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OKX Announces Listing of Zeus Network Token ZEUS

OKX to lists Zeus Network's ZEUS token, blending Solana's speed with Bitcoin's security, unlocking new DApp potentials and community growth.
OKX Announces Listing of Zeus Network Token ZEUS

Highlights

  • OKX lists the ZEUS token, expanding trade options with a ZEUS/USDT spot pair from April 4, 2024.
  • Zeus Network secures $8M, fusing Solana's speed with Bitcoin's security for innovative DApps.
  • Zeus plans community airdrop ahead of mainnet launch, reinforcing its ecosystem growth.

OKX cryptocurrency exchange, has officially announced the listing of the Zeus Network’s ZEUS token on its spot market. Starting from April 4, 2024, at 14:At 00:00 UTC, traders will be able to trade the ZEUS token against USDT using the ZEUS/USDT spot pair. This move not only diversifies the trading possibilities on OKX but also brings the innovative capabilities of the Zeus Network to a larger audience.

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Zeus Network’s Strategic Integration and Funding

The Zeus Network differentiates itself from its competition by strategically combining Solana’s high processing speeds and scalability with Bitcoin’s unmatched security and liquidity. This symbiotic relationship is expected to usher in a new age of high-performance decentralized applications (DApps) and locked financial services, thereby setting the bar for future blockchain partnerships.

This latest funding round, in which the network raised $8 million, led by Mechanism Capital and supported by OKX Ventures, Animoca Ventures, and other entities, demonstrates the industry’s belief in significant improvement in blockchain interoperability by this network.

This funding initiative is focused on the development of a cross-chain infrastructure that links Solana with other major blockchains like Bitcoin and Litecoin, hence providing an interconnected and more effective blockchain ecosystem.

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Community Engagement and Regulatory Adjustments

Considering the need to promote a strong community and ecosystem, Zeus Network has also made known its intention to create a token airdrop. This action is intended to benefit its community members, as the network is ready to give out some of its ZEUS tokens to the eligible participants. This effort is part of Zeus Network’s dedication to community participation and ecosystem growth, especially as it prepares for a mainnet launch in the next few months.

Simultaneously, OKX is following through a phase of increased regulatory oversight, especially regarding money laundering activities. This has led to significant operational adjustments, including the removal of USDT from European markets and a freeze on USDT assets, alongside the departure of its global chief compliance officer. These amendments highlight the general industry’s efforts to comply with norms in the wake of the U.S. war on offshore exchanges due to fear of money laundering.

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Market Expansion and Innovation

The listing of ZEUS on OKX is poised to open new avenues for market expansion and innovation within the blockchain space.  Using the scalability of Solana and the security of Bitcoin, the Zeus Network seeks to develop strong support for the seamless exchange of data and assets across different blockchains. 

This endeavor is highlighted by the development of its first decentralized application, APOLLO, which seeks to bridge the liquidity gap between Bitcoin and Solana, thereby enhancing the DeFi ecosystem.

Moreover, the strong support from a wide array of venture capital firms and angel investors, including Solana Co-Founder Anatoly Yakovenko, signifies a collective belief in the network’s vision. This backing is instrumental in Zeus Network’s efforts to connect diverse Web3 ecosystems using the Solana Virtual Machine (SVM) and its proprietary Zeus Layer.

Read Also: Fantom Launching Canonical Stablecoin Supported By Circle and Wormhole

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Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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