ZetaChain (ZETA) coin issuance price

ZetaChain's ZETA token launched with an issuance price of $0.034 during its initial token offering, a price influenced by market demand, ecosystem utility, and broader cryptocurrency market dynamics.

Dec 23, 2024 at 04:29 pm

Key Points:

• Understanding ZetaChain (ZETA) Issuance Price
• ZETA Token Distribution Mechanism and Vesting Schedule
• Factors Influencing the ZETA Issuance Price
• ZETA Price History and Performance
• ZETA Tokenomics and Value Proposition

ZetaChain (ZETA) Coin Issuance Price

1. ZETA Token Distribution Mechanism and Vesting Schedule

ZetaChain's ZETA token adopts a dual token distribution model: public sale and private allocation. During its initial token offering (ITO), ZETA was sold to the public at an issuance price of $0.034. A portion of ZETA tokens was also allocated to early investors, advisors, and the team, subject to a vesting schedule to prevent token dumping and ensure project longevity.

2. Factors Influencing the ZETA Issuance Price

• Demand and Supply: The issuance price is influenced by the balance between supply and demand for ZETA tokens. High demand compared to supply can lead to an increase in price, while excessive supply or low demand can decrease the price.
• Market Conditions: ZETA's issuance price is not isolated from the broader cryptocurrency market. Bullish market sentiments generally drive token prices higher, while bear markets tend to result in price declines.
• Token Utility: The perceived value and utility of ZETA within the ZetaChain ecosystem impact its price. ZETA is used for network fees, staking, and governance, which increases its demand and value.
• Competition: Similar Layer-1 blockchain platforms offering competitive features and tokenomics can influence the price of ZETA.

3. ZETA Price History and Performance

After its ITO at $0.034, ZETA reached an all-time high (ATH) of $0.13 in May 2022. The token's price fluctuated in the following months due to market conditions and network developments. In January 2023, ZETA was trading at $0.058.

4. ZETA Tokenomics and Value Proposition

• Token Supply: ZETA has a fixed supply of 1 billion tokens, creating scarcity and potential price appreciation.
• Staking Rewards: ZETA holders receive rewards for staking their tokens on the network, providing an incentive to lock up tokens and enhance security.
• Governance Participation: ZETA holders can participate in network governance and influence platform decisions.

Frequently Asked Questions (FAQs)

Q: What is the ITO price of ZETA?
A: The initial token offering (ITO) price of ZETA was $0.034.

Q: How did ZETA distribute its token supply?
A: ZETA adopted a dual token distribution model, including a public sale and private allocation.

Q: What factors influence the ZETA issuance price?
A: Issuance price is driven by demand and supply, market conditions, token utility, and platform competition.

Q: What is the current trading price of ZETA?
A: As of January 2023, ZETA is trading at $0.058.

Q: What is the future outlook for ZETA's price?
A: The future price of ZETA depends on various factors, including network adoption, token demand, and broader market conditions.