Zeus Network won the highest vote in the first round of LFG launchpad in Jupiter and will issue $ZEUS tokens on April 4. What is the potential of Zeus Network?

Author: Zen, PANews

At 9pm on April 4, Zeus Network, the first public offering project of Jupiter LFG Launchpad, will release its $ZEUS Token, and distributed airdrops to more than 300,000 addresses including Jupiter voting participants, Zealy participants, and Dappie Gang NFT holders.

LFG launchpad was initiated by Jupiter, a Solana ecosystem transaction aggregator. Its first LFG voting, which was completed last month, aims to select two boutique projects and give the winners the opportunity to issue tokens through the platform.TokenThe vote attracted 175,000 participants, and the cross-chain communication project Zeus Network won with 58% votes.

In addition to gettingCommunityZeus Network has received widespread support and has been favored by multiple investors and investment institutions. On the evening of April 3, it announced a new round of financing of US$8 million, led by Mechanism Capital, with participation from OKX Ventures, Animoca Ventures, Big Brain Holdings, Lemniscap and The Spartan Group, as well as angel investors such as Solana co-founder Anatoly Yakovenko, Stacks co-founder Muneeb Ali and Mechanism Capital founder Andrew Kang.

At the end of last year, Zeus Network appeared in the public eye as a native, permissionless communication layer built between Solana and Bitcoin. However, as the project continues to develop, its vision is obviously not limited to this.

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

Different from the traditional bridging mechanism, Zeus Network does not simply transfer assets from oneBlockchainTransfer to anotherBlockchainInstead, it introduces a communication layer in BTCBlockchainBitcoinSafetyLock and transfer their value to Solana without the need for asset bridging. This provides users with efficient,Safetyasset transfer and transaction experience.

However, Zeus Network’s function as a cross-chain communication layer is more than that. Based on the high performance and high throughput of the SVM (Solana Virtual Machine) Zeus layer, it can not only introduce Bitcoin liquidity into the Solana ecosystem, but also expand the application of cross-chain communication to anyBlockchain，为不同区块链之间的互操作性提供了可能。

Specifically, 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, and realize 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 deploy on multiple blockchains, thereby expanding its application scope and providing users with a wider range of services and application scenarios.

As a platform for connecting and communicating different blockchain networks, starting from the Solana ecosystem, Zeus Network is expected to promote the integration and development of the blockchain ecosystem and provide developers and users with solutions for seamlessly connecting different blockchains. This will create more room 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 is to seamlessly facilitate the interconnection between BTC and Solana, providing a platform for interacting with Bitcoin on the Solana blockchain.SafetyThe launch of its flagship project APOLLO will kick off this groundbreaking exploration journey. Apollo is a comprehensive DeFi infrastructure that uses zBTC and the Zeus consensus mechanism to introduce and manage BTC liquidity in the Solana ecosystem.

zBTC represents the intrinsic assets in the Solana network, and is pegged 1:1 with 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.SafetyIt prevents potential fraud or double spending and other issues, and also makes BTC transactions on Solana more efficient and lightweight, while ensuring the secure locking of Bitcoin and its liquidity on Solana.

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, and Kamino Finance as one of the liquidity providers of various DeFi protocols on Solana, providing users with more liquidity options, or as a collateral asset.Xiaobai NavigationIt is used for lending, leveraged trading, etc., as well as the joint development of innovative financial products and services. It helps to improve the diversity and integrity of the DeFi ecosystem and provide users with a wider range of financial services and a better user experience.

实用Token$ZEUS：近半数用于促进生态和Communitydevelop

The total supply of $ZEUS tokens is 1 billion, 40% of which will be used to promote the Zeus network ecosystem andCommunity10% of the tokens will be released at the Token Generation Event (TGE), including airdrops to Zeus community users. As a utility token, $ZEUS also has multiple functions and values in the Zeus Network and is suitable for multiple application scenarios, including:

• Security: Holders can leverage $ZEUS tokens to enhance security features within the Zeus Network ecosystem, ensuring 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, powering smart contracts, and more.contractProvides fuel, or access to specific network functionality.

• Governance: $ZEUS token holders are entitled 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 affect the ecosystem.

• Incentives: Participants in the Zeus Network ecosystem may receive incentives in the form of $ZEUS tokens for their contribution 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 allocated to early supporters, Launchpad sales, liquidity, foundation reserves, teams and advisors, and different cliffs and vesting periods are tailored for each part to ensure coordinated and sustainable distribution:

• Early supporters and sponsors of the Zeus network (10%), 5% of which will be released at the TGE, with a 3-month waiting period and a 15-month vesting period;

• Jupiter Launchpad sale (5%), all 100% will be released at TGE;

• Liquidity, providing market makers andexchange(5%), 100% is fully released at TGE;

• Ecosystem and community growth (40%), 10% of which will be released at TGE and vested linearly over 24 months;

• Foundation reserves (20%), to support ongoing operations and future development, 10% of which will be released at TGE and vested linearly over 24 months;

• Core team members who participate in building and maintaining the Zeus network (15%) will not release tokens during the TGE, and there will be a 3-month waiting period, followed by a 15-month vesting period;

• Advisors (5%) who provide guidance and support to the Zeus Network project will have their 5% released at the TGE, with a 6-month waiting period and a 15-month vesting period.

According to the technical roadmap recently released by the project, 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), and continuously upgrade and optimize the Zeus Layer mainnet beta. Among them, Zeus will launch the Muses upgrade in the second quarter of this year, focusing on the development of Zeus nodes to ensure the operation of the network, while also promoting the launch of Apollo test network V0.3; launch the Gaia upgrade in the third quarter, introduce $ZEUS staking and native $BTC staking on the Zeus network; launch the Athena upgrade in the fourth quarter, and release the Zeus Programming Library (ZPL) for project development.

At present, Zeus Network plays an important role in unleashing the full potential of Bitcoin on Solana. Through its unique cross-chain communication mechanism, Zeus Network ensures the secure verification of Bitcoin-side assets, achieves seamless communication with Solana, and paves the way for the unlimited possibilities of Bitcoin on Solana.

As one of the drivers supporting the Solana ecosystem, Zeus Network stands out through its unique interoperability. In the future, its goal is to use Zeus consensus and Solana virtual machine to overcome Bitcoin’s limitations and facilitate token exchanges,walletIntegration, 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.

The article comes from the Internet:Zeus Network won the highest vote in the first round of LFG launchpad in Jupiter and will issue $ZEUS tokens on April 4. What is the potential of Zeus Network?

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