ZetaChain Launches Instant Rewards: A New Crypto Incentive Model

• ZetaChain’s Instant Rewards offer immediate ZETA tokens for ecosystem interactions, replacing traditional reward models like airdrops.
• Over 150,000 users minted XP NFTs, unlocking access to perks like Instant Rewards within weeks of its launch.

Designed to outperform conventional cryptocurrency incentive systems like airdrops and points, ZetaChain has unveiled an inventive rewards system known as Instant Rewards.

This new system immediately addresses some of the objections about previous incentive systems since it provides clear and quick advantages. Under conventional reward systems, such as airdrops, consumers sometimes have inflated expectations, and the usefulness of the incentives usually fades soon after the first distribution.

By letting users immediately collect ZETA tokens for their engagements inside the network, ZetaChain’s Instant Rewards flips this paradigm.

Hello, Instant Rewards!

Discover ZetaChain’s new web3 perks model to grow the first universal blockchain: https://t.co/3zRddoeEko

— ZetaChain (@zetablockchain) October 9, 2024

Rapid User Adoption and Scalable Rewards System Fuel ZetaChain Growth 

Since its quiet introduction, this new rewards program has become somewhat popular. Over 150,000 people minted their XP NFTs within just three weeks to access special benefits, including Instant Rewards. This amazing acceptance rate shows the capacity of the platform to involve and inspire its users.

Instant Rewards offers a more direct and interesting experience for consumers than conventional systems, whereby they might have to wait for distributions or points to build.

ZetaChain’s rewards system is notable for its capacity to scale depending on user participation. Users discover even more benefits as they engage more with the site, therefore establishing a dynamic, merit-based system.

Moreover, the platform intends to extend this concept by letting developers construct their own personalized reward schemes, therefore generating fresh chances for connection and expansion inside the ecosystem.

Apart from the Instant Rewards program, ZetaChain has set up a Global Advocacy Network—a private social network meant to promote actual support for the objective of the platform. Comprising 378 members, this exclusive group acts as a hub for community involvement and communication, therefore supporting ZetaChain’s forward goal.

From its participation in producing the Basic Attention Token (BAT) and subsequently the ZETA Points system in 2021, ZetaChain has always been lucrative to its community. The platform’s dedication to significant incentives has been a constant motif, leading to this most recent creation with Instant Incentives.

On the other hand, as we previously reported, ZetaChain is a layer-1 blockchain with compatibility among big ecosystems including EVM, Cosmos/IBC, Bitcoin, Dogecoin, and Tron.

This capability supports native smart contracts and lets developers create effective decentralized apps (dApps) running across many blockchains, hence streamlining transactions by means of smooth data transfers.

Meanwhile, the chain native token, ZETA, is trading at roughly $0.5615 as of writing and has increased 4.56% over the last 24 hours. This ascent takes the market cap to more than $250 million.