What is Zeta (ZEX)? Project and Token Analysis

Coin: Zeta
Ticker: ZEX
Date Deployed: Wed Jun 26, 2024

Origin of the Project

Launched in January 2022, Zeta Markets is a crypto perpetuals exchange built on the Solana blockchain, designed to offer users a secure and seamless trading experience. With Solana’s leading role in driving crypto mass adoption, Zeta combines the speed and efficiency of a centralized exchange with the transparency and self-custody benefits of a decentralized platform. This allows traders to manage their assets with confidence, knowing they have full control while benefiting from the high-performance infrastructure of Solana.

The platform’s goal is to provide the best of both worlds—fast execution and an intuitive user experience, typically associated with centralized exchanges, while maintaining the security and openness of a public blockchain. By running on Solana, Zeta Markets ensures that users can trade their favorite assets with uncompromising security.

Zeta Product Features

Crypto Perpetuals Exchange:

Secure: Offers full self-custody of assets, with USDC used as margin for trading.
Capital Efficient: Provides up to 10x leverage with cross-margin support for efficient use of capital.
Decentralized Price Discovery: Utilizes a fully on-chain limit order book (CLOB) for transparent, decentralized price discovery.
Institutional Liquidity: Allows market makers and integrations to connect programmatically via SDK or CPI programs.
Gamified Experience: Includes features like leaderboards, referrals, and trading rewards to enhance user engagement.

Should ZEX Be in Your Portfolio?

Before you decide whether or not to add ZEX to your portfolio, click here to scan the contract on Solsniffer. Solsniffer is the number one blockchain intelligence tool to detect security risks on Solana. Security risk analysis on Solana has never been easier. Make sure to be aware of potential DeFi wallet scams and other crypto security concerns before investing.

Key Tips to Consider Before Trading or Investing in ZEX

Reviewing the whitepaper. This will give detailed insights into the project’s goals, technology, and roadmap. A well-written whitepaper outlines the problem the project aims to solve, how the token functions within its ecosystem, and the long-term vision. If the whitepaper is vague, overly technical without substance, or lacks clear explanations, it can indicate a poorly structured project. Understanding the whitepaper helps traders and investors determine if the project is viable.

It is also important to check the development team’s background and track record because they reveal the credibility, expertise, and past successes of team members. A team with a proven history and good reputation of delivering successful projects in the Solana industry is more likely to build other sustainable projects. An inexperienced team can be a red flag.

Use appropriate risk management strategies when trading or investing in a Solana project to protect your portfolio from significant losses. One key approach is establishing clear entry and exit points before investing. This means deciding in advance the price at which you’ll buy into a project and when you’ll sell, either to lock in profits or minimise losses.

Additionally, diversifying your investments across multiple projects rather than placing all funds into one asset further reduces risk. By spreading your investment across different projects, you minimise the impact of any one project failing or experiencing a significant downturn.

Emotional decisions often lead to poor timing and significant losses. For more stable, long-term gains, avoid the Fear of Missing out (FOMO), which can drive investors to chase hype without proper research, only to experience sudden downturns due to irrational and impulsive decisions.

How to Scan ZEX on Solsniffer

Copy the ZEX contract address: ZEXy1pqteRu3n13kdyh4LwPQknkFk3GzmMYMuNadWPo
Open the Solsniffer website and paste the address in the search bar.
Within seconds, a detailed analysis of ZEX on-chain data is generated.
A security score called Snifscore also ranks the project out of 100 to determine the authenticity of the project.

ZEX Tokenomics

Total Supply: 1,000,000,000
Max Supply:1,000,000,000
Market cap: $8,141,484

Snifscore Analysis

Snifscore: 65/100
High-risk factors: 3
Medium-risk factors: 2
Low-risk factors: 1

Summary of (5) Contract Passed Indicators

No mintable risk
No transferability risk
No concerning metadata found
Adequate liquididty levels
No custom fees applied

Summary of (6) Contract Risks to Consider

Private wallet holds significant supply – High Risk
Top 10 wallets hold significant share – High Risk
Top 20 wallets hold significant share – High Risk
Metadata mutability risk – Moderate Risk
Low LP provider count – Moderate Risk
Recently deployed contract risk – Low Risk

Spot if ZEX Is a Scam Token

Transparency provides investors with clear insight into the project’s goals, technology and financials. This openness reduces the chances of fraud, promotes accountability, and builds trust with the community.

Team identity can also help identify potential crypto scams because it reveals whether the project’s leaders have credible backgrounds. Anonymous or fake teams raise red flags, while established and reputable individuals on the team attract support from the community.

Scam projects often use hype and flashy marketing to attract investors without offering real value or purpose. They focus on creating excitement rather than addressing a genuine problem or providing a necessary solution. If a project struggles to explain its purpose or the need for its token clearly, it may lack substance, and investors might be scammed down the line.

Staying vigilant and conducting thorough research will help you avoid most crypto scams, as fraudulent projects often exploit investor excitement and lack of information. Additionally, protecting your assets by using wallet security best practices, such as enabling two-factor authentication and storing private keys securely, can reduce your risk.

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