Question 1

What is ZetaChain (ZETA)?

Accepted Answer

ZetaChain is a Layer 1 (L1) blockchain platform characterised by its chain-agnostic interoperability. It is crafted to facilitate seamless data and native value transfers across a variety of blockchains, including EVM-compatible chains, Cosmos/IBC, Bitcoin, Dogecoin, Tron, among others. Notably, it features messaging capabilities that allow the transmission of data and native value between chains without the need for wrapping assets. Moreover, it supports native smart contracts, enabling developers to create omnichain decentralised applications (odApps) capable of orchestrating funds across multiple chains through a single contract.

Question 2

What is ZetaChain (ZETA) used for?

Accepted Answer

ZetaChain utilises its native token, ZETA, in several key ways to empower and secure its omnichain smart contract layer and transaction processes:

* **Gas for Transactions and Smart Contracts:** ZETA serves as the gas for transactions within ZetaChain's network, including the operations of omnichain smart contracts. In a manner akin to mechanisms such as EIP 1559, a portion of ZETA is burned over time with each transaction, introducing a deflationary element to its economy.

* **Core Pools and External Transactions:** The protocol employs ZETA within core pools to exchange for external ZRC-20 gas assets. This facilitates the payment for and the execution of outbound transactions to external chains, ensuring interoperability and smooth cross-chain communication.

* **Cross-chain Intermediary Asset:** For cross-chain messaging, ZETA acts as the intermediary asset. It enables dApps and users to attach ZETA to messages to convey value and to consolidate all associated gas and transaction fees into a single payment. This streamlines the process of transferring assets across different blockchains by using ZETA in the core pools for outbound gas payments.

* **Network Security through Staking:** ZETA is crucial in securing ZetaChain's Proof of Stake (PoS) blockchain. Validators stake ZETA, and users can delegate their ZETA to validators, in return for earning block rewards. This staking mechanism not only fortifies the network but also encourages community engagement and support.

* **Governance Participation:** Holders of ZETA have the privilege to vote on governance proposals, which may include network and policy enhancements among other considerations. This grants the ZetaChain community a voice in the network's direction and development, ensuring it evolves in a manner that aligns with the preferences and requirements of its users.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	ZETA-USDT ZETA_USDT	whitebit	BB	0.03879USDT	-1.85%	7,453,368.99ZETA	19,126	0.03952USDT	0.04093USDT
2	ZETA-USDT ZETAUSDT	bybit	A	0.03870USDT	-1.88%	4,108,361.40ZETA	4,373	0.03944USDT	0.04086USDT
3	ZETA-USDT ZETA-USDT	okex	A	0.03870USDT	-1.85%	1,554,029.00ZETA	2,754	0.03943USDT	0.04086USDT
4	ZETA-USDT ZETAUSDT_SPBL	bitget	BB	0.03870USDT	-1.95%	697,544.90ZETA	1,198	0.03947USDT	0.04091USDT
5	ZETA-USD ZETA-USD	coinbase	AA	0.03860USD	-1.70%	436,956.30ZETA	145	0.03927USD	0.04089USD
6	ZETA-USDT ZETA_USDT	gateio	A	0.03909USDT	-0.86%	179,906.27ZETA	457	0.03943USDT	0.04081USDT
7	ZETA-EUR ZETAEUR	kraken	AA	0.03510EUR	-0.57%	50,377.78ZETA	5	0.03530EUR	0.03599EUR
8	ZETA-USDT ZETA-USDT	kucoin	BB	0.03880USDT	-1.77%	47,940.93ZETA	88	0.03950USDT	0.04080USDT
9	ZETA-USD ZETAUSD	kraken	AA	0.03880USD	-0.77%	22,616.62ZETA	13	0.03910USD	0.04020USD
10	ZETA-USD ZETA_USD	cryptodotcom	AA	0.03893USD	-1.96%	18,580.00ZETA	39	0.03970USD	0.04043USD
11	ZETA-USDC ZETA-USDC	okex	A	0.03879USDC	-1.70%	1,874.13ZETA	108	0.03946USDC	0.04081USDC
12	ZETA-EUR ZETA-EUR	okex	A	0.03483EUR	-0.91%	360.37ZETA	5	0.03515EUR	0.03614EUR
13	ZETA-USDT zetausdt	huobipro	C	0.03870USDT	-1.78%	48,377,172.12ZETA	33,312	0.03939USDT	0.04080USDT
14	ZETA-USDT zeta_usdt	lbank	C	0.03870USDT	-1.80%	34,550,955.54ZETA	82,623	0.03941USDT	0.04082USDT
15	ZETA-KRW KRW-ZETA	upbit	B	52.10KRW	-1.33%	4,063,135.62ZETA	571	52.80KRW	54.70KRW
16	ZETA-USDT ZETAUSDT	bitrue	D	0.03889USDT	-1.52%	3,611,366.90ZETA	35,059	0.03950USDT	0.04100USDT
17	ZETA-USD ZETA-USD	btse	-	0.03860USD	-2.23%	3,198,130.80ZETA	50,714	0.03948USD	0.04095USD
18	ZETA-KRW ZETA_KRW	bithumbkorea	-	51.56KRW	-0.90%	2,099,221.79ZETA	400	52.03KRW	54.22KRW
19	ZETA-USDT ZETAUSDT	toobit	C	0.03866USDT	-2.00%	1,970,253.45ZETA	6,228	0.03945USDT	0.04083USDT
20	ZETA-USDT ZETAUSDT	mexc	C	0.03871USDT	-1.83%	1,323,366.84ZETA	2,967	0.03944USDT	0.04082USDT
21	ZETA-USDT ZETA_USDT	coinw	-	0.03880USDT	-1.60%	391,380.90ZETA	1,366	0.03943USDT	0.04068USDT
22	ZETA-EUR ZETA-EUR	bitvavo	B	0.03508EUR	-1.10%	185,665.40ZETA	43	0.03547EUR	0.03650EUR
23	ZETA-USDT ZETA-USDT	btse	-	0.03864USDT	-2.23%	10,290.28ZETA	1,067	0.03952USDT	0.04075USDT
24	ZETA-THB THB_ZETA	bitkub	C	1.32THB	-1.28%	8,749.70ZETA	12	1.33THB	1.35THB
25	ZETA-BTC BTC-ZETA	upbit	B	0.0₆4700BTC	0.00%	0ZETA	0	0.0₆4700BTC	0.0₆4700BTC
26	ZETA-KRW ZETA_KRW	coinone	C	54.25KRW	0.00%	5,324.40ZETA	3	54.25KRW	54.25KRW
27	ZETA-KRW zeta_krw	korbit	C	54.37KRW	0.00%	0ZETA	0	54.37KRW	54.37KRW
28	ZETA-INR ZETAINR	coindcx	-	4.06INR	0.67%	1,987.40ZETA	8	4.03INR	4.07INR
29	ZETA-USDC ZETA-USDC	btse	-	0.03861USDC	-1.86%	784.12ZETA	686	0.03934USDC	0.04074USDC
30	ZETA-USDT USDT-ZETA	upbit	B	0.03805USDT	0.00%	0ZETA	0	0.03805USDT	0.03805USDT
31	ZETA-BRL ZETA-BRL	mercadobtc	C	0.1982BRL	-0.06%	536.06ZETA	6	0.1983BRL	0.2234BRL
32	ZETA-USDT ZETAUSDT	latoken	D	0.04331USDT	0.00%	0ZETA	0	0.04331USDT	0.04331USDT
33	ZETA-USDT ZETAUSDT	hitbtc	E	0.03330USDT	0.00%	0ZETA	0	0.03330USDT	0.03330USDT