Bitget has successfully distributed incentives to participants of its Task2Get program, a testnet initiative designed to promote the ZetaChain, a new Ethereum Virtual Machine (EVM) Layer 1 blockchain.
In an announcement post on February 2, the Bitget team informed qualified participants to check their wallets and claim the rewards.
The team explained that about 351,400 $ZETA coins were distributed among 7,476 wallet addresses of the qualified participants. The participants were rewarded with $ZETA tokens directly proportional to their Task2Get (T2G) points.
The crypto exchange also noted that the token giveaway program isn’t over, as more than 350,000 $ZETA tokens will still be distributed to participants in a new and similar program target at the protocol’s mainnet launch.
Before this announcement, on January 31, Bitget revealed its plans to add support for the Layer-1 Protocol on its platform. Starting from February 1 and 2, users gained the ability to perform various transactions, including deposits, spot trading, and withdrawals, using ZETA, the protocol’s native token.
ZetaChain boasts of being the only public, decentralized network and smart contract platform that facilitates ultra-fast and seamless transactions between multiple interconnected blockchain networks. Currently, it supports all Ethereum L2 rollup protocols, Terra, Solana, and Algorand.
The project’s development started in 2021, and its initial launch was scheduled for January 2024. However, the mainnet launch took place on February 1, 2024. It recorded more than 14 million cross-chain transactions from more than 3 million registered users during its testnet phase.
The blockchain’s ZETA is the 138th on the list of leading crypto tokens. With a market cap of $385,339,540, the cryptocurrency has a total supply of 2.1 billion coins and a circulating supply of 236.5 million tokens, according to data from CoinGecko.
Following Bitget’s announcement, the price of $ ZETA surged to $ 1.9457, according to CoinMarketCap data. This surge was a 72.20% growth from its previous day’s price.
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