OKX is set to list the Zeus Network’s ZEUS token for spot trading, enabling ZEUS/USDT trades. This integration leverages Solana’s scalability with Bitcoin’s security, enhancing decentralized applications (dApps) and secure financial services.
Zeus Network: Funding and Development
The Zeus Network, built on the Solana blockchain for improved interoperability, raised $8 million in a seed funding round led by Mechanism Capital. Participants included OKX Ventures, Animoca Ventures, and angel investors like Solana’s Anatoly Yakovenko.
The funding focuses on developing cross-chain infrastructure to connect Solana (SOL) with Bitcoin (BTC), Litecoin (LTC), and other blockchains, aiming to boost interoperability.
👉 Explore Zeus Network’s cross-chain potential
Tokenomics and Mainnet Launch
- ZEUS Token Supply: 1 billion total, with 167.5 million initially circulating.
- Airdrop: Planned to incentivize community growth.
- Mainnet: Expected in coming months (currently in testnet).
OKX’s Regulatory Adjustments
Amid increased regulatory scrutiny, OKX is:
- Removing USDT from European markets.
- Freezing USDT assets.
- Restructuring compliance teams, including the departure of Global CCO Patrick Donegan.
This reflects industry-wide efforts to align with anti-money laundering (AML) standards, especially after recent charges against KuCoin and Binance.
FAQs
1. When will ZEUS spot trading begin on OKX?
Trading starts today for ZEUS/USDT pairs.
2. What is Zeus Network’s primary goal?
To bridge Solana with blockchains like Bitcoin, enhancing interoperability for dApps.
3. How can users acquire ZEUS tokens?
Via the upcoming airdrop or spot trading on OKX.
👉 Learn more about Solana’s ecosystem
Conclusion
The ZEUS listing underscores OKX’s commitment to innovative projects, while regulatory shifts highlight the exchange’s focus on compliance. Zeus Network’s cross-chain vision positions it as a key player in blockchain interoperability.