
  • Governance: $ZEUS token holders have the right to participate in governance decisions regarding the future development and direction of the Zeus network platform. This includes voting on proposals, protocol upgrades, and other key decisions that impact the ecosystem.
  • Incentives: Participants in the Zeus Network ecosystem may receive incentives in the form of $ZEUS tokens for their contributions to the growth and functionality of the network. This may include rewards for providing liquidity, staking tokens, or participating in community initiatives.

In addition to nearly half of the tokens belonging to the ecosystem and community, according to the token economics of $ZEUS, $ZEUS will also be distributed to early supporters, Launchpad sales, liquidity, and foundation reserves , teams and advisors, with different cliffs and vesting periods tailored to each segment to ensure coordinated and sustainable distribution:

  • Early backers and sponsors of the Zeus Network (10% ), 5% of which is released at TGE, with a 3-month waiting period and a 15-month vesting period;
  • Jupiter Launchpad sales (5%), 100% of which is released at TGE;
  • Liquidity, providing market makers and exchanges (5%), 100% will be released at TGE;
  • Ecosystem and community growth (40%), 10% of which will be released in TGE Released at TGE, 24-month linear vesting;
  • Foundation reserve (20%) to support continued operations and future development, 10% of which is released at TGE, 24-month linear vesting;
  • Core team members (15%) involved in building and maintaining the Zeus network, tokens are not released during TGE, there is a 3-month waiting period, followed by a 15-month vesting period;
  • is Zeus The network program provides guidance and support to advisors (5%), the 5% portion of which is released at the time of TGE, with a 6-month waiting period and a 15-month vesting period.

在Jupiter首轮LFG launchpad最高票胜出并将于4月4日发行 $ZEUS 代币,Zeus Network潜力如何?

#According to the technology roadmap recently announced by the project party, this year it will focus on promoting the establishment of Zeus network nodes, enhancing the utility of Zeus network tokens, and enabling native BTC staking ( APOLLO) three key areas, and continue to upgrade and optimize the Zeus Layer mainnet beta version. Among them, Zeus will launch the Muses upgrade in the second quarter of this year, focusing on developing Zeus nodes to ensure the operation of the network, and also promote the launch of Apollo test network V0.3; launch the Gaia upgrade in the third quarter, and introduce $ZEUS pledge and Native $BTC staking; Athena upgrade launched in the fourth quarter and Zeus Programming Library (ZPL) released for project development.

As it stands, Zeus Network plays an important role in unlocking the full potential of Bitcoin on Solana. Through its unique cross-chain communication mechanism, Zeus Network ensures the secure verification of Bitcoin-side assets and achieves seamless communication with Solana, paving the way to unlock the unlimited possibilities of Bitcoin on Solana.

As one of the enablers supporting the Solana ecosystem, Zeus Network stands out through its unique interoperability. In the future, the goal is to leverage the Zeus consensus and Solana virtual machine to overcome the limitations of Bitcoin and facilitate token swaps, wallet integrations, BTC layer 2 integration, and more features on the Zeus network. If these efforts are implemented, they will further promote the development of the blockchain field and bring users a richer and faster financial experience.

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