As a creator, I should be thrilled about new programs like the Zeta Creators Program. More rewards, more engagement, more exposure—what’s not to love? But honestly, it all feels so... forced.
The program seems designed to incentivize content creation to pump their ecosystem. When projects push incentives this hard, it raises questions. Are they genuinely fostering organic growth, or just trying to prop up the token price?
Then there's Zeta X, an L2 on Solana. Really? Solana already boasts ultra-low fees and lightning-fast transactions—so why build an L2? It seems unnecessary at best, and at worst, like a centralization risk. If it's not about scaling, is it just a play for more control?
Looking at the ZEX tokenomics, the total supply is capped at 1 billion tokens. A significant portion (62.2%) is reserved for the community: 10% distributed via airdrop, 30% for platform incentives dedicated to traders, and 22.2% allocated to the Community Treasury for initiatives like the creator program.
Despite these allocations, the heavy emphasis on incentives makes me question the token's intrinsic value.
If you like trading, here's some data for your thoughts: In the past 24 hours, ZEX has seen a price increase of approximately 22%, currently trading at around $0.07, and hence it's nearly overbought on the 4-hour chart.
And as this all feels a little too engineered, instead of stacking ZEX, I’m doing the opposite—I’m shorting it on Drift.
If you want to trade short or long and get some rewards you can join me there: https://app.drift.trade/ref/cryptofab
Note: Perps trading is addictive and risky. So invest only what you can afford to lose and follow me on YouTube to learn more about trading: https://youtube.com/@breakdownfab?si=IFQ57Z-qusbUOiDR
What do you think? Is Zeta onto something, or is this all just smoke and mirrors?